New York Times
April 8, 2015
Stephanie Clifford
A federal judge in Brooklyn on Wednesday largely upheld a jury verdict that found a Middle Eastern bank liable for 24 terrorist attacks, but agreed to drop two of those attacks from the verdict.
In addition to challenging the verdict, the bank, Arab Bank, had sought a new trial and an expedited appeal. But the judge, Brian M. Cogan, denied both motions and said the bank could not appeal the jury’s decision until after the damages portion of the trial.
In September, the jury in Federal District Court found Arab Bank liable for knowingly supporting terrorism by allowing money linked to the terrorist group Hamas to be sent through its banks. That financial support, the jury found, made Arab Bank, which is based in Jordan, liable for two dozenHamas attacks during the second Palestinian intifada of the early 2000s.
The verdict was the first to find a bank liable in a civil suit under a United States antiterrorism statute. Several similar cases in which other banks are accused of being liable for supporting terrorism are proceeding.
To read the article in its entirety on New York Times, click here