BREAKING NEWS

US Supreme Court to hear Iran central bank appeal of $1.75 billion judgment

By REUTERS

OCTOBER 1, 2015 16:40

WASHINGTON - The US Supreme Court on Thursday agreed to consider whether Iranian funds worth $1.75 billion must be turned over to families of the victims of the 1983 bombing of a US Marine Corps barracks in Beirut.

The high court agreed to hear an appeal filed by Bank Markazi, the Iranian central bank. The bank is contesting a July 2014 ruling by the New York-based 2nd US Circuit Court of Appeals, which said the money, currently held in a trust account in New York, should be handed over.

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