Investors Seek Win On Key Claims In EB-5 Policy Row
Law360, New York (April 4, 2016, 9:41 PM EDT) -- Two foreign nationals bringing a class action against U.S. Citizenship and Immigration Services over a rule requiring EB-5 applicants to prove their loans are secured by certain assets moved for a win on three claims in D.C. federal court on Thursday, arguing the rule is arbitrary and capricious.
Named plaintiffs Huashang Zhang and Masayuki Hagiwara, who are hoping to come to the U.S. using the EB-5 visa program, asked the federal court for summary judgment on claims related to the Administrative Procedure Act, including a claim that the so-called collateralization rule was arbitrary.
"At the heart of the collateralization rule is...
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