Li v. Colorado Regional Center I


Appellate Case: 21-1232 Document: 010110737142 Date Filed: 09/12/2022 Page: 1 FILED United States Court of Appeals UNITED STATES COURT OF APPEALS Tenth Circuit FOR THE TENTH CIRCUIT September 12, 2022 _________________________________ Christopher M. Wolpert Clerk of Court JUN LI; QI QIN; YI LIU; JIE YANG; YUQUAN NI; ZHONGZAO SHI; FANG SHENG; SHUNLI SHAO; KAIYUAN WU; ZHIJIAN WU; ZHONGWEI LI; YUWEI DONG; LIN QIAO; JINGE HU; RUJUN LIU; FAN ZHANG; LU LI; SA WU; YING XU; CAO XIAOLONG; HSIN-YI WU, Plaintiffs - Appellants, and DIANWEN CUI; LEI GU; SUFEN LENG; XUE MEI; ZHOU MEI; YAN SONG; LU WANG; YUE WU; ZHOU YANG; JINGWEN ZHANG; LEI ZHANG; LING ZHANG; XIAOHONG ZHANG; QIN ZHOU; XUN ZHU; CHUNYI ZOU, Plaintiffs, v. No. 21-1232 (D.C. No. 1:19-CV-02443-RM-STV) COLORADO REGIONAL CENTER I, (D. Colo.) LLC; SOLARIS PROPERTY OWNER I LLC; PETER KNOBEL; COLORADO REGIONAL CENTER PROJECT SOLARIS LLLP, and all principals and ultimate owners of business entities pursuant to piercing of the limited liability veil, Defendants - Appellees. ––––––––––––––––––––––––––––––––––– DIANWEN CUI; LEI GU; SUFEN LENG; Appellate Case: 21-1232 Document: 010110737142 Date Filed: 09/12/2022 Page: 2 XUE MEI; ZHOU MEI; YAN SONG; LU WANG; YUE WU; ZHOU YANG; JINGWEN ZHANG; LEI ZHANG; LING ZHANG; XIAOHONG ZHANG; QIN ZHOU; XUN ZHU; CHUNYI ZOU, Plaintiffs - Appellants, and JUN LI; QI QIN; YI LIU; JIE YANG; YUQUAN NI; ZHONGZAO SHI; FANG SHENG; SHUNLI SHAO; KAIYUAN WU; ZHIJIAN WU; ZHONGWEI LI; LIN QIAO; JINGE HU; RUJUN LIU; FAN ZHANG; LU LI; SA WU; YING XU; CAO XIAOLONG; WU HSIN-YI; YUWEI DONG, Plaintiffs, v. No. 21-1253 (D.C. No. 1:19-CV-02443-RM-STV) COLORADO REGIONAL CENTER LLC; (D. Colo.) COLORADO REGIONAL CENTER I, LLC; SOLARIS PROPERTY OWNER LLC; SOLARIS PROPERTY OWNER I LLC; COLORADO REGIONAL CENTER PROJECT SOLARIS LLLP; WAVELAND VENTURES, LLC, Defendants - Appellees, and PETER KNOBEL, Defendant. ________________________________ Appellate Case: 21-1232 Document: 010110737142 Date Filed: 09/12/2022 Page: 3 ORDER AND JUDGMENT * _________________________________ Before MATHESON, KELLY, and PHILLIPS, Circuit Judges. _________________________________ Appellants are two groups of Chinese investors, the Li Appellants and the Cui Appellants. Each investor purchased a limited partnership interest in Colorado Regional Center Project Solaris LLLP (“CRCPS”). Through its general partner, CRCPS loaned the proceeds from the investments to a real estate development project. After the project produced low returns and defaulted on the loans, each group of Appellants separately sued CRCPS, its general partner, and other parties involved in the real-estate project. The district court dismissed both complaints, denied several motions filed by Appellants, and ordered them to pay attorney fees under Colorado and federal law. Each group of Appellants appealed. We consolidated their appeals. Exercising jurisdiction under 28 U.S.C. § 1291, we (A) affirm the district court’s dismissal of Appellants’ claims under Federal Rule of Civil Procedure 12(b)(6) except for the Li Appellants’ claim for breach of fiduciary duty, which we affirm in part and reverse in part; * After examining the briefs and appellate record, this panel has determined unanimously to honor the parties’ request for a decision on the briefs without oral argument. See Fed. R. …

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