Monday couldn’t have gone any better for the motley coalition of U.S. plaintiffs lawyers spearheading terror funding litigation against international banks in New York. After a historic five-week trial in Brooklyn federal court, they won a verdict that Arab Bank plc provided material support to the designated terrorist group Hamas. And, as if that weren’t enough, a federal appeals court in Manhattan revived a similar case against the U.K.’s National Westminster Bank plc.
After two days of deliberation, the Brooklyn jury found that Arab Bank knowingly processed payments for Hamas and is therefore liable for 24 acts of terrorism committed by the organization in the Middle East. The verdict came in the first ever trial of civil claims against a bank under the Anti-Terrorism Act. The roughly 300 plaintiffs—American victims of the attacks and their families—will have a follow-on trial to determine damages.
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