High Court Snubs $2.7B HSBC Iran Sanctions Case

Law360, New York (January 12, 2015, 5:51 PM EST) -- The U.S. Supreme Court on Monday rejected an appeal seeking nearly $2.7 billion in sanctions against HSBC Bank USA NA over its alleged failure to disclose Iranian assets, dismissing arguments by families of U.S. Marines killed in a 1983 Beirut bombing.

The decision affirms D.C. Circuit and district court rulings finding HSBC could not be sanctioned over roughly $25,000 in blocked electronic fund transfers. In both cases, the courts ruled the funds are not Iranian property and thus cannot be seized as part of a 2007 judgment holding the country accountable for the attack. Plaintiffs claimed the bank should pay over...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!