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U.S. judge dismisses Iraq’s oil-for-food suit

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.

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