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Jay Peak Sale Process ‘Ground to a Halt’ Due to Covid-19
The coronavirus pandemic is delaying the sale of the Jay Peak ski resort, with the man in charge of overseeing that process not sure when it will move forward again.
Michael Goldberg, a court-appointed receiver managing the ski resort and others assets at the center of a massive alleged investor fraud scandal, wrote in an update filed in court this week that the process of selling the resort “has ground to a halt” amid the Covid-19 crisis.
“The Receiver is hopeful it will begin again once business returns to normal,” Goldberg wrote in the filing.
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