Investor Immigrants File Class Action Over New EB-5 Rules

By Vin Gurrieri (June 24, 2015, 4:06 PM EDT) -- Two potential immigrant investors filed a proposed class action in D.C. federal court Tuesday accusing U.S. immigration authorities of improperly denying their visa applications under the EB-5 program by retroactively applying a new, more stringent collateralization standard to their investment.

Huashan Zhang and Masayuki Hagiwara contend that even though they complied with capital investment requirements under the EB-5 Immigrant Investor Program, U.S. Citizenship and Immigration Services still denied their bids for green cards on the sole basis that the cash they invested was obtained through loans and therefore represented indebtedness, which didn't qualify as capital.

USCIS, they say, changed its policy...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!