Iraq's $10B Suit Over Oil-For-Food Scheme Nixed

Law360, New York (February 6, 2013, 6:19 PM EST) -- A New York federal judge on Wednesday tossed out Iraq's $10 billion racketeering lawsuit accusing multinational companies of paying kickbacks and helping Saddam Hussein defraud a United Nations oil-for-food program, finding the Middle Eastern nation shared responsibility for the Hussein regime's actions.

U.S. District Judge Sidney H. Stein dismissed a suit brought by Iraq against dozens of companies — including Chevron Corp., GlaxoSmithKline PLC, Daimler AG and units of Siemens AG — which did business with Iraq during the Hussein regime and allegedly conspired to frustrate...
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