Iraq Oil Report's Daily Brief compiles the most important news and analysis about Iraq from around the web.
A U.S. judge on Wednesday dismissed Iraq's lawsuit accusing dozens of companies of conspiring with Saddam Hussein's regime to frustrate the United Nations' oil-for-food program, and depriving Iraqi citizens of roughly $10 billion of essential aid. U.S. District Judge Sidney Stein in Manhattan said the government of Iraq could not recover damages and other remedies [...]
U.S. judge dismisses Iraq’s oil-for-food suit
Published Wednesday, February 6th, 2013
Jonathan Stempel reports for Reuters:
A U.S. judge on Wednesday dismissed Iraq's lawsuit accusing dozens of companies of conspiring with Saddam Hussein's regime to frustrate the United Nations' oil-for-food program, and depriving Iraqi citizens of roughly $10 billion of essential aid.
U.S. District Judge Sidney Stein in Manhattan said the government of Iraq could not recover damages and other remedies under a U.S. anti-racketeering law because most of the wrongful conduct took place in foreign countries.
Click here for the entire story
