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U.S. top court turns away dispute involving Iran's Bank Melli
Source: Reuters
WORLD NEWS MARCH 5, 2018 / 1:05 PM / UPDATED 12 HOURS AGO
U.S. top court turns away dispute involving Iran's Bank Melli
Andrew Chung
3 MIN READ
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to take up Iranian government-owned Bank Melli’s appeal of a lower court ruling that allowed victims of militant attacks allegedly backed by Iran to seek millions of dollars in compensation from the bank.
The justices left in place the lower court’s ruling that allowed some plaintiffs, trying to satisfy part of nearly $1 billion in court judgments against Iran, to go after roughly $17.6 million that Visa Inc and Franklin Resources Inc owed to Bank Melli related to credit card use in Iran.
This marked the second time in two weeks the justices have acted in a case in which Iran has refused to pay judgments won in American courts by U.S. plaintiffs who have accused Tehran of complicity in various militant attacks.
The high court on Feb. 21 rejected a bid by another set of plaintiffs to seize priceless Persian artifacts held at a Chicago museum to satisfy a separate $71.5 million court judgment against Iran.
-snip-
U.S. top court turns away dispute involving Iran's Bank Melli
Andrew Chung
3 MIN READ
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to take up Iranian government-owned Bank Melli’s appeal of a lower court ruling that allowed victims of militant attacks allegedly backed by Iran to seek millions of dollars in compensation from the bank.
The justices left in place the lower court’s ruling that allowed some plaintiffs, trying to satisfy part of nearly $1 billion in court judgments against Iran, to go after roughly $17.6 million that Visa Inc and Franklin Resources Inc owed to Bank Melli related to credit card use in Iran.
This marked the second time in two weeks the justices have acted in a case in which Iran has refused to pay judgments won in American courts by U.S. plaintiffs who have accused Tehran of complicity in various militant attacks.
The high court on Feb. 21 rejected a bid by another set of plaintiffs to seize priceless Persian artifacts held at a Chicago museum to satisfy a separate $71.5 million court judgment against Iran.
-snip-
Read more: https://www.reuters.com/article/us-usa-court-iran/u-s-top-court-turns-away-dispute-involving-irans-bank-melli-idUSKBN1GH2ST
