Chinese Investors Get Class Cert. In $50M Project Fraud Suit

Law360 (September 12, 2019, 2:49 PM EDT) -- An Illinois federal judge on Wednesday granted class certification to a group of Chinese investors who claim they poured about $50 million into a Chicago real estate project as a path to a green card, only to find out nothing was ever built.

U.S. District Judge Charles P. Kocoras said the investors satisfied all requirements for certification, saying the lawsuit was brought by a proposed class of 89 individuals, all of whom have paid $550,000 into the real estate deal and all of whom allege that Tizi LLC, doing business as the Local Government Regional Center, and its partners breached the...

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