Hudson Yards EB-5 investors demand inspection of developer’s financial records

  • Written by GCBI Team Posted on July 31, 2020 | Updated on July 31, 2020 | 1 min read

􏰙􏰢􏰋􏰒􏰏􏰐Fearing a “perpetual state of non-payment,” Chinese investors, led by the always-quotable lawyer Doug Litowitz, are demanding developer Related Companies share its financial records. The developer of the largest EB-5 project ever halted discretionary payments to investors in June due to COVID-19. Related is enduring many troubles at the moment, including the departure of their Hudson Yards anchor tenant, Neiman Marcus.

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