US judge orders $2.23b payout to families over 1983 Beirut bombing

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A federal judge in New York ordered Iran's central bank and a European intermediary on Wednesday (March 22) to pay out US$1.68 billion (S$2.23 billion) to family members of troops killed in the 1983 car bombing of the US Marine Corps barracks in Lebanon. US District Judge Loretta Preska said a 2019 federal law stripped Bank Markazi, the Iran central...

The witness stand and the judge's chair , face towards the defence table and prosecution table , in Part 31, Room 1333 of the New York State Supreme Court, Criminal Term at 100 Centre Street, in New York on Feb 3, 2012.A federal judge in New York ordered Iran's central bank and a European intermediary on Wednesday to pay out US$1.68 billion to family members of troops killed in the 1983 car bombing of the US Marine Corps barracks in Lebanon.

Clearstream will "weigh all relevant interests and responsibilities" and comply with its legal and regulatory obligations in handling the funds, Deutsche Boerse said. Six years later, they sought to seize bond proceeds allegedly owned by Bank Markazi and processed by Clearstream to partially satisfy the court judgement.

 

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