A Manhattan federal judge on Friday delayed Halkbank’s arraignment on charges that it helped Iran avoid more than $20 billion in U.S. economic sanctions, after the bank’s King & Spalding attorneys said they needed until the end of March to obtain written permission to appear in the Southern District of New York.
The order, from U.S. District Judge Richard M. Berman, followed a hearing earlier this week, in which King & Spalding partner Andrew Hruska said the Turkish state-owned bank was prepared to plead not guilty in the case, after it had refused for months to respond to the charges against it.
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