
Closure has finally been achieved with a settlement finally reached between the class-action plaintiffs and USCIS. The investors and family members who have been in immigration limbo for the past decade plus have finally found certainty and an old, and unfortunate, chapter of the EB-5 Program has been closed. This is welcome news to the industry. The unresolved pending litigation did not reflect well on the U.S. immigration and court system.
More details and analysis of this development will be forthcoming in a future edition of our quarterly magazine. In the meantime, please click the link below to read the full terms of the settlement.