Cutting short a dispute over how to sort out damages for roughly 300 plaintiffs in the wake of a landmark terrorism financing verdict, a Brooklyn federal judge late Wednesday ordered a bellwether trial to begin in May 2015. The jury will decide how much Arab Bank plc should pay to more than a dozen American family members and victims of Hamas attacks in Israel in 2002 and 2003.
“We hope the court will be as expeditious in approving the bank’s path to appeal as it has been in ordering a very complex damages proceeding to be completed under an extraordinarily compressed timeframe,” Arab Bank said in an emailed statement.
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