NY Firm Challenges OFAC's $7M 'Death Sentence' Sanctions

By Sarah Jarvis · January 13, 2026, 8:37 PM EST

A New York property management company has sued the Treasury's Office of Foreign Assets Control for imposing a "corporate death sentence" in the form of a more than $7 million fine...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Complaint

Case Information

Case Title

Gracetown, Inc. v. United States Department of the Treasury, Office of Foreign Assets Control et al

Case Number

1:26-cv-00257

Court

New York Southern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

January 12, 2026

Recent Articles By Sarah

December 04, 2025
OFAC Fines Real Estate Firm $7M Over Sanctions Violations
September 26, 2025
SEC Eyes Tweaking RMBS Rules To Revive Dormant Market
August 27, 2025
Father, Son Seek 2-Year Sentences In $280M Sports Park Fraud
August 26, 2025
Fed's Lisa Cook Preps Lawsuit Over Trump Firing
August 12, 2025
Airbnb Wants Conservative Shareholder Proposal Suit Tossed
May 07, 2025
Ga. Landowner Says Exempt Farm Activities Doom CWA Suit
April 22, 2025
Court Appoints Monitor In SEC's $1B PE Fraud Case
February 14, 2025
Maine Judge Denies Challenge To Corporate Transparency Act
January 13, 2025
Hotel Asset Manager Ashford Settles SEC Cyber Report Suit
January 08, 2025
Mortgage Cos. Fined $20M Over Cybersecurity Breach