Iran ordered to pay $40m for taking share of dairy

Published March 27, 2013 8:42pm ET



WASHINGTON (AP) — A federal judge has ordered Iran to pay $40.55 million for confiscating an American company’s share in an Iranian dairy.

In a ruling Wednesday, U.S. District Court Judge Richard J. Leon awarded McKesson Corp. $29.3 million in damages and interest for expropriated equity and dividends — and $11.2 million in attorney’s fees and other costs.

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