HSBC Case

FREEMAN v. HSBC

 

Osen LLC (together with Turner & Associates, P.A.) represents more than 130 families of Americans who were victims of Iranian-supported terrorism in Iraq between 2004 and 2011. In fact, more than 1,000 U.S. servicemen and women were killed or injured by Iranian-designed and manufactured improvised explosive devices (IEDs), and our research team has identified hundreds of attacks caused by Iranian- designed explosively formed penetrators (EFPs) and improvised rocket-assisted munitions (IRAMs).

 

The case, captioned Freeman v. HSBC, was filed in federal district court in Brooklyn, New York on Veteran’s Day of 2014. The Complaint alleges that HSBC, Standard Chartered Bank, Barclays, Commerzbank, Credit Suisse and RBS N.V. conspired with Iran and Iranian banks, including Bank Saderat Iran’s wholly-owned UK subsidiary, Bank Saderat Plc, resulting in the transfer of: (1) billions of U.S. dollars through the United States in a manner designed to circumvent U.S. regulators’ and law enforcement agencies’ ability to detect and monitor the transactions; and (2) hundreds of millions of U.S. dollars to Iran’s Islamic Revolutionary Guard Corps-Qods Force (“IRGC-QF”), Foreign Terrorist Organization Hezbollah, and other terrorist organizations and entities murdering and maiming U.S. servicemen and civilians in Iraq.

 

Freeman is the first lawsuit of its kind, brought on behalf of Goldstar families, and wounded veterans and American military contractors and their families, all seeking to hold major international banks accountable for their illegal dealings with Iran. If you or someone you know has been killed or injured in Iraq between 2004 and 2011 by an IED, contact us to find out if you may qualify to participate in the Freeman case.


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Military families claim six banks funded terrorism during war

Hundreds of military families are suing six banks accused of helping to move millions of dollars to groups targeting US soldiers in Iraq during the war. Attorney Gary Osen and Patrick Farr, whose son was killed by an Iranian-manufactured IED, discuss.