Gilbert Chagoury Announces US Government Settles Chagoury Lawsuit

Today, in settling with Mr. Chagoury, the US Government stipulates that Mr. Chagoury does not now and never has appeared on the specially designated nationals (SDN) list and therefore the government has not blocked his assets. The government further acknowledges that no US financial institutions are precluded from conducting business with Mr. Chagoury.

Today, in settling with Mr. Chagoury, the US Government stipulates that Mr. Chagoury does not now and never has appeared on the specially designated nationals (SDN) list and therefore the government has not blocked his assets. The government further acknowledges that no US financial institutions are precluded from conducting business with Mr. Chagoury.

In settling with Mr. Chagoury, the US Government also recognized that unauthorized leaks to the media may violate federal law and could be subject to different types of punishment or disciplinary action.

"I am pleased that the US Government has officially recognized that I am not and have never been on the SDN list, and that this matter that began due to someone spreading false and injurious information about me is finally closed," Chagoury said.  "As I have often said, I have loved America my whole life because it was the land of freedom and justice. I started coming to the United States over 35 years ago and have done everything I can to help America over my long career. I hope that this agreement with the government will help me repair my reputation and will allow me to move forward from this unfortunate episode."

Contact: Mark Corallo
703-838-9705