Palm House Hotel EB-5 Fraud Settlement
Distribution amounts will be calculated based on SEC investigative records; pro rata distribution to eligible investors
What happened
From November 2012 to March 2015, the defendants defrauded 88 foreign investors participating in the EB-5 Immigrant Investor Program out of approximately $44 million by misrepresenting that investor funds would be loaned for a Palm House Hotel project in Palm Beach, Florida. Instead, the defendants misappropriated a significant portion of the investor funds.
Do you qualify?
Anyone who purchased one or more limited partnership interests in Palm House Hotel LLLP while participating in the EB-5 Immigrant Investor Program and suffered a loss as a result of the conduct described in the SEC complaint.
How to file
No claim form submission is required. Eligible investors will be identified and distribution payments calculated automatically based on records obtained by the SEC during the investigation. Contact JND Legal Administration at 1-888-383-0356, info@PalmHouseHotelFund.com, or by mail for more information.
Common questions
- How much does the Palm House Hotel EB-5 Fraud Settlement pay?
- Estimated payout: Distribution amounts will be calculated based on SEC investigative records; pro rata distribution to eligible investors. The total settlement fund is $6.7M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Do I need proof of purchase for the Palm House Hotel EB-5 Fraud Settlement?
- No. You can file without a receipt or proof of purchase. You attest that you qualify and submit basic details, though claims are still subject to review and submitting a false claim is a crime.
- Is the Palm House Hotel EB-5 Fraud Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at palmhousehotelfund.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- How long until I get paid from the Palm House Hotel EB-5 Fraud Settlement?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for November 13, 2020; no payments can be issued before a settlement receives final approval.
- What happens if I do nothing?
- You receive no payment, and in most class actions you also give up the right to sue Palm House Hotel LLLP, South Atlantic Regional Center LLC, Joseph J. Walsh Sr., Robert V. Matthews separately over these same claims.
In the news
- Glenn Straub loses appeal on Palm House saleThe Real Deal · November 29, 2019
- Embattled Palm House developer Robert Matthews agrees to federal securities chargesThe Real Deal · September 19, 2019
- The sensational story behind the demise of Palm HouseThe Real Deal · June 24, 2019
- Developer of failed Palm House Hotel pleads guilty in EB-5 fraud caseThe Real Deal · April 25, 2019
Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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