Dist. Ct. did not err in granting motion by two foreign banks, who had branches in Chicago, Illinois, to quash subpoenas served on them by plaintiffs, who had previously received $67 million default judgment against defendant-Iran, where plaintiffs sought information as to whether said banks had any Iranian assets located in banks’ overseas branch banks. Record showed that instant banks’ 17 branch banks in U.S. did not have any Iranian assets, and Ct. of Appeals agreed with banks that Dist. Ct. lacked personal jurisdiction over banks’ foreign home offices or over banks' approximately 7,500 branch banks located overseas so as to have overseas branch banks be subject to instant subpoena. As such, plaintiffs will be required to go overseas to seek information about Iranian assets from said overseas branch banks. Ct. further questioned why plaintiffs filed suit to enforce their judgment in instant Dist. Ct., where plaintiffs were not residents of Illinois.
Federal 7th Circuit Court
Civil Court
Subpoenas