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Immigration Law

Expert: Jay Peak EB-5 Litigation 'Most Noteworty'

"Trouble at Jay Peak: SEC v. Ariel Quiros - The suit is perhaps the most high-profile case to date regarding the EB-5 visa program, which gives green cards to immigrants who invest $500,000 and create new jobs in the U.S. But the suit is far from the only controversy surrounding EB-5, as the SEC has also brought other suits over the program in Florida and Washington. “I think Jay Peak was the ... most noteworthy litigation in the EB-5 area, but there were several other cases that were brought,” said Stephen Yale-Loehr of Miller Mayer LLP, and a professor of immigration law practice at Cornell Law School. He pointed not only to the case involving the Pacific Proton regional center in California, but also suits from EB-5 investors themselves." - Law360, Dec. 16, 2016.