Mason Floyd, Leigh Roadman, and Matt Ruza, with significant support from Lori Stephens, recently obtained complete dismissal of an action against two clients, former owners of an EB-5 Regional Center, in the Southern District of Ohio. Under the EB-5 program, established by Congress, immigrants who invest $500,000 of capital into an approved project, receive conditional permanent resident status in the United States. After two years, if the immigrants have satisfied the program’s conditions, they will obtain their green cards. Plaintiffs, ten Chinese nationals, alleged that Defendants procured their investments through fraud, misrepresentation and deception and sought not less than $5,000,000. The Complaint alleged ten counts against Defendants. The Court dismissed plaintiffs’ federal securities laws claims with prejudice and denied their request to replead. The Court also declined to exercise supplemental jurisdiction over the remaining counts and entered judgment in favor of Defendants.
Mason N. FloydMason Floyd Clark Hill
Mason N. Floyd
Mason N. Floyd is a Member in the Litigation Practice Group in Clark Hill's Chicago office. Mason has extensive experience in both state and federal courts representing plaintiffs and defendants in complex commercial litigation matters. His concentration is on banking law, fraud, breach of fiduciary duty, professional responsibility and False Claims Act litigation. He regularly handles matters seeking temporary restraining order and preliminary injunctive relief. Mason has substantial experience litigating non-compete agreements and restrictive covenants.
Mason also represents individuals and entities in federal criminal investigations and prosecutions involving various federal and state agencies including the Department of Justice, IRS, SEC, FBI, FDIC and HHS, among others.
Mason has been recognized by Illinois Super Lawyers as a "Rising Star" in White Collar Criminal Defense Litigation for 2014, 2015, 2016 and 2017, and was named "Emerging Lawyer" by Leading Lawyers in Commercial Litigation for 2015.