An attorney for a court-appointed receiver overseeing two northern Vermont ski areas is seeking to prevent a delay in a lawsuit against Jay Peak owner Ariel Quiros, his former brokerage firm and his past broker.
“The process to recover the diverted funds simply cannot wait,” attorney Stephanie Reed Traband wrote in a recent filing.
Traband represents Michael Goldberg, appointed by a federal judge in April to the post of receiver for several properties after the filing of state and federal lawsuits accusing Quiros of investor fraud in development projects he headed. The properties include Jay Peak and Burke Mountain resorts. by theU.S. Securities and Exchange Commissionfor a preliminary injunction against Quiros, freezing his assets and prohibiting him from dealing in securities.