February 9, 2018
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.
To read the article in its entirety on Reuters, click here.…