U.S. Supreme Court rejects Iran bank's bid to avoid payout to attack victims

April 20, 2016 2:09 PM

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WASHINGTON, April 20 The U.S. Supreme Court on Wednesday ruled that almost $2 billion in frozen Iranian assets must be turned over to American families of people killed in the 1983 bombing of a U.S. Marine Corps barracks in Beirut and other attacks blamed on Iran.

The court's 6-2 ruling dealt a setback to Iran's central bank, finding that the U.S. Congress did not usurp the authority of American courts by passing a 2012 law stating that the frozen funds should go toward satisfying a $2.65 billion judgment won by the families against Iran in U.S. federal court...

Also read: Russian Central Bank: Hackers Stole $31 Million From Correspondent Accounts

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