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Israeli Gov’t Contractor Agrees To $3M Deal In Securities Suit

Law 360 – A pair of Ability Inc. investors asked a New York federal court Wednesday to sign off on a $3 million cash deal resolving a consolidated securities suit accusing the Israeli government communications contractor of making misleading financial statements surrounding a merger.

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Thu Apr 26, 8:04pm

Press

Beirut Victims’ Kin Fight Bank’s Bid To Stay Terrorism Case

Law 360 – The families of the American service members killed in the 1983 U.S. Marine Corps barracks bombing in Beirut, Lebanon, have hit back at Clearstream Banking SA’s bid to stay a ruling allowing them to pursue it for $1.68 billion linked to Iran while the bank considers a […]

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Mon Feb 26, 1:49pm

Press

Iran-Linked Charity Must Hand NYC Office Tower To Feds

Law 360 – A New York federal judge granted a judgment handing more than $1 billion in real estate and cash from an Iranian-linked charity to the U.S. Government for sanctions violations on Wednesday, the same day the last of the private plaintiffs in the case agreed to a settlement […]

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Thu Oct 5, 1:50pm

Press

Judge In $1B Iran Asset Fight Looks Ready To Push Forward

Law 360 – An Iran-linked charity held liable to surrender its Midtown Manhattan office tower for sanctions violations said Thursday it believes such a punishment would violate a constitutional bar on excessive fines, but the judge overseeing the historic case displayed little desire to hold off on entering judgment pending […]

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Sun Jul 9, 1:51pm

Press

Jury Rings Up Iran-Linked Charity In $1B Forfeiture Fight

Law 360 – A Manhattan federal jury on Thursday held an Iran-linked charity extensively liable for violations of sanctions against the Middle Eastern power, tracing its proceeds to money laundering on the country’s behalf and dealing prosecutors a win in a decade-long civil forfeiture effort said to be the largest […]

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Thu Jun 29, 1:51pm

Press

Coke Buyers Seek Class Cert. In ‘No Artificial Flavors’ MDL

Law 360 – Consumers from six states on Friday asked a California federal judge to certify classes in multidistrict litigation accusing Coca-Cola Co. of misleading people about added preservatives and artificial flavors in its “Coke” products, while slamming a Coca-Cola expert who said it’s unlikely people buy Coke because they […]

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Mon Jun 19, 1:52pm