NY Firm Challenges OFAC's $7M 'Death Sentence' Sanctions

By Sarah Jarvis · January 13, 2026, 8:37 PM EST

A New York property management company has sued the Treasury's Office of Foreign Assets Control for imposing a "corporate death sentence" in the form of a more than $7 million fine...

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Case Information

Case Title

Gracetown, Inc. v. United States Department of the Treasury, Office of Foreign Assets Control et al

Case Number

1:26-cv-00257

Court

New York Southern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

January 12, 2026