Beirut bombing victims' $1.68 billion Iran judgment overturned by US appeals court
Wednesday, 13 November 2024، 10:21 PM
It had been won by family members of troops killed and injured in the 1983 bombing of the U.S. Marine Corps barracks in Beirut. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge should have addressed questions of state law before ruling against Bank Markazi and Luxembourg intermediary Clearstream Banking, a unit of Deutsche Boerse. In a 3-0 decision, the panel also rejected a claim that a 2019 federal law designed to make it easier to seize Iranian assets held outside the United States waived Bank Markazi's sovereign immunity (Read more at Yahoo).