Michael Goldberg at a Statehouse news conference in April.
Lawyers with a stake in the massive fraud case involving Northeast Kingdom projects have revised their proposal for divvying up $25 million in settlement proceeds after a judge raised concerns that the first plan had a big omission.
The group of attorneys will set aside about $1.35 million to cover six months’ worth of expenses for the court-appointed receiver overseeing the properties at the heart of the alleged “Ponzi-like” scheme.
Initially, the attorneys representing investors had sought to divvy up the $25 million among themselves. However, after federal Judge Darrin P. Gayles pointed out that none of the receiver’s legal bills were covered, the latest proposal does just that.
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