Federal Judge Finds Company Has Satisfied Payment Of Award To Iran

Federal Judge Finds Company Has Satisfied Payment Of Award To Iran

SAN DIEGO - A federal judge in California on June 12 ruled on various issues in a longstanding dispute over contracts between a U.S. company and the Ministry of Defense and Support for the Armed Forces of the Islamic Republic of Iran, declaring that the company has satisfied a judgment confirming an international arbitration award that was issued in favor of Iran in 1998 (Ministry of Defense and Support for the Armed Forces of the Islamic Republic of Iran v. Cubic Defense Systems Inc., et al.,  No. 98-CV-1165-B, S.D. Calif.; 2012 U.S. Dist. LEXIS 81999).

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