Bloomberg, January 30, 2012 – kyo-Mitsubishi UFJ Ltd. was ordered by a judge to turn over funds belonging to Iran-based entities to the families of 17 U.S. Air Force service members killed in a 1996 attack in Saudi Arabia.
U.S. District Judge P. Kevin Castel in Manhattan ordered the transfer today. The assets at issue total about $357, 000 and Bank of Tokyo said it doesn’t oppose releasing them, according to the filing.
The families sought the judgment against Iran after a federal court in Washington ruled Iran provided support for the attacks and entered judgment against Iran for damages of $336 ، 658 ، 063 , according to today’s ruling.
The case is Estate of Michael Heiser, 11-cv-1601 , U.S.District Court , Southern District of New York (Manhattan).