Supreme Court Urged To Free Iranian Cash Held By JPMorgan

Law360 (February 7, 2019, 4:50 PM EST) -- The U.S. Supreme Court has been urged to review a case brought against JPMorgan Chase by a former CNN journalist held hostage in Lebanon during the 1980s so it can correct the Second Circuit’s alleged error in affirming a decision not to order the release of $3.18 million in funds tied to Iran.

The high court should clarify that the Second Circuit erred by affirming the Southern District of New York’s determination that money in a frozen account held by JPMorgan Chase Bank NA should not be transferred to Jeremy Levin to partly satisfy a $28.8 million judgment against Iran that...

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