Adding to an ever-growing list of rulings in a case that has spanned almost 30 years, a federal judge in Washington, D.C., on Tuesday entered a nearly $44 million judgment against Iran in litigation that McKesson Corp. brought over its financial interest in an Iranian dairy.
Following the Iranian revolution in 1979, McKesson sued Iran in Washington’s federal trial court over allegations Iran illegally withheld dividends the dairy issued and that Iran expropriated the company’s 31 percent interest in the dairy. The suit has dragged on for 28 years over liability issues. The background’s here.
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