Missouri Developer Files Bankruptcy After Partner Sues Founder

A Missouri-based development firm that had been helping build a $400 million amusement park and luxury hotel in the Ozarks has filed for bankruptcy after a business partner sued founder Jeffrey J. Tegethoff and accused him of misusing investor funds.

Tegethoff Development has nearly $540 million in liabilities, including a $13 million court judgment held by investors in a real estate venture in St. Peters, Missouri, that is unrelated to the Ozarks project, according to the Chapter 11 petition filed Monday. Tegethoff denied wrongdoing and has moved to throw out at least part of the federal lawsuit against him, saying ...