Itek Corporation v. The First National Bank of Boston, Bank Melli Iran, Itek Corporation v. The First National Bank of Boston

COFFIN, Chief Judge.

This is an appeal by defendants First National Bank of Boston and Bank Melli Iran from a judgment and orders of the United States District Court for the District of Massachusetts. Although the proceedings below are extended and complex, the issues that we deem dispositive are relatively narrow. They involve the validity and applicability to this case of a regulation promulgated after the district court’s judgment that withdraws the court’s authority to render that judgment.

Background and Proceedings Below

The dispute between the parties concerns the validity of demands made…