June 10, 2015
The Seventh Circuit on Tuesday declined to reconsider a decision in which it handed to the federal government $6.2 million seized from an al-Qaida affiliate's commodities brokerage account to two dozen insurers to defray coverage payouts from the 9/11 attacks.
April 02, 2015
The Seventh Circuit on Thursday overturned a ruling that handed two dozen insurers $6.2 million seized from an al-Qaida affiliate's commodities brokerage account to defray coverage payouts from the 9/11 attacks, holding that the funds don't constitute "blocked assets" that can be subject to execution under the Terrorism Risk Insurance Act.
September 11, 2014
The U.S. government on Thursday fought for the return of $6.2 million it had seized from an al-Qaida associate's brokerage account, arguing before the Seventh Circuit that two dozen insurers had no right to claim the funds to defray coverage payouts for the 9/11 attacks.
April 07, 2014
The U.S. government on Friday criticized a ruling that handed two dozen insurers $6.2 million seized from an al-Qaida affiliate's commodities brokerage account to defray coverage payouts from the 9/11 attacks, telling the Seventh Circuit that the Terrorism Risk Insurance Act does not trump established forfeiture law.