Families of 1983 Marines bombing sue bank in NY

AP ^ | 15 Aug 2012 | LARRY NEUMEISTER

[Theoria]

Families of victims of a deadly 1983 bombing of U.S. Marines in Lebanon filed a lawsuit on Wednesday seeking to hold Standard Chartered Bank and its New York branch accountable.

They claim in the lawsuit in U.S. District Court in Manhattan that the bank conspired with Iran and its agents to hide Iran's assets from them. They're seeking to trace assets as they try to enforce a $2.6 billion judgment against the Islamic Republic of Iran.

A federal court in Washington, D.C., issued the award in 2007 after Iran failed to contest claims it was involved in the bombing, which killed 241 servicemen at a Marines facility in Beirut.

The lawsuit said the bank's "success in building a massive business clearing U.S. dollar transactions on behalf of Iranian financial institutions was a result of concerted efforts to evade U.S. sanctions against Iran." It said the bank's executives "continued year-after-year to process the illicit Iranian transactions in order to pad" the bank's profits.

Standard Chartered spokeswoman Julie Gibson said the bank does not comment on pending litigation.

The lawsuit came a day after New York's financial regulator said he'd reached a $340 million settlement with the British bank to resolve an investigation into whether it schemed with the Iranian government to launder money. The deal announced Tuesday subjects the bank's New York branch to two years of monitoring.

[Gene Eric]

Unreal. This reminds of GE’s modern-day involvement with Iran. FWIW, O’Reilly was all over the bastards.

Thanks for the pings.

[Gene Eric]

>> which killed 241 servicemen at a Marines facility in Beirut.

Iran is still killing US Troops.

[TheOldLady]

God rest their souls, and God bless their families.
Semper Fi...