September 22, 2014
An 11-member Brooklyn jury found Arab Bank liable for facilitating terrorist acts in Israel and the Occupied Territories, handing plaintiff lawyers a big victory in their campaign to win damages over terrorist attacks — and presenting big headaches to international banks and the U.S. State Department, which sees such lawsuits as potential complications to its foreign relations.
The jury handed down its verdict against the Jordanian bank after less than two days of deliberations. Arab Bank’s lawyers had tried to convince jurors not to hold the bank liable for processing payments that wound up in the hands of Hamas operatives and their family members, saying all but two of the contested transactions passed through federal electronic filters designed to flag terrorist suspects.
To read the article in its entirety on Forbes, click here.