1. Can I stay and work for the same employer if I get my I-140 approved prior to May 2013 while I-485 is pending?
2. Or Do I need my EAD approved as well to work for my current employer?
3. Would concurremt processing of I-140 and I-485 help me here so that i don't have to leave US and still can continue to work for my employer until I get I-140 and I-485 approved even after May 2013?
2. Have current employer file for I-140 ASAP, and you file concurrently the I-485 AOS application, together with then I-765 EAD: the EAD will take 3+ months to issue, thus plan accordingly so that there'll be no interruptions in your employment.
3. Absolutely yes. See my answer 2 above.
Filing a concurrent EB1 petition along with an application for adjustment of status will allow you to remain in the U.S. after your I-94 expires so long as the applications continue to remain pending. Whether this is a viable option for you will, of course, depend upon the specifics of your case. Consult with an experienced immigration attorney for case specific advice.
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