Vail Resorts Faces Potential Securities Fraud Probe Following Park City, UT, Patrol Strike

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Vail Resorts head office in Broomfield, CO. One of the nation's oldest and most respected law firms has launched an investigation into Vail Resorts for potential securities fraud or unlawful business practices.
Vail Resorts head office in Broomfield, CO.

One of the nation’s oldest and most respected law firms has launched an investigation into Vail Resorts for potential securities fraud or unlawful business practices. The probe follows a significant stock price drop following reports of an ongoing ski patrol strike at Utah’s Park City Mountain Resort.

In a press release dated January 14, 2025, Pomerantz LLP, a securities litigation and investor protection specialist, announced that it is investigating claims on behalf of Vail Resorts’s investors.

The investigation concerns whether Vail Resorts and its officers and directors have engaged in securities fraud or other unlawful business practices. It follows a class-action lawsuit filed against Vail Resorts, alleging the company failed to disclose the impact of a ski patrol strike at Park City Mountain during the peak holiday season, leaving thousands of skiers and snowboarders dissatisfied with their experience.

“This investigation concerns whether Vail Resorts, INC. and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

– Pomerantz LLP class action sign-up form

On January 2, 2025, Vail Resorts’ stock tumbled 6.56%, closing at $175.16 per share, a decrease of $12.29. This decline coincided with news of a continuing strike by 200 Park City Professional Ski Patrol Association members, which gained support from ski patrols at other Vail-owned resorts.

park city patrol negotiations with Vail Resorts
PCPSPA picket line | Photo: Supplied

Vail Resorts redeployed patrollers from its Breckenridge, Crested Butte, and Keystone properties to Park City during the peak holiday season to maintain operations. However, this move has raised concerns about workforce morale and guest safety across the company’s network of resorts.

The strike, which began on December 27, 2024, combined with low snow, forced Park City Mountain to operate with limited terrain and services, causing frustration among visitors during one of the busiest weeks of the ski season. The union demanded better wages and benefits and sought a $2 per-hour raise from $21 to $23 base wage, arguing that current wages were insufficient for living in an expensive mountain town. Vail Resorts asserted that it had invested significantly in its patrol staff, citing a more than 50% wage increase over the past four seasons.

After almost two weeks on strike, the union and Vail Resorts reached an agreement.

Investors worried about the potential long-term impacts of the labor dispute on Vail Resorts’ operations and financial performance are encouraged to contact Pomerantz LLP. The law firm, known for its expertise in securities litigation, investigates whether the company’s actions constitute a breach of fiduciary duty or violate securities laws.

Vail Resorts investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

SnowBrains has reached out to Vail Resorts for comments and will let you know when necessary.

Man skiing in his finest business attire at one of Vail’s Resorts. Photo: Andrew Taylor. Skier: Christopher J Lee
Posted by SnowBrains |

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