Bombing Victims' Families Drop Suit Over Bank's Iran Assets

Law360, New York (December 12, 2012, 6:16 PM EST) -- Families of victims of the 1983 bombing of a U.S. Marines barrack in Lebanon on Wednesday dropped a suit accusing Standard Chartered PLC of hiding part of $2.7 billion in assets Iran owes them.

The families, who sued after a court found Iran was possibly responsible for the deadly attack in Beirut, filed a notice saying they were voluntarily dismissing their suit against the London-based bank. Standard Chartered on Monday agreed to pay $327 million to settle the federal government's allegations that it violated U.S. sanctions...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Peterson et al v. Standard Chartered Bank


Case Number

1:12-cv-06257

Court

New York Southern

Nature of Suit

Fraud or Truth-In-Lending

Judge

Shira A. Scheindlin

Date Filed

August 14, 2012

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.