Pastore LLC represented the founder of the only Private Mountain Ski Club on the East Coast in connection with a dispute in Federal Court. The Club, which is the East Coast version of the Yellowstone Club, is located in southern Vermont. The dispute centered around UCC Article 9 and the complex assignment of interests in a LLC under Connecticut law. The founder had an economic interest in a Limited Liability Company, which had an economic interest in a $11M 6 pack bubble chair, and the founder assigned that interest to a GRAT Trust. As part of the settlement, the GRAT Trust will receive a distribution from the Limited Liability Company. Monies will also flow to a former club employee and real estate developers.
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