Consarc Corp. v. United States Treasury Department Office of Foreign Assets Control

MEMORANDUM OPINION

SPORKIN, District Judge.

This matter comes before the Court on remand from the United States Court of Appeals for the District of Columbia Circuit. The Office of Foreign Assets Control (OFAC) appealed this Court’s orders of April 10, 1991, August 22, 1991, and December 29, 1992. The Court of Appeals held as follows:

We dismiss the appeal in part, thus letting stand the district court’s orders that extinguished the standby letter of credit and awarded Consarc the accompanying down-payment. We reverse the district court’s orders that awarded the funds to Consarc, that enjoined…