Florida judge allows EB-5 investor lawsuit against Harbourside developer Mastroianni to go forward

Sep 2nd, 2020

Though Mastroianni tried to have what he labeled a “sham suit” against him dismissed, a Florida judge thought otherwise; Chinese investors can move forward with their suit against the developer regarding a mixed-use commercial project in Jupiter, Florida. The investors claim the developer created a shell company as a senior lender that took over first repayment position —and allowed Mastroianni to avoid repaying $99.5 million of EB-5 capital back to the investors.

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