Lawsuit settled at The Canyons
April 10, 2009
One of several lawsuits involving disputes at The Canyons has been settled.
Peninsula Advisors principal Mark Robbins sued Wolf Mountain Resorts Managing Partner Kenny Griswold in 2007 claiming Griswold breached an agreement to sell him property Griswold owns at The Canyons for $115 million.
The terrain is leased by Griswold to Talisker, which recently purchased The Canyons from the defunct American Skiing Company.
But Robbins claimed he reached an agreement to purchase Griswold’s land before Talisker announced its deal about two years ago.
Peninsula hoped to purchase about 2,000 acres Griswold owns at The Canyons, according to the complaint filed against Wolf Mountain. The lawsuit sought $16 million in damages from Wolf Mountain Resorts.
Griswold and Robbins "jointly announce that they have dismissed with prejudice the claims filed against each other, their companies and certain of their affiliates in an action pending in Third Judicial District Court for Summit County," Peninsula attorney Jeff Jones said in a prepared statement April 6.
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"The terms of the agreement regarding the dismissal are confidential," according to Jones. "Each party is satisfied with the resolution of these claims and intends to make no further statements regarding the resolution."
When reached Wednesday Griswold did not comment about the case.