Century City towers and the Los Angeles Country Club Golf Course. Credit: Shutterstock Lewis Brisbois Sued by Chinese Investors Over $92.5M Investment Loss
A group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
March 20, 2024 at 04:40 PM
4 minute read
What You Need to Know
- A group of 185 Chinese investors sued Lewis Brisbois and a client over their alleged roles in mishandling the plaintiffs' $92.5 million in invested capital.
- The lawsuit levels RICO allegations against Lewis Brisbois and client CMB.
A group of 185 Chinese investors are suing Lewis Brisbois Bisgaard & Smith and an investor client for allegedly failing to protect $92.5 million of invested capital in a $2.5 billion redevelopment project in Century City, Los Angeles, according to a complaint filed this month in California federal court.
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