The estates of survivors and families of victims of a 1983 bombing in Beirut that killed 241 U.S. servicemen dropped their lawsuit against Standard Chartered PLC.
The dismissal was disclosed in a court filing in Manhattan federal court on Wednesday. Reuters reported earlier on the filing.
In the suit, the estates said that the London-based bank helped Iran hide 60,000 transactions from U.S. regulators, which also meant it helped keep assets hidden from the victims of the bombing.
The group was awarded $2.66 billion in damages from Iran by a 2007 ruling from federal court in Washington D.C. that found Tehran liable in the bombing.
To collect that money, the plaintiffs’ group has filed various lawsuits.
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I write the Corruption Currents blog, which is hosted on the Wall Street Journal's website.
I'm 26 and I live in Astoria, Queens. I listen to a ton of music and read a lot about politics, public policy, the news media and the future of journalism. I also am a big fan of the Knicks, Jets and Mets. Expect a heavy dose of things to read. • Ask me anything
Samuel Rubenfeld's Tumblr
Families of Victims in 1983 Beirut Bombing Drop Suit Against Standard Chartered - Corruption Currents - WSJ
