Jay Peak

Judge OKs $13.3 Million Jay Peak Settlement With Citibank

A federal judge has approved a $13.3 million settlement between a court-appointed receiver overseeing properties at the center of the largest alleged fraud case in the state’s history and a bank for one of the accused developers. “The settlement agreement was entered into in good faith, is at arm’s length, and is not collusive,” Judge Darrin P. Gayles wrote on Tuesday, after accepting the …