FREE Sign upLogin

Chinese investors vs The Bancorp Bank

 Views: 405

PlaintiffsDefendants

Preview china
Chinese investors

Jinhong Wang, Zuoyang Wang, Jianfa Xie, Pingning Guo, Tao Zhang, Ye Tian, Lie Lin, Xia Cao, Lin Ma, Tong Wang, Pengxiang Ni, Chunyan Xu, Rui Wang, yi Liu, Yuesheng Qin, jianfeng Huang

vs.

Preview ban
The Bancorp Bank

Las Olas Mezzanine Borrower LLC, Ray Parello, Ken Bernstein, Jack Kessler, Eugene Kessler and Ocean Hotel Lender LLC

Filing Date:July 16, 2018

Case:550 Seabreeze Development LLC vs. Las Olas Mezzanine Borrower LLC

Jurisdiction:Federal District Court for the Southern District of Florida

Status:Pending

Civil / Criminal:Civil

Cause(s) of Action:

Breach of Contract

Related to:

Preview ban
The Bancorp Bank

vs.

550 Seabreeze Development LLC and JAWOF 515 Seabreeze, LLC

Description:

The EB-5 creditors bring this adversary proceeding to recover money damages against the parent company of the Debtor, Mezzanine Borrower, and the principals of Mezzanine Borrower, Parello, Bernstein, J. Kessler, and E. Kesskler (collectively, "Developer Group") and Bancorp for their fraudulent scheme to include the EB-5 Creditors to each invest $500,000 in the Seabreeze project. Bancopr's interest in the Seabreeze project, a claim secured by real and personal property of the Debtor, has been assigned to OHL. Therefore, the EB-5 Creditors being an equitable subordinate claim against OHL, as successor to Bancorp, to subordinate OHL's claims in the Debtor's estate to the claims of the EB-5 Creditors based on the following conduct of Bancorp prior to the assignment of its secured claim to OHL: (a) at a time when Bancorp was in control of the Debtor and, therefore, was an insider of the Deboter, it engaged in unfair and inequitable conduct in connection with representations made to the EB-5 Creditors that caused harm to the EB-5 Creditors to the extent of their claims in the Debtor's estate; or (b) Bancorp engaged in egregious conduct by defrauding the EB-5 Creditors that caused harm to the EB-5 Creditors to the extent of their claims in the Debtor's estate. The EB-5 Creditors also seek to eqitably subordinate the claims of the Developer Group.

Files
Jul
21
2018

Complaint and objections to proofs of claim

Complaint_and_Objections_to_Proof__of_Claim.pdf
Attorneys, Regional Centers and Firms
Reid & Wise LLCLevine Kellogg Lehman Schneider + Grossman LLPJeffrey C. SchneiderMarcelo Diaz-CortesThomas R. LehmanMatthew SavaHan LiangFlorida Overseas Investment Center RCEB-5 For Florida Regional Center

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.