TINGZI WANG vs U.S. Citizenship and Immigration Services

Views: 97

PlaintiffsDefendants

TINGZI WANG

vs.

Preview usccis
U.S. Citizenship and Immigration Services

Filing Date:January 31, 2019

Case:Tingzi wang Vs. United States Citizenship and Immigration Services et al.

Jurisdiction:Federal District Court for the District of Columbia

Status:Resolved

Civil / Criminal:Civil

Cause(s) of Action:

Breach of Contract

Description:

Plaintiff Tingzi Wang, a Chinese national, sought a visa for entry into the United States through the EB-5 Immigrant Investor Program, which grants legal resident status to qualified foreign nationals that invest capital in a new commercial enterprise. Wang applied for the visa based on his million-dollar investment in a Florida restaurant, for which he received an equity stake. Wang claimed that his investment was fully “at risk” as required by the EB-5 regulations. However, the United States Customs and Immigration Services (USCIS) denied his petition because his investment agreement included a guarantee that the other restaurant owners would purchase his stake whenever he wished to end his investment, thereby returning a portion of his capital to him. This sell option, USCIS concluded, eroded his capital contribution below the minimum amount required to be “at risk.” This case is about whether USCIS reached that determination lawfully. Before the Court are the parties’ cross-motions for summary judgment. For the reasons explained below, the Court will grant Defendants’ Amended Cross-Motion for WANG v. UNITED STATES CITIZENSHIP AND IMMIGRATION SERVICES et al.

Files
Apr
24
2019

MEMORANDUM OPINION in support of 33 Order granting Defendants' 26 Amended Cross-Motion for Summary

0.pdf

Back


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.