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. service members injured by Iranian instruments of terror and families of service members 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.

EFP Roadside Bomb Injury Lawsuits

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You may have a claim against banks that illegally funded terrorism

U.S. military service members and contractors harmed by Iranian-backed terrorist devices, such as explosively formed penetrators or projectiles (EFPs), may have a personal injury cause of action against the banks who facilitated the attacks by laundering money for Iran. Families of people killed in terrorist attacks may also sue for wrongful death. A number of banks have already pled guilty or reached a settlement, requiring them to make substantial contributions to the Iraq War Fund, a pool of compensation for eligible victims. At Marcari, Russotto, Spencer & Balaban, we want to help you and your family obtain the maximum amount of compensation possible for your financial losses, your pain and suffering, and your loss of quality of life.

Who may file an EFP lawsuit?

To make a claim, we must obtain a federal court judgment by proving a causal connection between the bank’s malfeasance and your injury or your loved one’s wrongful death. It has already been proven that the banks funneled cash to Iran and that Iran sent terrorist devices and enabled them to be produced in Iraq, Afghanistan and other areas where the war on terror was waged. So, all we must prove is that your injury occurred from 2004 forward and was caused by an Iranian-linked device. These devices may include:

  • IEDs — Improvised explosive devices
  • EFPs — Explosively formed penetrators
  • RPGs — Rocket-propelled grenades
  • IRAMs — Improvised rocket-assisted munitions

These sophisticated devices, their parts, and instructions were imported into Afghanistan and Iraq to kill American and coalition forces and terrorize the communities that were cooperating with the war effort. Now, the banks that financed these operations are being held accountable.

In addition to the injured veterans and the children and widows of vets killed by these explosive devises, defense contractors who were injured by blasts may make a claim against the Iraq War Fund.

Compensation for a range of catastrophic injuries and death

The effects of EFPs were and continue to be devastating for Americans in the combat zone. At Marcari, Russotto, Spencer & Balaban, we want to see you fully compensated for the harm you suffered from a blast injury, including:

  • Loss of life of a loved one
  • Suicide of a loved one due to EFP-related mental impairment
  • Loss of limbs or amputation
  • Traumatic brain injury (TBI)
  • Spinal cord injury and paralysis
  • Loss of vision
  • Blast injuries, shrapnel wounds and scars
  • Post-traumatic stress disorder (PTSD)

The Iraq War Fund is not open to all casualties of war — only to those who can prove by a preponderance of the evidence that an Iranian-backed terror device caused their injury. This type of case is not easy to make, so you must retain a capable veterans attorney with knowledge of service-related injuries. Our attorneys have more than 150 years of combined experience with both personal injury cases, and veterans’ disability cases throughout the country. We have the skill and determination to fight for you.

Relationship between IED/EFP Roadside Bomb and VA disability benefits

Lawsuits seeking payment under the Iraq War Fund are completely separate from VA disability benefits. Even if you are not receiving VA disability benefits, you may still file an IED/EFP roadside bomb lawsuit. Filing the IED/EFP will not affect your disability claim.

However, if you were injured by a blast in Iraq or Afghanistan, you may also be entitled to VA disability benefits. If you have been denied such a claim, we may be able to help you get the benefits you deserve.

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.