A Florida federal judge denied a request by Jay Peak resort owner Ariel Quiros’ former attorneys to intervene in a $350 million EB-5 visa suit against Quiros, finding Thursday it would not be proper for the nonparties to voice their concerns in the case.
U.S. District Judge Darrin P. Gayles’ three-sentence order came just a few hours after both theU.S. Securities and Exchange Commission and Quiros’ current counsel asked the judge to deny the intervention.
Quiros’ former lawyers had sought the clarification or modification of an asset freeze to ensure that the resort owner’s receipt of proceeds from an insurance policy to pay attorneys' fees did not violate the freeze. In a Thursday response, the SEC claimed that the former lawyers had withdrawn their motion addressing that issue while they were still representing Quiros, meaning they could not go back now. At this point, it seemed that the former attorneys were looking to have the court authorize a payment to them under the insurance policy, which was improper given the fact they are not parties to the suit, the agency argued.
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