Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

Insurer says Quiros owes the company, not other way around
Feb. 16, 2017, 3:52 pm by Alan J. Keays

https://vtdigger.org/2017/02/16/insurer ... -286323177" onclick="window.open(this.href);return false;
An insurance company is firing back at Jay Peak owner Ariel Quiros, disputing his claim that it has to fund his defense that tops $2 million as he fights off investor fraud lawsuits.

And, in a twist, Ironshore Indemnity Inc. is asking a judge to force Quiros to pay for its cost of defending itself from the lawsuit the Miami businessman brought seeking the coverage.

“Quiros is not entitled to relief to the extent he seeks coverage for self-dealing or fraudulent acts under the Policy,” Joseph G. Galardi, a Florida attorney representing the insurer, wrote in a recent filing.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

Here's a new twist, this time at Mount Snow

Mount Snow to split with state, plans EB-5-fueled expansion
Mar. 10, 2017

https://vtdigger.org/2017/03/10/mount-s ... -286323177" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

Quiros fires legal team; attorneys place lien to get paid

https://vtdigger.org/2017/03/31/quiros- ... -286323177" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

Jay Peak EB-5 investors sue Saint Sauveur Valley Resorts

https://vtdigger.org/2017/04/10/jay-pea ... -286323177" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Big Bob »

Could be big news

http://digital.vpr.net/post/jay-peaks-e ... t#stream/0" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by hillbangin »

Big Bob wrote:Could be big news

http://digital.vpr.net/post/jay-peaks-e ... t#stream/0" onclick="window.open(this.href);return false;
Who's the buyer?????????????????????????????
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by SnoBrdr »

hillbangin wrote:
Big Bob wrote:Could be big news

http://digital.vpr.net/post/jay-peaks-e ... t#stream/0" onclick="window.open(this.href);return false;
Who's the buyer?????????????????????????????
Maybe everyone is just gonna get paid.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

hillbangin wrote:
Big Bob wrote:Could be big news

http://digital.vpr.net/post/jay-peaks-e ... t#stream/0" onclick="window.open(this.href);return false;
Who's the buyer?????????????????????????????
Beyoncé. She's going to rename it Jay Z Peak.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Big Bob »

I would think that any potential buyer would be shy of basically buying into a potential lawsuit. This sentence if it could happen would be important to flush any potential buyers out of the sidelines.

They’ll also get to weigh in on whether any settlement Goldberg negotiates should include what’s known as a “bar order” — essentially, a ban on any further legal action, once any settlement does go through.
2 hours and 10-minute drive to K
2023/2024 Ski Days: 30 days for the season
Killington: 12/14, 1/4, 1/9, 1/11, 1/17, 1/23, 1/31, 2/5, 2/20, 2/26, 3/4, 3/20, 3/25
Loon: 11/29, 12/8, 12/21, 1/8, 1/19, 1/22,1/30, 2/7, 2/15, 3/1, 3/8, 3/22
Sunday River: 3/12
Sugarloaf: 3/13, 3/14
Cannon:1/15, 2/22
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Big Bob »

Raymond James reaches $150 million settlement, contractors to get paid.

Live feed, so may not work later

https://www.facebook.com/vtdigger/?hc_r ... S_TIMELINE" onclick="window.open(this.href);return false;
2 hours and 10-minute drive to K
2023/2024 Ski Days: 30 days for the season
Killington: 12/14, 1/4, 1/9, 1/11, 1/17, 1/23, 1/31, 2/5, 2/20, 2/26, 3/4, 3/20, 3/25
Loon: 11/29, 12/8, 12/21, 1/8, 1/19, 1/22,1/30, 2/7, 2/15, 3/1, 3/8, 3/22
Sunday River: 3/12
Sugarloaf: 3/13, 3/14
Cannon:1/15, 2/22
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by MrsG »

Big Bob wrote:Raymond James reaches $150 million settlement, contractors to get paid.

Live feed, so may not work later

https://www.facebook.com/vtdigger/?hc_r ... S_TIMELINE" onclick="window.open(this.href);return false;
https://vtdigger.org/2017/04/13/brokera ... ettlement/" onclick="window.open(this.href);return false;
hillbangin
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by hillbangin »

MrsG wrote:
Big Bob wrote:Raymond James reaches $150 million settlement, contractors to get paid.

Live feed, so may not work later

https://www.facebook.com/vtdigger/?hc_r ... S_TIMELINE" onclick="window.open(this.href);return false;
https://vtdigger.org/2017/04/13/brokera ... ettlement/" onclick="window.open(this.href);return false;
So who owns Jay now? This must clear the book for an auction/sale?
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

Jay Peak's Quiros Again Asserts Innocence, Lawyer Wants To 'Cooperate'
By Hilary Niles

http://digital.vpr.net/post/jay-peaks-q ... 7#stream/0" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

Quiros takes new approach in EB-5 case: Cooperate

Apr. 26, 2017 by Alan J. Keays

https://vtdigger.org/2017/04/26/quiros- ... -286323177" onclick="window.open(this.href);return false;

Visconti said her client’s past team had a “contentious” approach, which she said has “not served Mr. Quiros well so far.”

The attorney described her client as “very distressed.”

“He’s not doing much because all of his businesses and assets are frozen,” Visconti said.

The change in strategy, she said, will hopefully lead to a “global resolution” of the the cases against Quiros.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor

Post by Bubba »

Stenger ‘providing tremendous value’ on the job at resorts
May. 1, 2017, by Alan J. Keays

https://vtdigger.org/2017/05/01/stenger ... -286323177" onclick="window.open(this.href);return false;


Jay Peak profits rise to over $9 million, officials report
Apr. 30, 2017, by Alan J. Keays

https://vtdigger.org/2017/04/30/jay-pea ... -286323177" onclick="window.open(this.href);return false;
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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