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Families of Victims in 1983 Beirut Bombing Drop Suit Against Standard Chartered - Corruption Currents - WSJ

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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.