SD Supreme Court: EB-5 Investors Can't Sue State Agencies Or Contractor
Thirty-five Chinese nationals who lost millions when the EB-5 immigrant investment program went bankrupt can't sue South Dakota state agencies.
That's the decision of the South Dakota Supreme Court, issued Thursday, June 25.
A lower court dismissed the lawsuit because state agencies involved in running the investment program did not waive sovereign immunity.
The high court affirms that decision.
SDPB's Victoria Wicks has more.