New York: Jury: Arab Bank liable in terror attacks

Jury: Arab Bank liable in terror attacks September 22, 2014 16:44 EDT

NEW YORK (AP) — A U.S. jury has decided that a large Jordan-based bank was liable in a wave of suicide bombings in the early 2000s that left several Americans dead or wounded.

Jurors reached the verdict on Monday at a civil trial in federal court in Brooklyn.

American victims of terrorist attacks in Israel had sued Arab Bank in 2004. They accused the institution of knowingly funneling cash payments from Hamas to the families of bombers from Gaza and the West Bank.

Arab Bank executives testified that they weren’t aware that the bank had any ties to extremists.

The case marked the first time a bank has faced a trial under the Anti-Terrorism Act. The law allows victims of U.S.-designated foreign terrorist organizations to seek compensation.

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2 Responses to New York: Jury: Arab Bank liable in terror attacks

  1. Reblogged this on Our New World and commented:
    This could set a very strong precedent. I wouldn’t be at all surprised to see more banks get sued for terrorist attacks. -LW


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