U.S. Victims of Attacks in Israel Sue Swiss Bank

[Reuters] American victims of bombings and rocket attacks in Israel have sued Swiss bank UBS AG for more than $500 million, accusing the bank of helping fund the militants behind the attacks through dealings with Iran. The lawsuit seeks damages from Switzerland's largest bank for more than 50 U.S. citizens hurt or relatives of those killed in bombings in Israel between 1997 and 2006 that it said were carried out by militant groups Hizbullah, Hamas and the Palestinian Islamic Jihad. Because of U.S. sanctions on financial dealings with Hamas and Hizbullah, Iran's financial backing "substantially increased" the militants' ability to carry out bombings, the lawsuit said.

2008-05-13 01:00:00

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