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U.S. judge allows terror lawsuits against Arab Bank to proceed

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  • MEW
    Last update - 10:14 03/09/2005 U.S. judge allows terror lawsuits against Arab Bank to proceed http://www.haaretz.com/hasen/spages/620482.html By The Associated
    Message 1 of 1 , Sep 3 4:03 AM
      Last update - 10:14 03/09/2005

      U.S. judge allows terror lawsuits against Arab Bank to proceed
      http://www.haaretz.com/hasen/spages/620482.html
      By The Associated Press


      NEW YORK - A U.S. judge upheld three lawsuits Friday accusing the Jordan-based
      Arab Bank of promoting Palestinian suicide attacks by funneling Saudi money to
      bombers' families.

      U.S. District Judge Nina Gershon denied six of eight counts in Arab Bank's
      March motion to dismiss the litigation, allowing bombing survivors and
      victims' families to move forward with their lawsuits seeking hundreds of
      millions of dollars in damages.

      The lawsuits claim that Arab Bank aided terrorism by acting as the
      administrator of an "insurance plan" by the Saudi Committee in Support of the
      Intifada Al Quds, which paid $5,300 to the families of Palestinian

      bombers killed in attacks by Hamas, Islamic Jihad and Al-Aqsa Martyrs'
      Brigades.

      The plaintiffs are U.S. citizens, including the widow of John Linde Jr., a
      security guard from Missouri who died when a bomb tore apart a vehicle in a
      U.S. diplomatic convoy in the Gaza Strip in 2003.

      Arab Bank contended the lawsuit should be thrown out because the bank had no
      intention of promoting terrorism and because the plaintiffs could not link the
      bank's actions to their injuries or their relatives' deaths.

      "It really opens the way for all of these American terror victims to have
      their day in court," said Mark Werbner, one of the lawsuit's lead attorney.

      In a statement, Arab Bank said it was pleased by the judge's decision to
      dismiss two of the eight counts in the lawsuits. "Arab Bank remains confident
      that it will prevail at trial. The bank abhors terrorism."

      U.S. regulators announced last month that Arab Bank would pay a $24 million
      civil fine for allegedly inadequate controls to prevent money laundering at
      its New York branch. The Central Bank of Jordan, which oversees the operations
      of Arab Bank, announced earlier this year that the New York branch would be
      closed.
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