WASHINGTON (AP) - The Supreme Court said Thursday it will hear an appeal from Iran's central bank over a $1.75 billion judgment awarded to victims of terrorist attacks, including the 1983 bombing that killed 241 American soldiers in Lebanon.
WASHINGTON (AP) — The Supreme Court said Thursday it will hear an appeal from Iran's central bank over a $1.75 billion judgment awarded to victims of terrorist attacks, including the 1983 bombing that killed 241 American soldiers in Lebanon.
The justices agreed to review a ruling from the federal appeals court in New York that said the judgment against Bank Markazi could be distributed to several hundred victims and families of those killed or injured in attacks sponsored by the government of Iran.
The high court will consider the nearly 20-year-old old dispute as relations between the United States and Iran have thawed in the wake of a deal that curbs Iran's nuclear program in exchange for relief from economic sanctions.
The bank had argued that seizing the assets would conflict with treaty agreements between the United States and Iran. The money is in the custody of a court-appointed trustee after President Barack Obama in 2012 ordered Iranian assets blocked, including those of Bank Markazi.
Each family was expected to receive about $5 million after attorney fees.
The bombing was blamed on the Lebanese Shiite militia Hezbollah, which is backed by Iran. Lawyers for the victims argued that evidence showed that Iran's late supreme cleric, Ayatollah Ruhollah Khomeini, and other top leaders authorized and planned the bombing.
In the early morning hours of Oct. 23, 1983, a truck filled with more than 2,000 pounds of explosives sped past a guardpost and exploded outside the four-story Beirut barracks while many servicemen slept. The soldiers killed and wounded in the attack were part of a multinational peacekeeping mission to help stabilize a violent civil war between Christians and Muslims.
The lawsuit against Iran was filed under a 1996 U.S. law that allows Americans to sue nations that the State Department considers sponsors of terrorism for damages suffered in terrorist acts.
The high court is expected to hear arguments this winter in Bank Markazi v. Peterson, 14-770.