Iraq War Fund Provides Compensation for U.S. Veterans Injured by IEDs, EFPs, Roadside Bombs in Iraq and Afghanistan

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Veterans’ rights attorneys fight for victims of Iran-financed attacks

When the United States took the lead in the war against international terror, we anticipated that rogue nations would band together. But what shocked the conscience of the civilized world was the willingness of reputable financial institutions to carry out criminal conspiracies to aid the enemy. Several foreign banks violated U.S. and international law by giving Iran, a designated state sponsor of terrorism, access to billions of dollars in a complex money-laundering scheme. Now, these banks are being held accountable to U.S. servicemembers who were injured by Iranian activities in Afghanistan, Iraq and other theaters of the war in the Middle East.

What is the Iraq War Fund?

The Iraq War Fund is a compensation pool created by several banks that have either pled guilty to criminal charges or have reached a settlement for deferred prosecution. These banks, and their sanctions, include:

  • Barclays Plc
  • BNP Paribas S.A.
  • Commerzbank AG
  • Credit Suisse AG and Credit Suisse Asset Management Limited
  • HSBC Holdings Plc
  • Standard Chartered Plc

A portion of each settlement is being set aside to compensate victims of Iranian-backed terrorism and their families. The name “Iraq War Fund” is a bit of a misnomer, because the funds may also be available to victims of incidents in Afghanistan and other countries where Iran instigated terror attacks.

U.S. Anti-Terrorism Act gives certain veterans and families the right to sue

Under provisions of the Anti-Terrorism Act, victims of terrorism may sue “any person who aids and abets, by knowingly providing substantial assistance, or who conspires with the person who committed such an act of international terrorism.” The banks provided substantial assistance to Iran’s terrorist activities. Therefore, U.S. servicemembers injured by Iranian instruments of terror and families of servicemembers can sue the banks for compensation.

To receive compensation from the Iraq War Fund, plaintiffs must receive a verdict in federal court in Washington, D.C., and they must act quickly while the funds last. There is no guarantee that more money will be added to the Iraq War Fund in the future.

If you were injured by an IED, EFP, RPG, or IRAM from 2004 forward, contact our experienced injury and veterans’ rights lawyers to see if you qualify.

Contact a trustworthy veterans’ rights law firm for your Iraq War Fund claim

Marcari, Russotto, Spencer & Balaban helps veterans throughout the country maximize their disability benefits claims. We are prepared to pursue your Iraq War Fund claim aggressively to obtain the full compensation you deserve. There are no upfront charges, and we only get paid if you win. Call us today at 866-866-VETS or contact us online to get your claim started.

Founding partner Donald Marcari is a former JAG lawyer whose first case became the basis for the film A Few Good Men. That story exemplifies the lengths to which Don will go to protect his clients' rights and obtain the justice they deserve.