Corbrus, LLC v. 8th Bridge Capital, Inc.

I. INTRODUCTION

Plaintiff Corbrus, LLC (“Corbrus’”) filed this action against defendants Young Hun Kim (“Kim”), 8th Bridge Capital, Inc., and 8th Bridge Capital, LLC (collectively, the “8th Bridge defendants”); and defendants David Paz (“Paz”), Omnia Group, Ltd., and Omnia Properties, LLC (collectively, “the Paz defendants”); and a number of other defendants on November 30, 2019. Dkt. 1. On July 30, 2020, the Court consolidated this action for trial with an earlier action brought by Moses Choi (“Choi”) and Southeast Regional Center, LLC (“SRC”) (collectively, the “Choi parties”). Dkt. 71: see also Case No. 2:17-cv-08958 (“Choi dkt.”), dkt. 199. Corbrus’ claims arise out of an agreement made in 2015, on its behalf, by its principal, Fu-Shen Chang (“Chang”), to enter into a partnership, known as “the Manhattan Fund,” with the 8th Bridge defendants to provide EB-5 financing for the Paz defendants’ real estate projects, including the Ace Hotel in New York City. See generally dkt. 163 (“TAC”). According to Corbrus, however, Kim and Paz fraudulently induced Corbrus to relinquish its partnership interest in the Manhattan Fund in October 2015, by falsely…