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PETERSON, et al v. ISLAMIC REPUBLIC, et al

  1. January 12, 2015

    High Court Snubs $2.7B HSBC Iran Sanctions Case

    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.

  2. January 28, 2013

    Victims of '83 Iran-Backed Attack Want $2.7B From HSBC

    Families of U.S. Marines killed in 1983 by an Iran-backed suicide bomber in Beirut asked a Washington federal judge Monday to hold HSBC Bank USA NA responsible for a $2.66 billion judgment against Iran, saying the bank had misled the court about aiding the country in avoiding sanctions.