Second Circuit Overturns Verdict in Linde v. Arab Bank

Reuters
February 9, 2018
Jonathan Stempel

A U.S. appeals court has thrown out a 2014 jury verdict finding Arab Bank Plc liable for knowingly supporting militant attacks in Israel linked to Hamas, a decision that triggers a settlement agreement with hundreds of plaintiffs.

Friday’s decision by the 2nd U.S. Circuit Court of Appeals ends 13-1/2 years of litigation over Arab Bank’s liability, which the Jordanian lender has disputed, for 24 attacks in and around Israel in the early 2000s.

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