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...
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