Bombing Victims' Families Sue StanChart Over Iran Assets

Law360, New York (August 15, 2012, 9:11 PM EDT) -- Families of the victims of the 1983 bombing of a U.S. Marines barrack in Lebanon accused Standard Chartered PLC on Wednesday of concealing assets owed to them from Iran, just one day after the bank reached a $340 million settlement to resolve claims that it concealed banned Iranian transactions.

The family members say they filed the suit in New York federal court to satisfy part of $2.65 billion Iran owes them after a Washington federal court ruled in 2007 that the country was involved in the...
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