EB-5 Program May Prove Fertile Ground For Lawsuits
Law360, New York (May 11, 2015, 8:00 PM EDT) -- 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, attorneys say.
In a case filed last Monday in Washington, D.C., district court, California-based immigrant investor regional center American Logistics International LLC claimed U.S. Citizenship and Immigration Services has incorrectly delayed or denied a slew of investor petitions.
Although the agency allegedly denied the EB-5 petitions based on an “incorrect” finding that the investor...
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