Judge rejects Alavi pitch for new trial over 650 Fifth Avenue Iranian nonprofit wanted to limit forfeiture
650 Fifth Avenue and Supreme Leader of Iran Ali Khamenei (Credit: 650 Fifth and Getty Images)
A Manhattan Federal Court judge rejected the Alavi Foundation s request for a new trial Friday, dismissing the nonprofit s argument that minimal proceeds related to 650 Fifth Avenue were tied to Iran.
Alavi had asked the court to either order a new trial or set aside the jury s June verdict, which paved the way for the federal government to seize Alavi s 60 percent stake in the Fifth Avenue tower. The nonprofit argued that the forfeiture should be limited to 11.4 percent of the building’s value because any proceeds it receive新上海贵族宝贝论坛