Beirut Bombing Victims Win A Nearly $2 Billion Judgment In New York

WASHINGTON, March 1, 2013 /PRNewswire/ -- Judge Katherine B. Forrest of the U.S. District Court of the Southern District of New York yesterday cleared the way for the victims of the 1983 Beirut bombing to collect $1.8 billion of their $2.65 billion judgment against Iran for its role in the bombing.

As a result of the Judge Forrest's ruling, the 1300 immediate families and survivors of the 241 American servicemen who were killed in the Iran-sponsored bombing are significantly closer to receiving approximately $1.8 billion in Iranian funds held in an account in Citibank in New York.

The ruling came as a component judgment in a lawsuit filed against Clearstream Banking SA. The families claimed in that suit that Clearstream illegally diverted $250 million from frozen Iranian funds from the Citibank account, a suit originating in 2008.

Lynn Smith Derbyshire, the national spokesperson for the Beirut bombing victims, said, "This is a wonderful day. After 30 years of seeking justice against the murderers in Iran, who killed the brave U.S. Marines and other servicemen in 1983 in Beirut, we are almost there. That bombing was vile. It was evil. Iran should by every measurement be made to pay for its crimes, and Judge Forrest has shown wisdom in her ruling."

Ms. Derbyshire's brother, Marine Captain Vincent Smith, was killed in the bombing.

Today's ruling was made easier by a bi-partisan provision inserted into the Iran Sanctions Bill of 2012, which clarified the enforcement of existing laws governing how Iranian funds located in the United States can be attached in cases involving American victims of terrorism.

“All of our families are extremely grateful to those in Congress who supported us, especially Senators Kirk (R-IL) ,Menendez (D-NJ), Schumer (D-NY), and Majority Leader Reid (D-NV).   We also thank then- House Foreign Relations Chair Ileana Ros Lehtinen (R-FL), House Financial Services Chair Spencer Bachus (R-AL) and Judiciary Committee Chair Lamar Smith (R-TX),  for their diligent efforts in holding Iran responsible for its terror and mayhem,” Ms. Derbyshire said.

Further details from Judge Forrest's order will be available in the near future.

Source:  This news release is prepared and distributed by Saylor Company Public Relations under the authority and guidance of Thomas Fay, Esq. and Steve Perles, Esq.

SOURCE Saylor Company Public Relations under the authority and guidance of Thomas Fay, Esq. and Steve Perles, Esq.

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