Attorney for Deutsche Borse Subsidiary Clearstream Says Transfer of Iranian Central Bank Money Not Legally Relevant ; Beirut Bombing Victim Group Asks President Obama to Stop Nyse Merger
U.S. Newswire › December 12, 2011
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WASHINGTON, Dec. 12, 2011 /PRNewswire/ -- An attorney for Clearstream Banking, SA told a federal court in New York recently that even if the bank fraudulently transferred funds belonging to Bank Markazi, Iran's Central Bank, out of the U.S. financial system to keep them from being paid to Americans killed and injured in Iranian acts of terror, it is not "relevant" to American law designed to prohibit such activity.
In light of that position, surviving victims and families of the 1983 Beirut bombing have sent a letter to President Obama expressing their concern that the merger of the New York Stock Exchange and Deutsche Borse, Clearstream's parent company, presents a national security threat.See the full content of this document
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Attorney for Deutsche Borse Subsidiary Clearstream Says Transfer of Iranian Central Bank Money Not Legally Relevant ; Beirut Bombing Victim Group Asks President Obama to Stop Nyse Merger
In procedural arguments before Magistrate Judge Gabriel Gorenstein of the U.S. District Court for the Southern District of New York, Frank Panopoulos, an attorney representing...
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