Arab Bank Wins U.S. Appeal over Terror-Finance Claims

(Reuters) Nate Raymond - The 2nd U.S. Circuit Court of Appeals in New York on Tuesday upheld a 2013 ruling that non-U.S. citizens could not pursue claims against the Jordan-based Arab Bank Plc, which a jury last year found liable for providing material support for Hamas in a trial pursued by Americans. More than 6,000 plaintiffs accused Arab Bank of financing terrorism by providing services to Hamas, Palestinian Islamic Jihad, the Al-Aqsa Martyrs' Brigades and others behind attacks in Israel, the West Bank, and Gaza from 1995 to 2005. Arab Bank agreed in August to settle lawsuits by about 500 U.S. citizens who sued it under the U.S. Anti-Terrorism Act, which permits U.S. citizens to pursue claims arising from international terrorism.

2015-12-09 00:00:00

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