BREAKING NEWS

Judge finds owners of Iran-linked tower violate US laws

By REUTERS

SEPTEMBER 12, 2013 02:08

NEW YORK - A federal judge ruled on Wednesday that the owners of a New York City skyscraper at the center of a long-running dispute violated US laws against doing business with Iran.

The ruling, which is likely to be appealed, could result in the building, 650 Fifth Avenue, being seized by the US government.

The ruling came just days before two parallel trials were to begin in federal court in New York in which the Justice Department and private plaintiffs were seeking to take control of the building.

"I understand the monkey wrench I'm throwing into things," US District Judge Katherine Forrest said in a telephone conference with lawyers on Wednesday.

Forrest, granting a request by US prosecutors to decide the case ahead of trial, said there was "no triable issue of fact."

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