February 9, 2018
A federal appeals court on Friday rejected a 2014 jury verdict that found Jordan-based Arab Bank liable in overseas suicide bombings that harmed Americans, triggering an already reached settlement between the bank and the victims in the closely watched case.
The ruling by the 2nd U.S. Circuit Court of Appeals found a lower-court judge gave faulty instructions to the jury and normally would have set the stage for a retrial, but the litigants negotiated how to settle the case under terms dictated by how the appeals court ruled.
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