Bill Stenger, the president of Jay Peak Resorts and one of those named in a civil suit filed by the Securities and Exchange Commission (SEC) in U.S. District Court in Miami, Florida, has asked for time to complete settlement talks in the case.
His lawyer filed a motion on June 27 asking that the date set for his response to the SEC be pushed back to August 19. It was the second such request Mr. Stenger has made. He also asked for a postponement a month earlier.
In making the request, Mr. Stenger’s lawyers, Stephanie Casey and Robert Martinez, said he and the SEC “are currently in the midst of serious, detailed settlement discussions.”
Ms. Casey and Mr. Martinez said neither the SEC nor Michael Goldberg, the court-appointed receiver who has been running Jay Peak and Burke Mountain Resorts since April, object to his request