Live in America – New York Regional Center vs U.S. Citizenship and Immigration Services

Filing Date:November 11, 2016

Case:Live in America – New York Regional Center LLC Vs United States Citizenship and Immigration Services

Jurisdiction:Federal District Court for the Southern District of New York

Status:Pending

Civil / Criminal:Civil

Securities Violations

Plaintiff, Live in America – New York Regional Center LLC (“the “Regional Center” or “LIANYRC”), is a U.S. company, previously designated as an approved regional center by the United States Citizenship and Immigration Services (USCIS) for the purposes of facilitating foreign investment under the U.S. EB-5 Program, which allows certain foreign investors to qualify for an immigrant visa based on their investment into a new commercial enterprise in the U.S., provided that their investment results in the creation of at least 10 new jobs for U.S. workers. LIANYRC has applied for an amendment to its approved regional center designation in order to include a mixed-use development project in lower Manhattan that is expected to create approximately 6,409 jobs for U.S. workers, known as the One Wall Street project (the “Project”), as a USCIS-approved project. The Regional Center’s application for approval has been delayed beyond USCIS’ published processing times, to the detriment of the Regional Center, potential investors, and the Project. The Regional Center and the Project face harm from the ongoing uncertainty about the status Case 1:16-cv-09047-LGS Document 1 Filed 11/21/16 of the Project as a result of the USCIS’ delay in processing it’s regional center application for amendment to its approved regional center designation in order to include the Project. The delay is also harmful to the goals of the EB-5 program, namely promoting domestic job creation through foreign investment into the United States.