State of Vermont Reaches Global Settlement to Obtain Bar Order in EB-5 Cases
The State of Vermont, 64 individual plaintiffs who have sued the State, and the federal receiver for Jay Peak, Inc., et al., have reached an agreement to settle all pending and potential lawsuits against the State related to the eight Jay Peak EB-5 projects. The settlement agreement is conditioned upon entry of a bar order, which must be approved by the court overseeing the Jay Peak receivership before the settlement is finalized.