Investment Recovery Capital, Inc. v. Motcomb Estates, Ltd. et al
Case Number:
2:23-cv-01452
Court:
Nature of Suit:
Judge:
Firms
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January 24, 2024
EB-5 Investors Drop Suit Over $2.5B LA Hotel Takeover
A California federal court has signed off on a joint request by EB-5 investors and affiliates of billionaire businessmen David and Simon Reuben to ax claims the brothers purposely tanked the $2.5 billion redevelopment of a Los Angeles hotel, days after a New York state court tossed a junior mezzanine lender's related claims.
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January 10, 2024
Reuben Brothers Say EB-5 Hotel Loan Suit Is A Duplicate
Billionaire brothers David and Simon Reuben told a California federal court that a suit from a group of foreign investors is duplicative of an EB-5 regional center's separate attempt to recoup their $91.5 million investment in a hotel project.
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December 04, 2023
EB-5 Investors Say Reuben Bros. Dismissal Bid Is Flawed
A group of foreign EB-5 investors asked a California federal judge to keep their case alive against billionaire businessmen David and Simon Reuben for allegedly losing their money in a Los Angeles hotel redevelopment, saying the brothers' argument for dismissing the case rests on a flawed analysis of a U.S. Supreme Court decision.
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September 29, 2023
Reuben Bros Say EB-5 Hotel Suit Is A Duplicate
David and Simon Reuben urged a California federal court to toss EB-5 investors' allegations that the brothers purposely tanked the $2.5 million redevelopment of a Los Angeles hotel, saying the entity that pooled their investments has already filed near-identical allegations.
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March 01, 2023
EB-5 Investors Sue Billionaires Over $2.5B LA Hotel Project
A group of foreign investors who paid $91.5 million into the redevelopment of the Century Plaza Hotel in Los Angeles is suing billionaire businessmen David and Simon Reuben, alleging they intentionally saddled the project with exorbitant debt in order to enrich themselves and lost all the investors' money now that the project is in financial straits.