After Fridays court hearing over the renewal of the lease for land upon which Park City Mountain Resort (PCMR) operates a Utah judge ordered Powdr Corp. officials to turn over emails between its executives and attorneys.
Judge Ryan Harris ordered that the crime-fraud exception to the Utah Rules of Evidence applies to the emails. The emails, which were exchanged over the final weekend of April 2011, might shed light on if Powdr Corp. officials are guilty in intentionally backdating a letter to Toronto, Canada-based Talisker Corp. The letter indicated Powdr’s intention to renew a long-term lease for another 20 years at rates well below the current market value.
If Talisker wins the case the outcome could result in what would essentially be a hostile takeover of PCMR by Vail Resorts.
