Law360, New York (November 21, 2017, 6:50 PM EST) -- The Second Circuit on Tuesday revived a bid by families of the victims of the 1983 Beirut Marine Corps barracks bombing to collect $1.68 billion linked to Iran’s central bank, overturning an earlier decision that the money was beyond the reach of U.S. courts.
The federal appeals court ruled in a 72-page opinion that a lower court judge incorrectly ruled that around $1.68 billion in bonds that Bank Markazi, Iran’s central bank, held in a Luxembourg account were out of reach for the families of the...
2nd Circ. Revives Terror Victims’ Bid To Get $1.7B From Iran
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