Ore. Bank Sues For $3.5M In Tamarack Golf Default

In 2005, Hopkins said he'd invested $4.2 million into the Robert Trent Jones golf course to secure the majority share. In a press release at the time, Hopkins underscored the optimism that surrounded the resort real-estate boom by boasting the transaction was yielding his investors a "month-to-month" return of more than 9 percent.

Steve Millemann, a lawyer for Tamarack, said Thursday his clients hadn't yet been served papers from Pacific Continental's lawsuit.

Daniel C. Green, a lawyer for the bank in Pocatello, didn't immediately return phone calls or e-mails from The Associated Press seeking details on the foreclosure lawsuit.

On Thursday, in the separate Credit Suisse case, the Swiss bank's lawyers told a state court judge they aim to end payments by July 2 to Douglas Wilson, which has been running Tamarack since the court appointed the company as receiver in late 2008.

Fourth District Court Judge Patrick Owen approved what could be the last budget funded by Credit Suisse, a $205,000 infusion that would preserve the golf course and unfinished Village Plaza only through early next month.

Millemann told Owen that Tamarack's owners still want to secure money from new investors to prop up finances by the end of June. Meanwhile, lawyers for Douglas Wilson are arguing with Credit Suisse over attorney fees, which topped $5,000 per week in June.