Owners Of Iran-Linked Property Sanctioned In 9/11 Suit

Law360, New York (September 4, 2013, 4:40 PM EDT) -- A New York federal judge on Wednesday granted a motion for sanctions against two Iran-related entities for failure to comply with a discovery order in a suit brought by family members of 9/11 victims seeking to use the companies' interests in a Manhattan property to help satisfy a $6 billion terrorism judgment.

The estates of several victims, as well as several defendants and creditors in the case, asked the judge last month for sanctions in the form of striking Assa Corp. and Assa Co. Ltd.'s claims,...
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