Ariel Quiros at the opening of Jay Peak Resort’s Stateside Hotel in December 2013.
A federal judge is facing dueling filings over what defenses Jay Peak owner Ariel Quiros can raise to investor fraud allegations, though it’s still unclear if the case will even make it to trial.
That’s because his new attorney says the ski mogul is continuing to cooperate with regulators and attorneys for theU.S. Securities and Exchange Commission. But the lawyer declined to comment when asked if a settlement is near.
“Both the SEC and us are going to continue to proceed with the litigation,” said Melissa Visconti, Quiros’ attorney, “but we’re hopeful that we can resolve it before we have to do too much more litigating.”
Source: https://vtdigger.org/2017/07/03/quiros-fraud-defenses-issue-settlement-talks-continue/
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