Supreme Court Passes on Claim Banks Liable in Iraq Terror Deaths

The Supreme Court refused to look at whether HSBC Holdings PLC, Barclays Bank PLC, and other global banks can be held liable for funding terrorism tied to the deaths or injuries of US service personnel in Iraq.

The justices on Monday denied review of a suit brought by victims and their families alleging the financial institutions are culpable under federal law for conspiring with Iranian-controlled entities to launder billions through the US financial system.

Several banks admitted in deferred prosecution agreements to conspiring with US-designated Iranian state-controlled entities to evade sanctions meant to thwart the financing of terrorism.

But the ...