Three months after they were soundly defeated in the liability phase of a landmark terror financing trial, lawyers for Arab Bank plc are hoping to evade a trial on damages altogether. Instead of putting damages before a jury early next year, they’ve asked a judge to adopt an award levied against Iran in a related case, and to enter judgment so that their client can immedately appeal.
The plaintiffs—about 300 American victims of terror attacks and their families—allege Arab Bank knowingly lent material support to Hamas by maintaining accounts for Hamas members and facilitating “martyr payments” to the families of suicide bombers. In September, a Brooklyn jury found Arab Bank liable for two dozen separate acts of terror carried out by Hamas during the second Palestinian Intifada. U.S. District Judge Brian Cogan asked both sides last month to submit proposals for discovery and trial to determine damages.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
