Law360 (April 27, 2021, 11:05 PM EDT) — People’s United Bank NA will pay $1.75 million to end investor claims that the bank misappropriated their funds for the Jay Peak Ski Resort project in Vermont, the court-appointed receiver has told a Florida federal court.In a bid for approval of the settlement, receiver Michael I. Goldberg said that after attorney fees, the proposed class of investors would pull in nearly $1.2 million.”These funds will provide the receivership estate with much-needed liquidity in order to meet off-season difficulties facing the Jay Peak Resort and the Burke Mountain Hotel, all of which have been exacerbated by the COVID-19 virus and…

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