McKesson Interest Award in Iran Case Reversed on Appeal
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A decision to award $23.9 million in compound interest to McKesson Corp. in a 30-year dispute over a dairy seized by the Iranian government during the country’s 1979 revolution was reversed by an appeals court.
U.S. District Judge Richard Leon in Washington ruled in November 2010 that Iran violated its own laws and international laws when it took control of Pak Dairy Co. and withheld dividends from San Francisco-based McKesson.