Fifth Avenue Tower Co-Owner An Iranian Front, Judge Rules

Law360, New York (September 16, 2013, 5:55 PM EDT) -- A New York federal judge on Monday ordered two Iran-related entities to forfeit ownership of a building at 650 Fifth Ave. in Manhattan, finding that the entities acted as a front for Iran and laundered money through their purported ownership and management of the building.

U.S. District Judge Katherine B. Forrest ruled that all of the assets at issue in litigation brought by the U.S. government against Assa Corp., Assa Co. Ltd. and the Alavi Foundation are subject to forfeiture, stopping the case short of a...
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Case Information

Case Title

In re: 650 Fifth Avenue and Related Properties

Case Number



New York Southern

Nature of Suit

Real Property: Other


Katherine B. Forrest

Date Filed

December 17, 2008

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