Wen et al v. New York City Regional Center, LLC
Case Number:
1:22-cv-07383
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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September 28, 2023
EB-5 Investors Should've Understood Deal Terms, Judge Says
A New York federal judge on Thursday tossed a $57 million suit filed by Chinese investors who accused an EB-5 regional center of misleading them about a multimillion-dollar redevelopment project for a New York City bus station.
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January 18, 2023
NY EB-5 Center Again Rebuts Investors' Fraud Claims
A New York regional investment entity suggested that Chinese investors in a bus station renovation project were not candid when they asserted they didn't understand documents they signed to invest in the project a decade ago.
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December 12, 2022
Investors Say NY EB-5 Center Misled Them From The Start
Chinese investors accusing an EB-5 regional center of defrauding them of $57 million are fighting to keep their lawsuit alive, telling a New York federal court to deny the center's "absurd" motion to dismiss because they were owed a fiduciary duty, not just U.S. green cards.
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November 01, 2022
EB-5 Center Says Investors Got What They Signed Up For
A New York regional EB-5 center hit back at a lawsuit alleging it defrauded more than 100 Chinese investors of $57 million, saying the investors "knowingly assumed" their risks and were ultimately able to apply for the U.S. green cards they wanted.
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August 30, 2022
Chinese Investors Say Regional Center Hid Growing Obstacles
Chinese investors filed suit against an EB-5 regional center in New York federal court, alleging the center misled investors backing a project to renovate part of the George Washington Bridge Bus Station and squandered their funds to the tune of $57 million.