Exporter Can't Fight Bomb Jammer Forfeiture: 2nd Circ.

Law360, Los Angeles (December 22, 2011, 5:48 PM EST) -- The Second Circuit on Thursday denied a former Israeli military officer’s bid to block the forfeiture of 20 defense-grade explosives jammers, agreeing with a lower court that he’d signed away his right to the devices after federal prosecutors dismissed his indictment on arms export charges.

A three judge appellate panel rejected arguments by Wireless Avionics Ltd.’s CEO Alon Wallach that the government improperly pressured him into signing an agreement not to challenge forfeiture of the twenty Miljam-350 Improvised Explosive Device Jammers and gave him nothing in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.