Judge Grants Final Approval of Vail Resorts’ $13.1-Million Offer to Settle Labor Law Violations Lawsuit Vail Resorts will pay $13.1 million to settle five wage and labor lawsuits brought against the company in California for claims of labor law violations. Preliminary approval of the $13.1 million deal was given in March 2022, and on Friday 19th August, 2022, Judge Michael McLaughlin granted final approval of the settlement offer in court in South Lake Tahoe. The decision […] Industry News SnowBrains | August 22, 2022 0 Comments
Vail Resorts Offers $13.1-Million Settlement in Labor Law Violations Lawsuit Vail Resorts has offered a $13.1 million settlement to five wage and labor lawsuits filed in California over two years ago. The settlement could have implications for anyone who has worked for Vail Resorts in recent years. Related: Judge Grants Vail Resorts’ Motion to Delay in Lawsuit for Alleged Labor Law Violations The lawsuit, and a similar one filed in […] Industry News SnowBrains | January 20, 2022 0 Comments
Jay Peak, VT Owner Ariel Quiros Ordered to Repay $81.3 Million in International Fraud Case The U.S. Securities and Exchange Commission has reached a settlement with Jay Peak owner Ariel Quiros in the Jay Peak fraud case, holding him liable for paying back $81.3 million and fining him an additional $1 million, reports Burlingtonfreepress.com. He will avoid jail time though. Quiros, along with partner Bill Stenger, was accused by the SEC in April 2016 of perpetrating a […] Industry News Steven Agar | February 8, 2018 1 Comment
Jay Peak, VT Receiver Reaches $13.3 Million Settlement To Keep Jay Peak Afloat… Back in April 2016, the Securities and Exchange Commission announced fraud charges and an asset freeze against a Vermont-based Jay Peak ski resort and related businesses allegedly misusing millions of dollars raised through investments solicited under the EB-5 Immigrant Investor Program. (Snowbrains has already published it here ) State of Vermont and SEC officials each filed civil lawsuits against resort co-owners Bill Stenger and Ariel […] Claire Weiss | September 22, 2016 0 Comments
$500 Million Homewood Project Moves Forward | Groundbreaking in Spring 2015 Environmentalist were able to get a judge to block Homewood, CA ski resort’s major development one year ago. The judge blocked the development stating that the environmental impact statement needed revision. Since that blockage, the environmental impact statement has been revised and the development plan has been slightly […] SnowBrains | February 4, 2014 5 Comments
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