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A federal judge has ruled that a 36-story Fifth Avenue office building run by a company acting as front for an Iranian bank to avoid the Iranian trade embargo is subject to forfeiture. On the eve of trial, Southern District Judge Katherine Forrest (See Profile) granted summary judgment to the government in its bid to seize the property of Assa Corp., a Channel Island company, for violations of the U.S. trade embargo and federal money laundering laws by fronting for the Iranian Bank Melli. Also part of the judge's order is the Alavi Foundation, a partner with Assa in the building at 650 Fifth Avenue.

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