Moses Choi v. 8th Bridge Capital, Inc.

I. INTRODUCTION

A. Plaintiffs Initiate this Action Plaintiffs Moses Choi (“Choi”) and Southeast Regional Center, LLC (“SRC”) (collectively, “plaintiffs”) filed this action on December 13, 2017, against defendants 8th Bridge Capital, Inc. (“8th Bridge”); 8th Bridge Capital, LLC; Manhattan Real Estate Fund GP, LLC: Manhattan Real Estate Fund, LP: Manhattan Real Estate Fund IT, LP; Manhattan Real Estate Equity Fund, LP; Patrick Jongwon Chang (“Chang”); and Young Hun Kim (“Kim’’) (collectively, “defendants”). Dkt. 1. The gravamen of plaintiffs’ claims is that Kim and his wholly-owned company, 8th Bridge, breached a joint venture agreement with Choi and SRC, Choi’s company, regarding the marketing of federally-approved projects to foreign investors pursuant to the United States Citizen and Immigration Service’s EB-5 immigrant visa program. See generally id. Plaintiffs filed a first amended complaint against defendants on December 22, 2018. Dkt. 8 (“FAC”). The FAC asserts the following sixteen claims for relief: (1) declaratory judgment; (2) breach of joint venture partnership agreement: (3) enforcement of rights under the Revised Uniform Partnership Act…