A federal judge in New York ordered Iran's central bank and a European intermediary on Wednesday to pay out $1.68 billion to family members of troops killed in the 1983 car bombing of the U.S. Marine Corps barracks in Lebanon.
U.S. District Judge Loretta Preska said a 2019 federal law stripped Bank Markazi, the Iran central bank, of sovereign immunity from the lawsuit, which sought to enforce a judgment against Iran for providing material support to the attackers.
The exchange said that it does not view the ruling as increasing the risk from the lawsuit in a way that would require the companies to make financial provisions.The Oct. 23, 1983, bombing at the Marine Corps barracks killed 241 U.S. service members. Six years later, they sought to seize bond proceeds allegedly owned by Bank Markazi and processed by Clearstream to partially satisfy the court judgment.
In January 2020, the U.S. Supreme Court overturned a lower court ruling in the families' favor, and ordered the case to be reconsidered in light a the new law, adopted a month earlier as part of the National Defense Authorization Act.
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