US: Arab Bank liable over Hamas attacks

Jurors needed less than two days of deliberations to reach their verdict after a six-week trial in Brooklyn federal court.

US: Arab Bank liable over Hamas attacks

World Bulletin / News Desk

A U.S. jury on Monday found Arab Bank Plc liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the group in Israel and Palestine.

Jurors needed less than two days of deliberations to reach their verdict after a six-week trial in Brooklyn federal court, which lawyers described as the first 'terrorism' financing civil case to reach trial in the United States.

A trial on damages will be held later. Similar lawsuits are pending in New York against Bank of China Ltd, which is accused of providing services to Palestine Islamic Jihad, and Credit Lyonnais SA, which is accused of aiding Hamas. Those banks have denied the respective allegations.

Nearly 300 Americans who were either victims or related to victims of attacks linked to Hamas had sued Arab Bank in 2004.

They accused the Jordanian bank of violating the Anti-Terrorism Act, a law that lets victims of U.S.-designated foreign terrorist organizations such as Hamas seek damages.

"It has been a long haul," said plaintiff Maida Averbach, 76, who said her son was paralyzed from the neck down in a 2003 suicide bombing and died in 2010 from complications.

Arab Bank said it would appeal. In a statement, the bank said the verdict "comes as no surprise" after a series of what it considered legally incorrect court rulings that kept it from mounting a proper defense, and effectively "put Hamas on trial."

The bank also said the verdict exposes banks such as itself to "enormous liability" for providing routine banking services.

Shand Stephens, a lawyer for Arab Bank, predicted that the 2nd U.S. Circuit Court of Appeals "is going to reverse this."

Mark Werbner, a lawyer for some of the plaintiffs, said the verdict sends a message that "when a bank opens its doors to terrorists, they're going to be held accountable."

In a separate case, the 2nd Circuit ruled on Monday that Royal Bank of Scotland Group Plc's National Westminster Bank unit must face claims by terrorism victims over banking services it gave a charity linked to Hamas.

According to the Jordan Times, Arab Bank will appeal a New York jury that found the Amman-based bank liable on counts of providing material support to Palestinian group Hamas, its lawyer announced Tuesday.

Last Mod: 23 Eylül 2014, 15:29
Add Comment