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| Victims of 1983 Marine Base Bombing |
| Victims of 1983 Marine Base Bombing in Beirut Lose Quest for Iranian Assets
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| UNITED STATES OF AMERICA
, 21-February-2015
2:44:43 AM |
| Relatives of US soldiers killed and wounded in a 1983 Beirut bombing have been barred by a US judge from seeking $1.6 billion in assets belonging to Iran's central bank and held by a unit of German exchange operator Deutsche Boerse.
US District Judge Katherine Forrest in New York said in a decision released on Friday that they could not pursue assets owned by Iran's Bank Markazi and held in Luxembourg because she does not have jurisdiction over the funds.
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Clearstream Banking SA, the clearing unit for Deutsche Boerse AG , had argued for the case to be thrown out because US courts have no jurisdiction over funds held in Luxembourg with no direct link to the United States.
Lawyers for the plaintiffs countered that Clearstream operates an office in New York and that the Iranian funds are denominated in dollars, with proceeds from the assets previously arriving in a Clearstream account at JPMorgan Chase & Co in New York.
Victims of the bombing won a $2.65 billion default judgment against Iran in 2007 and have since pursued Iranian assets held in various accounts to collect on the judgment.
The lawsuit accuses Iran of helping to plan the attack and is one of several brought by hundreds of relatives of soldiers who were at the Marine barracks in Beirut, Lebanon, when it was bombed
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