Moses Choi v. 8th Bridge Capital, Inc.

I. INTRODUCTION AND BACKGROUND

This case arises out of a business dispute between alleged joint-venturers, their affiliated corporate entities, and a former employee. On December 13, 2017, plaintiffs Moses Choi (“Chov’) and Southeast Regional Center (“SRC”) (collectively, “plaintiffs”) initiated this action against defendants Young Hun Kim (“Kim”), Patrick Jongwong Chang (“Chang”), 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 II, LP, and Manhattan Real Estate Equity Fund, LP (collectively, “defendants”). Dkt. 1. Plaintiffs thereafter filed the operative first amended complaint on December 22, 2017. Dkt. (“FAC”). 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- immigrant visa program (“EB-5 Program’). Id. □□ 4—5. The EB- Program allows foreign investors, …