Potential problems ahead for the 200-solider lawsuit against Western banks funding sanctioned terrorist organizations

By Catherine Kent

Reuters reported on April 6, 2015 that lawyer Gary Osen filed an amended complaint in federal district court in Brooklyn against six Western banks for conspiring with Iranian banks to circumvent U.S. sanctions on Iran. The plaintiffs, over 200 former U.S. soldiers and their families, claim to have been victims of Iran-sponsored attacks during the Iraq war. The six Western banks have allegedly masked wiring of $60 million worth in transactions with Iranian banks designated by the US to be terrorist organizations.


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