Subscribe
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events
Menu
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events

Moonlight and Lehman settlement approved

in News
Megan Paulsonby Megan Paulson
October 27, 2011

explorebigsky.com staff writer

A federal court this week approved a settlement and restructuring plan between Lehman Brothers and Moonlight Basin. Lehman Brothers, a New York-based investment bank will take over ownership of the eight-year-old resort in Big Sky. Moonlight’s founder, Lee Poole, will move on to other ventures.

This is big news for Moonlight, which employs hundreds of people from Big Sky, Bozeman, Ennis and West Yellowstone seasonally.

Article Inline Ad Article Inline Ad Article Inline Ad
ADVERTISEMENT

Moonlight’s employees and loyal skiers have long been waiting for closure on the bankruptcy case, which will help the company move forward.

This marks the completion of three years of court battles between the two companies. Moonlights original loans were from Lehman Brothers; $170 million of those were due to be repaid in 2008, but the resort was unable to pay most of that. Lehman claimed Chapter 11 bankruptcy in 2008. Moonlight went into Chapter 11 a year later.

The closing date for the final agreement is expected to be December or early January. Going forward, Lehman should bring Moonlight out of bankruptcy.

Moonlight Basin plans to open and operate for the 2011-2012 skiing season. The settlement should help the resort stay open into the foreseeable future.

This season will be the first time the resort runs its own lodging operations and as well as the restaurant in the Moonlight Lodge. Season pass sales are up approximately 20 percent over last season.

ADVERTISEMENT
Outlaw Realty Outlaw Realty
ADVERTISEMENT
ADVERTISEMENT

Listen

Hoary Marmot Podcast

Joe Borden & Michele Veale Borden

Lastest Episode
See More Episodes
outlaw realty montana outlaw realty montana
ADVERTISEMENT
Outlaw Realty Big Sky Bozeman
ADVERTISEMENT

Upcoming Events

Jul 16
11:00 am - 5:00 pm Event Series

June Show at the Big Sky Artists’ Studio & Gallery

Jul 16
12:15 pm - 1:30 pm Event Series

Community Yoga

Jul 16
5:00 pm - 8:00 pm Event Series

Post 99 Honey sales

Jul 16
6:00 pm - 8:00 pm Event Series

Pickup Ultimate Frisbee

Jul 17
11:00 am - 5:00 pm Event Series

June Show at the Big Sky Artists’ Studio & Gallery

View Calendar
Event Calendar

Related Posts

David Yarrow photograph heads to Wildlands auction through Courtney Collins Fine Art
Arts & Entertainment

David Yarrow photograph heads to Wildlands auction through Courtney Collins Fine Art

July 9, 2025
Gallatin Whitewater Fest celebrates community, competition and crowns river royalty
Featured

Gallatin Whitewater Fest celebrates community, competition and crowns river royalty

July 1, 2025
Uncle Dan’s Cookies moves forward with new owner, same sweet legacy
Business

Uncle Dan’s Cookies moves forward with new owner, same sweet legacy

June 30, 2025
To the Tune of Hope
Featured

To the Tune of Hope

June 27, 2025

An Outlaw Partners Publication

Facebook-f Instagram X-twitter Youtube

Explore Big Sky

  • About/Contact
  • Advertise
  • Publications
  • Subscriptions
  • Podcast
  • Submissions

Outlaw Brands

  • Mountain Outlaw
  • Plan Yellowstone
  • Big Sky PBR
  • Wildlands Music
  • Outlaw Partners
  • Outlaw Realty
  • Hey Bear

Copyright © 2025 Explore Big Sky | Terms of Use | Privacy Policy | Your Privacy Choices

No Result
View All Result
  • News
    • Regional
    • Business
    • Outlaw Partners
  • Yellowstone
  • Arts & Entertainment
  • Sports
  • Opinion
  • Real Estate
  • Events

©2024 Outlaw Partners, LLC. All Rights Reserved.

Explore Big Sky Logo
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events
Subscribe
Facebook X-twitter Instagram Youtube