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Economy

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10. Arab Bank Held Liable For Nearly 300 Americans' Losses In First Civil Terrorism Case

Tue Sep 23, 2014, 06:56 AM

Sep 2014

http://www.businessinsider.com/arab-bank-liable-for-americans-loss-in-first-civil-terrorism-case-2014-9

NEW YORK (Reuters) - In a first-of-its-kind case, a U.S. jury on Monday said Arab Bank Plc provided material support to Hamas, and must therefore compensate the victims of two dozen attacks the Islamic militant group allegedly carried out in Israel and the Palestinian territories.

The judgment, which followed a closely watched six-week trial in Brooklyn federal court, came in what lawyers said was the first terrorism financing civil case to reach trial in the United States.

Nearly 300 Americans who were either victims or related to victims of the attacks had sued Arab Bank.

Read more: http://www.businessinsider.com/arab-bank-liable-for-americans-loss-in-first-civil-terrorism-case-2014-9#ixzz3E8RkBJOS

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