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Court Halts U.S. Seizure of New York Building Linked to Iran
(New York Times) Barry Meier and Benjamin Weiser - In a setback for victims of attacks linked to Iran, a federal appeals court in New York on Wednesday threw out a lower-court ruling that had upheld the government's move to seize a landmark Manhattan building at 650 Fifth Avenue near Rockefeller Center on charges that it was a front for Iran. The office tower is the largest single asset seized by the Justice Department as a result of charges that its owners acted on behalf of the Iranian government in violation of economic sanctions against Iran and also engaged in money laundering. Estimates of the property's value range from $800 million to $1 billion.