Smith v. Federal Reserve Bank of New York

KATZMANN, Circuit Judge.

This litigation arises from the attacks upon the United States on September 11, 2001, and takes place in the context of ongoing American militar^ and reconstruction activity in Iraq. It involves competing claims to the disposition of certain Iraqi assets held by the Federal Reserve Bank of New York. On the one hand, Plaintiffs, who are relatives of victims who perished in the World Trade Center catastrophe, seek a declaration that they are entitled to execute against those assets to satisfy a judgment they hold. On the other hand, Defendants contend that those assets…