- Associated Press - Thursday, April 4, 2019

NEWFANE, Vt. (AP) - A judge has ordered the owner of a foreclosed ski club in Vermont to pay about $2.1 million to a club member who is unable to sell back 20 memberships he bought in 2015.

The Brattleboro Reformer reports the judge issued his ruling on two counts of breach of contract against Hermitage Club founder Jim Barnes and Hermitage Club LLC last month.

Under the agreement, Robert Coffin, of Massachusetts, was to pay $65,000 per membership. The Hermitage would later buy them back at $75,000 each after 13 months, $85,000 each after two years or $95,000 each after three years.

Barnes and Hermitage Club now owe Coffin $1.9 million in damages and about $203,000 in interest from February 2018.

Neither Barnes nor an attorney responded to the complaint.



___

Information from: Brattleboro Reformer, http://www.reformer.com/

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide