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ARTICLE · 22 OCTOBER 2020

Successful Litigation Challenging USCIS Interpretation Of Guaranteed Redemptions

The Klasko Litigation Team, led by Ron Klasko and Dan Lundy, successfully litigated a case in federal court with far reaching implications to EB-5 investors and project developers.

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The Klasko Litigation Team, led by Ron Klasko and Dan Lundy, successfully litigated a case in federal court with far reaching implications to EB-5 investors and project developers.

This blog explains the significance of the firm's victory in Mirror Lake Village, LLC v. Wolf, including a discussion of the facts of the Mirror Lake investment, the language of the court's decision and the significance of the decision to transactions in the EB-5 context.

On August 21, 2020 Judge Merrick Garland issued an Opinion on behalf of the US Court of Appeals for the DC Circuit in the case of Mirror Lake Village, LLC v. Wolf. This case that Dan Lundy and I litigated in the District Court and ultimately the Circuit Court of Appeals is a pathbreaking decision with significant impact on EB-5 transactions and petitions for a number of reasons. These reasons include:

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