SEC Gets Injunction Against Ski Resort And CEO In EB-5 Suit
Law360, Los Angeles (April 21, 2016, 8:17 PM EDT) -- A Florida federal judge Thursday barred a Vermont ski resort CEO, who the U.S. Securities and Exchange Commission is accusing of helping misappropriate $350 million in investments obtained under the EB-5 immigrant investor program, from committing securities violations, amid a fight by the resort’s owner over a $200 million asset freeze.
U.S. District Judge Darrin P. Gayles granted an unopposed motion for a preliminary injunction against Jay Peak Inc. CEO William Stenger, enjoining him from violating securities laws or participating in the EB-5 program, which rewards job-creating investments in the U.S.
In a separate order, the judge also enjoined Jay Peak...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!