Lp6 v. S.D. Dept of Tourism

2020 S.D. 38
CourtSouth Dakota Supreme Court
DecidedJune 24, 2020
Docket29129
StatusPublished
Cited by3 cases

This text of 2020 S.D. 38 (Lp6 v. S.D. Dept of Tourism) is published on Counsel Stack Legal Research, covering South Dakota Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lp6 v. S.D. Dept of Tourism, 2020 S.D. 38 (S.D. 2020).

Opinion

#29129-a-DG 2020 S.D. 38

IN THE SUPREME COURT OF THE STATE OF SOUTH DAKOTA

**** LP6 CLAIMANTS, LLC, Plaintiff and Appellant,

v.

SOUTH DAKOTA DEPARTMENT OF TOURISM AND STATE DEVELOPMENT, SOUTH DAKOTA GOVERNOR’S OFFICE OF ECONOMIC DEVELOPMENT, SOUTH DAKOTA DEPARTMENT OF TOURISM, and THE STATE OF SOUTH DAKOTA, Defendants and Appellees,

and

SDRC, INC., SD INVESTMENT FUND, LLC 6, and JOOP BOLLEN, Defendants,

SDRC, INC., SD INVESTMENT FUND, LLC 6, and JOOP BOLLEN, Third-Party Plaintiffs,

HENRY GLOBAL CONSULTING GROUP a/k/a HENRY GLOBAL a/k/a HENRY GLOBAL GROUP a/k/a HENRY GLOBAL CONSULTING USA, incorporated under the laws of the People’s Republic of China, Third-Party Defendant.

****

CONSIDERED ON BRIEFS APRIL 21, 2020 OPINION FILED 06/24/20 APPEAL FROM THE CIRCUIT COURT OF THE SIXTH JUDICIAL CIRCUIT HUGHES COUNTY, SOUTH DAKOTA

THE HONORABLE CHRISTINA L. KLINGER Judge

STEVEN D. SANDVEN Beresford, South Dakota

EZIO SCALDAFERRI BRUCE ROBINS of Feder Kaszovitz, LLP New York, New York Attorneys for plaintiff and appellant.

PAUL E. BACHAND AARON P. SCHEIBE Special Assistant Attorneys General Pierre, South Dakota

ROBERT L. MORRIS Special Assistant Attorney General Belle Fourche, South Dakota Attorneys for defendants and appellees. #29129

GILBERTSON, Chief Justice

[¶1.] A group of investors in the EB5 immigrant investment program sued

various agencies that implemented the program in South Dakota, claiming fraud in

procuring their investments, which were lost when the project went bankrupt. The

circuit court granted a motion to dismiss by the state agencies involved based on

sovereign immunity. The investors appeal the circuit court’s decision, and we

affirm.

Facts and Procedural History

[¶2.] This case arises from implementation of the federal EB5 immigrant

investment program in South Dakota. The EB5 Program offers preferred

immigrant status to foreign nationals who invest in commercial projects with the

purpose of creating a specified number of jobs through each project. Under 8 U.S.C.

§ 1153(b)(5), the required investment per individual is at least $1,000,000, but for

projects in economically disadvantaged or rural areas (regional centers), the

threshold investment is reduced to a $500,000 minimum.

[¶3.] The South Dakota Department of Tourism and State Development

(DTSD) entered into a consulting contract with SDRC, Inc. 1 in 2009 to administer

and promote EB5 Program projects in South Dakota. The contract was made “for

the purpose of having SDRC administer the Regional Center and the EB5 Program

and to market the EB5 Program for the benefit of South Dakota[.]” SDRC had

administrative duties to work with United States Customs and Immigration

(USCIS) and the “non-exclusive right and privilege to market projects for

1. SDRC is wholly owned by Joop Bollen, a former State employee. -1- #29129

development within the Regional Center’s territory[.]” Promotion of projects

required DTSD’s written consent first, and three funds were established to ensure

indemnification to DTSD when necessary. At the end of the term of the agreement,

all remaining funds were to return to DTSD.

[¶4.] The contract covered future projects as well as nine existing projects,

including an initial equity investment in the Northern Beef Packers processing

plant in Aberdeen. SDRC solicited further investments in the Northern Beef

Packers project by sending a Confidential Offering Memorandum to the thirty-five

Chinese nationals that form the LP6 Claimants. 2 The Offering Memorandum

detailed the requirements for a qualifying investment through the SDIF Limited

Partnership 6 (Partnership). 3 To comply with the regional center designation, each

Limited Partnership Unit required a $530,000 investment (a $500,000 investment

and $30,000 for issue expenses). The Offering Memorandum stated that the

investments would be used to construct the packing plant facility and purchase

machinery and equipment capable of processing 7,500 head of cattle each week and

396,000 head annually. The project was meant to create 563 jobs by 2010. The

Offering Memorandum stated that there was “no assurance that investors will

obtain final immigration status,” and that the project was “suitable only for

investors . . . who can afford the loss of their entire investment.” It also said there

2. Two offering memos were sent, one in November 2009 and one in January 2010, but they appear to contain the same provisions. One had a detailed plan attached for the Northern Beef Packers project.

3. South Dakota Investment Fund LLC 6, an affiliate of SDRC, is the sole general partner of the SDIF Limited Partnership 6. -2- #29129

was no assurance “that the jobs required to be created and maintained . . . will be

achieved.” Day-to-day management of the investments would be conducted by the

Partnership, including supervising SDRC’s performance of its obligations under its

consulting agreement.

[¶5.] Each Claimant invested $530,000 (over $18 million collectively)

through the Partnership. Their collective investment was lost when the Northern

Beef Packers plant went bankrupt in 2013. The South Dakota Governor’s Office of

Economic Development (GOED) 4 terminated the contract with SDRC the same

year, and the United States Department of Homeland Security sent the GOED a

Notice of Intent to Terminate the Regional Center in September 2015 for failure to

submit required information to the USCIS and failure to demonstrate the

promotion of economic growth.

[¶6.] Claimants filed an amended complaint 5 in December 2015 against

DTSD, GOED, South Dakota Department of Tourism, the State of South Dakota,

SDRC, SD Investment Fund LLC 6, and Joop Bollen. The amended complaint

alleged fraud, breach of fiduciary duty, aiding and abetting breach, and included a

request to pierce the corporate veil.

[¶7.] The state agencies (collectively the State) filed a motion to dismiss

under SDCL 15-6-12(b)(5), on three grounds, arguing: (1) sovereign immunity bars

4. In 2011, DTSD was abolished and the GOED and the South Dakota Department of Tourism took its place.

5. The initial complaint excluded the GOED, Department of Tourism, and the State of South Dakota.

-3- #29129

suit against the State; (2) Claimants’ tort claims are barred by failure to give

mandatory statutory notice under SDCL 3-21-2; and (3) the claims are barred by

SDCL 21-32-2’s one-year statute of limitations for tort claims against the State.

SDRC, SD Investment Fund LLC 6, and Bollen filed an answer and crossclaim

against the State for indemnity or contribution, in addition to a third-party claim

against Henry Zou and the Henry Global Consulting Group, which lined up the

potential Chinese investors, for defamation and indemnity or contribution. The

State moved to dismiss the crossclaim because sovereign immunity would bar the

derivative claim. Bollen also joined in the State’s motion to dismiss against

Claimants in so far as the claims related to any actions he took while a State

employee.

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Cite This Page — Counsel Stack

Bluebook (online)
2020 S.D. 38, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lp6-v-sd-dept-of-tourism-sd-2020.