The Vermont Supreme Court has ruled that Stowe attorney Russell Barr can pursue his quest to help a group of EB-5 investors to regain some of the money they lost in the fraud at Jay Peak.
The state wants to settle that claim for more than $2 million, of which the investors would get zero.
Barr filed a motion in May in Washington County Superior Court to intervene in a lawsuit brought by the state more than two years ago against Jay Peak’s former owner Ariel Quiros and his past business partner Bill Stenger, who had been the resort’s CEO and president.
Barr contends he is in better position than the state to represent the investors defrauded by the two developers.
- State of Vermont vs Bill Stenger & Ariel Quiros
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Ariel Quiros & Bill Stenger
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