Court battle over failed River North high-rise heats up: Chinese investors put up $50 million, expecting to get a 60-story condo-hotel tower and U.S. visas in return. They got neither, and the developers haven't given their money back.

Autor:	Gallun, Alby (AUTHOR)
Předmět:	INVESTORS, TAX havens, CHINESE language, FORECLOSURE, VISAS, BUSINESS enterprises
Zdroj:	Crain's Chicago Business. 4/3/2023, Vol. 46 Issue 14, p1-1. 1p.
Abstrakt:	COURT FILING In a February 2022 court filing, Litowitz and Glenn Dunn, another attorney representing the investors, allege that the investors' money was diverted into "unauthorized accounts." Litowitz, the attorney for the Chicago investors, also represents the investors in the Hawaiian property suit, which was filed in U.S. district court in Chicago. Court battle over failed River North high-rise heats up: Chinese investors put up $50 million, expecting to get a 60-story condo-hotel tower and U.S. visas in return. [Extracted from the article]
Databáze:	Regional Business News
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