Businessman drops appeal for $ 32.5 million investor deal in Vt. Resort

Law360 (September 7, 2021, 4:04 p.m. EDT) – A Miami businessman accused of stealing $ 50 million from immigrant investors in Vermont’s Jay Peak ski resort drops his appeal of a recently approved settlement with the law firm Mitchell Silberberg & Knupp LLP which is expected to pay its alleged victims more than $ 30 million, according to his lawyer.

U.S. District Judge Darrin P. Gayles in Miami on Monday issued a paperless order demanding that the alleged mastermind of the fraud, Ariel Quiros, post a $ 250,000 bond if he wanted to appeal the settlement’s approval by the district court before the Eleventh Circuit, but Quiros’ lawyer said on Tuesday that his client had already submitted …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Source link

Texecutions

Main Menu

Businessman drops appeal for $ 32.5 million investor deal in Vt. Resort

Stay one step ahead

Leave a reply Cancel reply