The Court March 20, 2026 Order, which dismissed all claims against the Alavi Foundation and the 650 Fifth Avenue Company, marks the successful resolution of a long-running litigation between Alavi, the Fifth Avenue Company, the U.S. Government, and numerous groups of private plaintiffs holding unrelated judgments against the government of Iran. After more than 17 years of hard-fought litigation—including six appeals to the Second Circuit in which Alavi prevailed in all—the parties reached a resolution that was in all of their respective best interests. As ordered by the District Court, all claims against the Foundation and its properties have been dismissed with prejudice, and the monitorship/interim trusteeship over the property at 650 Fifth Avenue and other Alavi properties has been vacated. Press Release
