Iran allegedly supplied a variety of weapons that hurt and killed our veterans as they fought in Iraq and Afghanistan. Several international banks have been implicated in an EFP attack lawsuit for allegedly helping to finance these attacks.

DefenseOne reports that explosively formed penetrators (EFPs) are roadside bombs that killed 196 American soldiers in Iraq in less than six years. From November 2005 to December 2011, there were 861 American troops injured by EFPs.

U.S. military planners were shocked when EFPs appeared on the battlefields of Iraq in 2005. Previous versions of roadside bombs exploded more like fireworks, with shrapnel going in every direction.

EFPs have a more directed force, almost like that of a cannon. An EFP sends a metal disc shooting out at 3,000 meters per second. Metal is propelled that quickly can penetrate the armor of a Humvee.

A Pentagon analyst interviewed by Los Angeles Times writer Andrew Cockburn in 2007 said a 5-pound EFP can do as much damage as a 200-pound IED. An EFP costs $30 or less to create, and various forms of them have been in existence since World War II when Europe used the weapons on the Germans, according to Cockburn’s article.

Iran is a rogue nation known for being a state sponsor of terrorism. The United States has anti-terrorism laws that allow veterans and their families to seek compensation from Iran and the banks that have illegally funded the efforts of terrorists.

HSBC Bank of the United Kingdom, BNP Paribas of France, and Commerzbank of Germany are three financial institutions that pled guilty and/or settled criminal charges plus paid fines to the United States for allegedly helping finance terrorist activity.

These and other banks paid billions of dollars to the U.S. after they processed transactions that were not allowed for Iran and other terror-sponsoring countries. The financial institutions broke the law by helping Iran finance its manufacturing of IEDs (Improvised Explosive Devices), EFPs (Explosively Formed Penetrators), and IRAMS (Improvised Rocket Assisted Munitions).

British newspaper The Telegraph reported in 2006 that Iran was found to run factories making explosive devices that ultimately were used in Iraq.

Admiral Mike Mullen, who was Chairman of the Joint Chiefs of Staff in 2011, said at the time, “Iran is very directly supporting extremist Shia groups, which are killing our troops. They (Iran officials) are shipping high-tech weapons in there – RAMs, EFPs – which are killing our people and the forensics prove that.”

EFP Attack Lawsuit Holds Financiers Responsible

U.S. Congress placed sanctions on Iran to prevent the country from committing terrorist acts and from sponsoring terrorist acts of others. The sanctions were intended to severely restrain Iran from having the funds necessary to be in the weaponry business.

Iran convinced a handful of banks to ignore the sanctions in exchange for promises of large profits. The United States law enables victims of a terrorist attack to file an EFP attack lawsuit against conspirators who assisted in making the terrorist attacks possible.

If you or a loved one were injured by a terrorist attack while serving in Iraq or Afghanistan, you could be eligible to participate in an EFP attack lawsuit.

If you or a loved one was injured or killed by an IED or EFP while fighting in the Iraq or Afghanistan wars, legal recourse is available. Get help now by filling out the form on this page for a FREE case evaluation.

The attorneys who work with Top Class Actions will contact you if you qualify to let you know if an individual lawsuit or anti-terrorist class action lawsuit is best for you. (In general, anti-terrorist lawsuits are filed individually by each plaintiff and are not class actions.) After you fill out the form, the attorneys who work with Top Class Actions will contact you if you qualify to let you know if an individual lawsuit or class action lawsuit is best for you. Hurry — statutes of limitations may apply.

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