Justice at last.
In a historic decision, the U.S. Supreme Court today ruled in favor of the families who lost loved ones in the 1983 Beirut Marine Barracks Bombing, paving the way for them to recover against state sponsors of terrorism. Opinion here
The appeal by the Central Bank of Iran hinged on the SCOTUS decision on whether the act of congress predetermined the outcome of just one case. This win puts 1.75 Billion into the hands of the survivors and the victims families at some point this year.
Congratulations to the lawfirm and legal team Fay Kaplan Law, of Washington, D.C. Specifically to Tom, Caragh, Murphrey and Robin.
At Milestone, we intend to offer pro-bono structured settlements to all of these families, we will first have to get the buy-in of the insurance industry. The law has already been changed in New York so that we may do so, similar to how we did subsequent to the September 11th attacks. Our local Business First ran this article earlier this year. See Governor Cuomo announcement here. We hope to inspire Metlife, New York Life, USAA, Liberty Mutual, Mutual of Omaha, Prudential and Pacific to help us lead in this effort.
Money born from the sacrifice of our servicemen should be well planned for. This decision 32 years after the terrorist attack can impact these families for generations. The potential good that can come from it is unlimited. With the right intentions, diligence and thorough planning, families can create charities in their loved ones names, be philanthropic to causes in the service members name and provide education and well being for the families for years to come.
It’s a proud day to be a settlement planner by trade, and its an honor to be involved in this unprecedented litigation.
A West Point graduate where he served as captain and military aviator, John Bair continues his commitment to our country through his efforts within the settlement planning industry. He has represented families of victims lost in the Flight 3407 crash, offered pro bono services to the families of 9/11 victims and drafted the first consumer protection bill for plaintiffs (H.R. 3699).