PORT LUDLOW — The bankruptcy filing by the company that operates Port Ludlow Associates has been thrown out by a federal judge.
A corporate restructuring filing by HCV Pacific Partners was thrown out last Friday by Judge Dennis Montali in Northern California District U.S. Bankruptcy Court.
A $10.7 million lawsuit filed against HCV by a former consultant was remanded to San Francisco Superior Court.
Since filing for bankruptcy in February, HCV officials have maintained that Port Ludlow Associates won’t be affected.
“Port Ludlow Associates is a completely independent entity,” Greg McCarry, Port Ludlow Associates president, said at the time.
Port Ludlow Associates is owned by five investors.
HCV owns 1 percent of the resort through its subsidy, Olympic Pacific Partners, which manages Port Ludlow.
The other four investors are silent partners.
The lawsuit was filed in August 2000 by Gerald “Jed” Boscoe of Seattle.
Boscoe is seeking damages of more than $10 million that he says the company and its chief executive officer and president, Randall J. Verrue, is contractually bound to pay him.
