Standard Chartered Settles £1.5 Billion Iranian Sanction Suit in London
Insurance Journal·2025-12-05 21:39

Standard Chartered Plc has settled an investor lawsuit worth £1.5 billion ($2 billion) over allegations it systematically breached sanctions against Iran to win new business.In a London Court of Appeal ruling over disclosure published on Friday, the judge acknowledged the settlement with more hundreds of investors. “After a draft of this judgment was circulated to the parties, they reached a settlement of the entire action,” the judge said. “The settlement is not material to the group’s operating results or ...