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outsider Trustworthy Freedom Fighter
Joined: 30 Jul 2006 Posts: 6060 Location: East London
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Posted: Sun Mar 13, 2016 10:44 am Post subject: Iran Told to Pay $10.5 Billion to Sept. 11 Kin, Insurers |
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Iran Told to Pay $10.5 Billion to Sept. 11 Kin, Insurers:
http://www.bloomberg.com/news/articles/2016-03-10/iran-told-to-pay-10- 5-billion-to-sept-11-kin-insurers
'Iran hit with judgment after failing to defend court claims
Claimants may use law allowing victims of terrorism to collect damages from an unwilling foreign nation, the plaintiffs may try to collect part of the judgments using a law that permits parties to tap terrorists’ assets frozen by the government.
The case is In Re Terrorist Attacks on September 11, 2001, 03-cv-09848, U.S. District Court, Southern District of New York (Manhattan).
Iran was ordered by a U.S. judge to pay more than $10.5 billion in damages to families of people killed in the Sept. 11, 2001, terrorist attacks and to a group of insurers.
U.S. District Judge George Daniels in New York issued a default judgment Wednesday against Iran for $7.5 billion to the estates and families of people who died at the World Trade Center and Pentagon. It includes $2 million to each estate for the victims’ pain and suffering plus $6.88 million in punitive damages.
Daniels also awarded $3 billion to insurers including Chubb Ltd. that paid property damage, business interruption and other claims.
Earlier in the case, Daniels found that Iran had failed to defend claims that it aided the Sept. 11 hijackers and was therefore liable for damages tied to the attacks. Daniels’s ruling Wednesday adopts damages findings by a U.S. magistrate judge in December. While it is difficult to collect damages from an unwilling foreign nation, the plaintiffs may try to collect part of the judgments using a law that permits parties to tap terrorists’ assets frozen by the government.
The case is In Re Terrorist Attacks on September 11, 2001, 03-cv-09848, U.S. District Court, Southern District of New York (Manhattan).' _________________ 'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7. |
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ian neal Angel - now passed away
Joined: 26 Jul 2005 Posts: 3140 Location: UK
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outsider Trustworthy Freedom Fighter
Joined: 30 Jul 2006 Posts: 6060 Location: East London
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Posted: Sun Mar 13, 2016 8:11 pm Post subject: |
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Also opens up possibilities re Sandinista claims, accepted by the World Court, re US mining of Nicaraguan port:
'U.S. Defies World Court Ruling
Administration Breaks Off Talks With Nicaragua
'WASHINGTON — The United States suspended talks with Nicaragua Friday and said it would boycott World Court proceedings on Nicaragua`s case against the United States for supporting anti-Sandinista rebels and mining Nicaragua`s harbors.
The decision to boycott the proceedings defies the court`s ruling that it has jurisdiction in the case and means that the United States will not be present to defend itself against Nicaragua`s charges later this year.'
One law for the a**holes, one law for the just. _________________ 'And he (the devil) said to him: To thee will I give all this power, and the glory of them; for to me they are delivered, and to whom I will, I give them'. Luke IV 5-7. |
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outsider Trustworthy Freedom Fighter
Joined: 30 Jul 2006 Posts: 6060 Location: East London
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