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Dou, et al. v. Carillon Tower/Chicago LP et al.

  1. May 22, 2024

    EB-5 Investors Say Developers' $150K Shouldn't Go To Attys

    Chinese investors looking to recoup a nearly $40 million investment in failed developments urged an Illinois federal court against allowing bankrupt developers to use $150,000 in assets to pay the developers' attorneys, saying the lawyers shouldn't be paid before the investors.

  2. February 20, 2024

    Developers Deny 'Shell Game' Amid Push For More Sanctions

    Real estate developers facing potential imprisonment over their failure to pay EB-5 investors at least $26 million in settlement and sanction judgments have told an Illinois federal court their money is not hidden in a "shell game" but rather tied up in receivership proceedings the investors already know about.

  3. February 14, 2024

    Investors Urge Prison As Developers Seek More Briefing Time

    Two real estate developers on Wednesday asked for more time to respond to EB-5 investors' request that they be imprisoned for hiding their money instead of paying overdue settlements and sanctions judgments, telling an Illinois federal judge their attorney wrote down the court's deadline incorrectly.

  4. January 30, 2024

    EB-5 Investors Can Probe Atty Accounts In Settlement Search

    Chinese investors looking to collect long-overdue settlement and sanctions judgments in a fraud case can probe the bank accounts for attorneys representing two real estate developers accused of constantly shifting their assets to avoid paying up, an Illinois federal judge said Tuesday.

  5. January 25, 2024

    Investors Call Prison 'The Only Solution' For Collection Bid

    EB-5 investors who've been chasing settlement and sanction judgments for years in an Illinois federal fraud case are arguing that imprisonment "is the only bullet left in the court's gun" against real estate developers who've consistently played "a shell game" to avoid paying up.

  6. October 18, 2023

    EB-5 Investors Can't Hit TD Bank In Settlement Collection Bid

    Chinese investors who've been trying to collect a two-years-overdue EB-5 development fraud settlement cannot step into the developers' shoes to sue TD Bank as part of their efforts because the investor-visa applicants haven't explained why they're entitled to do so, a federal magistrate judge in Illinois said Wednesday.

  7. October 10, 2023

    EB-5 Investors Turn Court's Eyes To Failed Project's Ch. 11

    A class of Chinese investors told an Illinois federal court that intervention is needed to ensure the men behind two EB-5 projects gone wrong don't use bankruptcy proceedings to skirt a judgment owed to investors in a planned Chicago skyscraper project.

  8. April 07, 2023

    Atty In Ill. EB-5 Development Settlement May Face Sanctions

    An attorney for EB-5 developers might have to answer before an Illinois federal court as to why he shouldn't be sanctioned for alleged misrepresentations in 2021 that the roughly $28 million in class settlement funds owed to Chinese investors was en route.

  9. February 28, 2023

    Tap Developers' Assets To Pay Judgment, EB-5 Investors Say

    A class of Chinese investors in a Chicago skyscraper project hung out to dry by EB-5 developers asked an Illinois federal judge to draw on income, property and other assets hidden under family members' names to pay off the $29.1 million that developers owe.

  10. February 09, 2023

    Ill. Judge Urges Progress After EB-5 Deal Payment Flub

    An Illinois federal judge overseeing a drawn-out fraud suit between a class of Chinese investors and embattled real estate developers urged the parties Thursday to keep the case high on their priority list as they prepare to continue asset citation proceedings because "everybody's had enough."

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