Pa Man Seeks Slice Of Iranian Pie

John Revlas of Holland, Pa. is among those asking a Federal Court to expand the distribution of seized Iranian assets reports Naomi Seligman of Seligman Consulting. Pa Man Seeks Slice Of Iranian Pie

U.S. District Court for the Southern District of New York in 2008 granted summary judgment of $2.65 billion to the plaintiffs in Peterson, et al. vs. Islamic Republic of Iran to compensate for multiple acts of terror sponsored by the rogue nation.

The money is coming from assets held by Bank Markazi, which is the central bank of Iran, and Citibank.

The case was upheld last July by the U.S. Court of Appeals for the Second Circuit.

Bank Markazi is appealing to the Supreme Court.

A separate action adding to the pot of money concerns  the ruling that the Pahlavi Foundation, which owned a skyscraper on Fifth Avenue,  was a front for the Iranian government. Again summary judgment was granted. Compensation from the sale of the building and other property is valued at over $1 billion. This is also slated to go to victims of Iranian-sponsored terrorism.

Revlas, along with Mark Boyd and John Kees want those receiving this money go to victims of the 1983 bombing of the U.S. Marine barracks in Beirut Lebanon. The bombing killed 241 and injured many others.

Relvas’ brother Rui was among the dead, as was Kees’ father. Boyd was a Marine who survived the attack and has joined the suit on behalf of his friends.

The plaintiffs are represented by Karsman, McKenzie & Hart of Savannah, and Cohen Milstein Sellers & Toll which has offices in seven cities including Philadelphia.

While one may wonder what the cut of the law firms will be, we say the less money Iran has the less resources it has to kill those who want to be left alone including its own citizens.

 Pa Man Seeks Slice Of Iranian Pie

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