LexisNexis® Legal Newsroom
EB-5 Lawsuit Filed in California: Carlsson v. USCIS

"Eighteen immigrants claim in court that the United States improperly denied them residency after they spent $11.5 million to create jobs for almost 300 Americans. The 18 plaintiffs say they joined together to create a limited partnership that raised nearly $12 million to renovate unused office...

SEC Sues Chicago EB-5 Regional Center, Anshoo Sethi: Massive Fraud Alleged

"The Securities and Exchange Commission today announced charges and an asset freeze against an individual living in Illinois and two companies behind an investment scheme defrauding foreign investors seeking profitable returns and a legal path to U.S. residency through a federal visa program."...

Ex-NBA Player, Others Want $45M EB-5 Suit Axed - Law360

"Former NBA forward Theo Ratliff and various entertainment-related companies urged a Georgia federal judge on Friday to toss a $45 million lawsuit brought by a Georgia-based production studio alleging that it was pushed out of a lucrative funding opportunity with the EB-5 immigrant investor program...

Homeland Security Facing Suit Over EB-5 Investor Visa Denials

From Law360, May 5, 2015 - "American Logistics International LLC filed suit in D.C. federal court on Monday against the Department of Homeland Security, alleging that the agency has capriciously chosen to deny EB-5 investor visas to more than a dozen U.S. resident aliens. The Carson, California...

Expert: EB-5 Lawsuit Unusual

"A recent suit alleging that some EB-5 applications were improperly delayed based on a regional center's ties to Iran may be a harbinger of increased litigation over the program, spurred by growing scrutiny of the visa category and a policy landscape that is problematic for immigrant investors...

EB-5 Class Action Lawsuit Filed: Zhang v. USCIS (Cash is Cash)

"This is a putative class action brought by immigrant investors who sought and were unlawfully denied the chance to immigrate to the United States pursuant to 8 U.S.C. § 1153(b)(5), known as the “Immigrant Investor Law” or “EB-5 Program.” ... Despite Plaintiffs’...

SEC Granted TRO in Wa. EB-5 Regional Center Lawsuit: SEC v. Path America

Here is a link to a PDF combining the Complaint (pages 1-17) and the TRO (pages 18-27) issued Aug. 24, 2015 in SEC v. Path America, No. 2:15-cv-01350-JLR, W.D. Wa. Excerpts: "Since February 2012, defendants Lobsang Dargey; Path America, LLC; Path America SnoCo LLC; Path America Farmer’s...