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Publish date: Tuesday 06 March 2018
view count : 107
create date : Tuesday, March 6, 2018 | 1:35 PM
publish date : Tuesday, March 6, 2018 | 1:35 PM
update date : Tuesday, March 6, 2018 | 1:35 PM

US top court turns away dispute involving Iran's Bank Melli

  • US top court turns away dispute involving Iran's Bank Melli
Bank Melli Iran

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, Reuters reported.

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.

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.

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