Daccache v. Raymond James Financial, Inc. et al
Case Number:
1:16-cv-21575
Court:
Nature of Suit:
Racketeer/Corrupt Organization
Judge:
Firms
- Bennett Aiello
- Berman Tabacco
- Gibbs Law Group
- Girard Sharp
- GrayRobinson
- Kasowitz Benson
- Kenny Nachwalter
- Kluger Kaplan
- Kozyak Tropin
- Leon Cosgrove
- Mitchell Silberberg
- Sallah Astarita
Companies
Sectors & Industries:
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May 16, 2018
EB-5 Investor Suit Against Jay Peak Owner Dismissed
A Florida federal judge 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.
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January 16, 2018
Jay Peak Investor Suit Stayed Pending Related Settlements
A Florida federal judge on Tuesday stayed 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, as Quiros' attorneys indicated two pending related settlements could impact the suit.
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April 13, 2017
Raymond James To Pay Investors $150M Over Jay Peak Fraud
Raymond James & Associates Inc. announced a $150 million settlement agreement Thursday in a suit accusing two Vermont ski resorts of misappropriating the bulk of $350 million obtained through the EB-5 immigrant investor program, a deal the parties said would facilitate project completion or the return of funds.
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December 09, 2016
Raymond James Blasts Atty For Needing 'Tutorial' In EB-5 Suit
Raymond James & Associates told a Florida federal judge Thursday that it opposed a motion to compel documents in a $400 million investor EB-5 visa lawsuit accusing Vermont ski resorts Jay Peak and Q Burke of misappropriating funds, saying the investors’ attorney admitted to not understanding the documents she’d requested.
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November 29, 2016
Raymond James Accused Of Stonewalling In $400M EB-5 Suit
Investors in a $400 million EB-5 visa lawsuit accusing Vermont ski resorts Jay Peak and Q Burke of stealing and misusing funds once again on Monday demanded that Raymond James & Associates Inc. reveal information it has allegedly held back in the case.
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November 05, 2016
Bank Doubles Down On Bid To Escape $400M EB-5 Suit
People's United Bank on Friday continued to try to escape a $400 million suit claiming it wrongly released funds from investors in projects at a ski resort who hoped to obtain visas through the EB-5 program, arguing the court is barred from exercising jurisdiction over it.
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October 26, 2016
People's United Bank Can't Duck $400M EB-5 Suit: Investors
Investors in a $400 million EB-5 visa suit accusing Vermont ski resorts Jay Peak and Q Burke of stealing and misusing funds alleged Tuesday in Florida federal court that People's United Bank knowingly participated in the fraudulent scheme.
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October 12, 2016
Raymond James Accused Of Holding Back Jay Peak Docs
The EB-5 visa program investors suing the owner of Vermont ski resort Jay Peak over $200 million in allegedly misused and stolen funds asked a Florida federal court Tuesday to compel discovery from financial services company Raymond James & Associates, claiming among other things that the company has refused to search its records for use of the term "Ponzi."
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October 06, 2016
Investors Slam Raymond James In $400M Jay Peak EB-5 Suit
EB-5 visa program investors suing the owner of Vermont ski resort Jay Peak over allegedly misused and stolen funds urged a Florida federal court Thursday not to dismiss claims against financial services company Raymond James & Associates Inc., saying the company knew the Jay Peak owner had no authority to use investor funds as he did.
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October 03, 2016
Jay Peak Owner Denies Running EB-5 Ponzi Scheme
The owner of Vermont ski resort Jay Peak asked Florida federal court on Friday to dismiss a proposed class action seeking to recover funds obtained under the EB-5 immigrant investor program that were allegedly misused and stolen, saying he has been unfairly and inaccurately accused of running a Ponzi scheme.