Mediation of a lawsuit over the sale of the struggling Feather Sound property go nowhere.
By Times Staff Writer
Published October 21, 2004
A mediation session that might have decided the future owner of the financially troubled Feather Sound Country Club ended in impasse Wednesday.
Three club members - developers Ian Irwin, Fred Bullard and Gary Markel - sued Sept. 30 to block a $7-million sale of the club to MW Development Services of Kentucky. The developers want to buy the club for at least $7.4-million and said the Feather Sound board manipulated an election last month at which members approved the sale.
Lawyers for the club say the board accepted the best offer and did nothing improper.
Irwin declined to comment on the impasse and referred questions to the group's attorney, Steve Dupre, who declined to comment on specifics of the mediation. Lawyers for the club's board have declined to comment on the litigation.
It was not immediately clear if the developers will head back to court to ask a judge for a temporary injunction to block the sale to MW Development, whose officers live in Kentucky.
Without a sale, the club might not meet its payroll this week and faces bankruptcy, lawyers for the club said at a hearing last week.
