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U.S. appeals court voids forfeiture of Iran-linked NY office tower
Source: Reuters
Politics | Wed Jul 20, 2016 2:09pm EDT
U.S. appeals court voids forfeiture of Iran-linked NY office tower
NEW YORK | BY JONATHAN STEMPEL
A federal appeals court said on Wednesday the U.S. government cannot seize a midtown Manhattan office tower originally built by the Shah of Iran, whose owners it claimed were fronts for the Iranian government.
The 2nd U.S. Circuit Court of Appeals also said hundreds of victims of "terrorist acts" linked to Iran could not force the owners of 650 Fifth Avenue to pay unsatisfied money judgments they had won against that country, finding no proof that the owners and Iran were legally one and the same.
Both decisions were written by Circuit Judge Richard Wesley for a unanimous three-judge panel, and totaled 145 pages.
They overturned rulings by U.S. District Judge Katherine Forrest against the nonprofit Alavi Foundation, which promotes Islamic culture and the Persian language, and 650 Fifth Avenue Co, of which Alavi is a 60 percent owner.
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U.S. appeals court voids forfeiture of Iran-linked NY office tower
NEW YORK | BY JONATHAN STEMPEL
A federal appeals court said on Wednesday the U.S. government cannot seize a midtown Manhattan office tower originally built by the Shah of Iran, whose owners it claimed were fronts for the Iranian government.
The 2nd U.S. Circuit Court of Appeals also said hundreds of victims of "terrorist acts" linked to Iran could not force the owners of 650 Fifth Avenue to pay unsatisfied money judgments they had won against that country, finding no proof that the owners and Iran were legally one and the same.
Both decisions were written by Circuit Judge Richard Wesley for a unanimous three-judge panel, and totaled 145 pages.
They overturned rulings by U.S. District Judge Katherine Forrest against the nonprofit Alavi Foundation, which promotes Islamic culture and the Persian language, and 650 Fifth Avenue Co, of which Alavi is a 60 percent owner.
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Read more: http://www.reuters.com/article/us-usa-iran-lawsuit-idUSKCN1002HD
