# Scholar-in-Residence Gary Friedland comments on a pending lawsuit against EB-5 firm New York City Regional Center, from his joint research with Professor Jeanne Calderon

1 Faculty News June 30, 2018 ![The Real Deal logo](/sites/default/files/styles/246w/public/assets/images/con_035629.gif?itok=IgTvXuBh)>

Excerpt from [The Real Deal](https://therealdeal.com/issues_articles/overselling-nyc-two-eb-5-pioneers-face-investor-backlash/) -- "'It appears they didn’t observe the standards a conventional lender would apply,' said Gary Friedland, a scholar-in-residence at NYU Stern who analyzed the case in a December report for the school’s [Center for Real Estate Finance Research](http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/center-real-estate-finance-research)."

[Read more](https://therealdeal.com/issues_articles/overselling-nyc-two-eb-5-pioneers-face-investor-backlash/)