PETERSON v. ISLAMIC REPUBLIC OF IRAN

Docket No. 15-0690 August Term, 2015.

876 F.3d 63 (2017)

Deborah D. PETERSON, et al., Plaintiffs-Appellants, v. ISLAMIC REPUBLIC OF IRAN, Bank Markazi, AKA Central Bank of Iran, Banca UBAE, S.p.A., Clearstream Banking, S.A., JPMorgan Chase Bank, N.A., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: November 21, 2017.


Attorney(s) appearing for the Case

LIVIU VOGEL ( James P. Bonner , Patrick L. Rocco , and Susan M. Davies , Stone Bonner & Rocco LLP, on the brief), Salon Marrow Dyckman Newman & Broudy LLP, New York, New York, for Plaintiffs-Appellants.

DONALD F. LUKE ( Bension D. De Funis , on the brief), Jaffe & Asher LLP, New York, New York, for Defendant-Appellee Bank Markazi, AKA Central Bank of Iran.

UGO COLELLA ( John J. Zefutie, Jr. , on the brief), Thompson Hine LLP, New York, New York, for Defendant-Appellee Banca UBAE, S.p.A.

BENJAMIN S. KAMINETZKY ( Gerald M. Moody, Jr. , on the brief), Davis Polk & Wardwell LLP, New York, New York, for Defendant-Appellee Clearstream Banking, S.A.

STEVEN B. FEIGENBAUM , Levi Lubarsky Feigenbaum & Weiss LLP, New York, New York, for Defendant-Appellee JPMorgan Chase Bank, N.A.

Before: Pooler, Sack, and Lohier, Circuit Judges.


In this litigation, judgment creditors of the Islamic Republic of Iran ("Iran") attempt to execute on $1.68 billion in bond proceeds allegedly owned by Iran's central bank. The Supreme Court has instructed that in an execution proceeding concerning a foreign sovereign's assets, any defense predicated on foreign sovereign immunity...

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