NY court OKs USD 1.75 bn award in Iran terror cases

A federal appeals court says USD 1.75 billion for terrorism-related judgments against Iran can be distributed to victims of attacks, including a 1983 bombing that killed 241 Marines in Lebanon.

PTI| Last Updated: Jul 09, 2014, 23:47 PM IST

New York: A federal appeals court says USD 1.75 billion for terrorism-related judgments against Iran can be distributed to victims of attacks, including a 1983 bombing that killed 241 Marines in Lebanon.

Lawyers for several hundred families of victims of the attack on a US Marine barracks in Beirut praised the ruling by the 2nd US Circuit Court of Appeals in Manhattan.

The ruling upheld a decision by a lower-court judge last year who rejected claims by lawyers for Bank Markazi, Iran`s central bank.

The lawyers had argued that seizing the assets would conflict with treaty agreements between the United States and Iran.

Lawyers for the bank did not immediately return a message for comment on wednesday.