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EB-5 Investor Suit Against Jay Peak Owner Dismissed

Law360 (May 16, 2018, 6:52 PM EDT) -- A Florida federal judge on Tuesday dismissed an investor class suit against Jay Peak ski resort owner Ariel Quiros over his alleged role in a $350 million EB-5 visa fraud suit, ruling that the investors don't have standing to bring the claims, which he said would allow them to "double dip" on recoveries.

U.S. District Judge Federico Moreno said that because the investors suing Quiros had failed to show they have a separate and distinct injury from other investors, they have no standing under Florida law...
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