TOP LITIGATION AT TORNEYS
RUSSELL C. WEIGEL, III
INVESTMENTATTORNEYS | PRESIDENT
Author of “Capital for Keeps,” a
capital raise planning book for
entrepreneurs, Russell C. Weigel,
III, is a securities attorney and
lecturer on private placements
and other securities law issues. Weigel worked for the SEC’s
Division of Enforcement for more than 10 years, having served in
investigative, litigation and management capacities. Weigel’s law
firm, InvestmentAttorneys, specializes in securities law, including
the preparation of EB-5 transactional documents and the litigation
of EB-5-related securities claims. Weigel earned his B.A. from
Vanderbilt University and his J.D. from the University of Miami
School of Law in 1989. Weigel is AV rated by Martindale-Hubbell.
WHAT TRENDS ARE YOU SEEING
WHEN IT COMES TO EB-5 LITIGATION?
In 2018 I am starting to see investors in EB-5 projects suing the
project developer without there having been a government
lawsuit filed. In the past, investors were not organized or
informed, and if they sued it was usually after a government
action had been brought against the promoter of the EB-5
investment opportunity. The sophistication of the EB-5 investor
has increased in recent years, which has pressured deal
promotors to present better designed redeployment and exit
strategies and more competitive returns-on-investment.
However, older deals are at greater risk of being reviewed by
investors who are now better educated.
WHY DID YOU GET INVOLVED
IN THE EB-5 INDUSTRY AND
WHAT DO YOU HOPE TO ACHIEVE?
The EB-5 industry is attractive because it can present a perfect
storm: a wealthy foreign investor who may not have investment
experience or U.S. legal system knowledge, developers in need
of capital who have never before raised capital from equity
investors, and a two-tier system of securities regulation that has
hundreds of statutes and regulations to be mindful of, important
gray areas where the regulations are silent, and harsh
consequences (including substantial jail time) for purported
wrongdoers. Making the USA a safer place to do business and
invest and keeping the government out of my clients’ affairs are
my objectives.
Regional Centers Across the Country
Regional centers in 35 states
Approved States
I-526 peeeons
I-829 peeeons
Insurance for I-526 Approval
(EB-5 capital will be refunded
if I-526 is not approved)
The Wave Apartments
Seattle WA
EB5 Coast to Coast LLC
58
EB5 INVESTORS M AGAZINE
Steve Smith, President
(206) 214-8882
[email protected]