Investors seek to enlist receiver in lawsuit against Jay Peak seller
lawsuit brought by EB-5 investors claiming that a Canadian company “aided and abetted” an alleged fraud scheme at Jay Peak Resort may be clearing a big hurdle.
The investors say Saint-Sauveur Valley Resorts Inc. knowingly and improperly accepted $15 million in EB-5 funds from Miami businessman Ariel Quiros as payment for Jay Peak in 2008. Attorneys for the company have denied those allegations.
The parties in the case have disagreed over whether the investors could even sue the Canadian company. Jay Peak is in receivership, as are other properties at the center of the alleged Northeast Kingdom investor fraud scandal. Saint-Sauveur has argued in court that the lawsuit should be dismissed because the authority to sue rests with Michael Goldberg, the court-appointed receiver overseeing those entities.
Keith Miller, an attorney for the investors, submitted a filing recently aimed at addressing that concern by adding Goldberg as a plaintiff.
Read more: https://vtdigger.org/2017/12/10/investors-seek-to-enlist-receiver-in-lawsuit-against-jay-peak-seller/