Jay Peak Receiver Agrees to $32.5M Settlement in Financial Scandal

Jay Peak receiver Michael Goldberg has reached a $32.5 million settlement in a lawsuit he brought against former attorneys for Ariel Quiros, the resort’s past owner.

The lawsuit alleged those lawyers allowed millions of dollars to be bilked from investors in projects in Vermont’s Northeast Kingdom headed by Quiros.

The proposed settlement outlined in a Friday court filing is among the largest reached yet in the financial scandal with the various parties associated with it, including other law firms, banks and the developers.

Read the source article at VTDigger

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