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Utah-based company wins auction to buy Jay Peak in Vermont
Law Firm News |
2022/09/08 19:57
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Utah-based Pacific Group Resorts, Inc., which owns five ski resorts, has won the auction to buy Jay Peak Resort, the Vermont ski area that was shaken by a massive fraud case involving its former owner and president.
The court-appointed receiver who has been overseeing Jay Peak for more than six years announced Thursday the results of Wednesday’s auction, with Pacific Group Resorts making the highest and best bid among the multiple bidders. The offer was not disclosed.
“We are pleased an experienced operating company like Pacific Group Resorts ended up with this great asset,” receiver Michael Goldberg said in a statement.
A federal court must approve the bid and a hearing is tentatively scheduled for Sept. 16, according to Goldberg. The sale is expected to close before the upcoming ski season, Goldberg said.
Pacific Groups Resorts, which owns Ragged Mountain Resort in New Hampshire and Powderhorn Mountain Resort in Colorado, as well as properties in British Columbia, Virginia, Maryland, had originally offered to buy Jay Peak for $58 million. Goldberg wanted to be able to continue to market the resort, and if there were qualified bids to hold an auction “in order to assure the highest and best offer,” according a court filing last month.
Vern Greco, PGRI’s president and CEO, said the company started pursuing the acquisition over three years ago.
“Jay has a high quality team of dedicated employees who have weathered the uncertainty of the receivership for a long time,” he said in a statement. “We look forward to bringing renewed stability to the property and its staff, we’re enthusiastic about the prospects for the resort, and we are delighted to be in Vermont which is an important market for any mountain resort operator.”
Former Jay Peak owner Ariel Quiros, former president William Stenger and Quiros’ adviser William Kelly were sentenced this spring to federal prison for their roles in a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors’ money raised through a special visa program.
The U.S. Securities and Exchange Commission and the state of Vermont also alleged in 2016 that Quiros and Stenger took part in a “massive eight-year fraudulent scheme” that involved misusing more than $200 million of about $400 million raised from foreign investors for various ski area developments through the same visa program.
They settled civil charges with the SEC, with Quiros surrendering more than $80 million in assets, including Jay Peak and Burke Mountain ski resorts.
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Judge rules teen was justified in shooting assailant 7 times
Law Firm News |
2022/08/23 16:30
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A Georgia judge has dismissed a murder charge against a teen after concluding that he was legally justified in shooting a man seven times in 2021 because the man was trying to kidnap him.
The Ledger-Enquirer of Columbus reports that Muscogee County Superior Court Judge John Martin dismissed charges Wednesday against the unnamed teen at the behest of prosecutors who concluded from witnesses and video footage that the boy had a right to defend himself to stop a forcible felony under Georgia’s “stand your ground” law.
The boy, then 16, shot and killed Iverson Gilyard in August 2021 at a Columbus park. The newspaper withheld the boy’s name because he was a juvenile and has now been cleared of charges.
The boy was indicted as an adult in February for murder, aggravated assault, and possessing a gun while committing a felony. But prosecutors later concluded that Gilyard was the primary aggressor, entering the park and hitting the boy over the head with a handgun three times as the boy tried to get away.
Assistant District Attorney Robin Anthony said Gilyard, 22, also threatened to shoot the teen, saying “I’m going to bust you in the kidney.” When parents at the park complained, Anthony said Gilyard told the teen to follow him, stuck the gun in his waistband, and said, “You’d better not run, either.” Anthony said when Gilyard turned to walk away, the teen took a gun from his backpack and shot Gilyard. The 22-year-old was shot seven times, four times in the back, his family has said.
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Federal horserace authority rules again blocked in 2 states
Law Firm News |
2022/08/11 18:02
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A national horse racing authority has again been blocked by a federal court from enforcing some of its rules in the states of Louisiana and West Virginia.
A north Louisiana federal judge last month had blocked the Horseracing Integrity and Safety Authority from enforcing its rules in the two states.
That ruling was put on hold last week by the 5th U.S. Circuit Court of Appeals. But a revised ruling this week from the New Orleans-based appeals court keeps some of the limits on enforcement in place.
Rules blocked under the latest court order deal with the authority’s access to racetrack records and facilities, the calculation of state fees paid to the authority, and definitions of which horses are covered by the regulations.
The appeals court on Wednesday set arguments in the case for Aug. 30.
State and racing officials in Louisiana and West Virginia had sued to prevent the rules from going into effect. |
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Probation for woman who wiped up blood after killing spouse
Law Firm News |
2022/08/08 02:37
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A Florida woman who was acquitted of murdering her husband, a prominent official at the University of Central Florida, was sentenced Friday to a year of probation for tampering with evidence.
A judge sentenced Danielle Redlick in state court in Orlando.
Last month, a jury acquitted Danielle Redlick of second-degree murder in the death of her husband, Michael Redlick. Danielle Redlick said she had killed her husband out out of self-defense during a fight inside their home in which he had tried to “smother her to death.”
Jurors found Danielle Redlick guilty of evidence tampering for cleaning up her husband’s blood after stabbing him. Detectives found a pile of bloody towels, a bloody mop, bloody footprints and the strong smell of bleach in the house. She spent three years in jail prior to the trial.
Michael Redlick was the director of external affairs and partnership relations for the DeVos Sport Business Management Program at the University of Central Florida. He had previously worked for the Indianapolis Motor Speedway, Cleveland Browns and Memphis Grizzlies.
Court records showed that the Redlicks had been going through a divorce before the case was dismissed from a lack of action by Danielle Redlick, who initiated the court proceeding.
In a divorce petition, Danielle Redlick said the marriage was “irretrievably broken” and she was asking for alimony because she said she was unable to support herself without assistance. She listed herself as an unemployed photographer and multimedia professional. |
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