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National Security Law

Will US Supreme Court Ruling on Arab Bank Open Floodgates of Litigation

A landmark anti-terrorism financing case which was presumed dead has now been surprisingly resuscitated by the US Supreme Court and could lead to a flood of new anti-terrorism financing lawsuits by foreigners (including Israelis) against foreign financial entities (including those banking for Palestinian terrorist groups) that do business in the US. This could change the face of international banking and impact the realm of US diplomacy in a variety of unpredictable ways. (The Jerusalem Post) Why did the media on multiple continents jump on what seems to have been just a procedural decision made on Monday by the US Supreme Court to hear the Alien Tort Statute case against the Arab Bank? One word encapsulates the decision’s significance: floodgates.A landmark anti-terrorism financing case which was presumed dead has now been surprisingly resuscitated by the US Supreme Court and could lead to a flood of new anti-terrorism financing lawsuits by foreigners (including Israelis) against foreign financial entities (including those banking for Palestinian terrorist groups) that do business in the US. Read More
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National Security Law

Arab Bank Reaches Settlement in Suit Accusing It of Financing Terrorism

Three days before a first-of-its-kind damages trial was supposed to start, a Middle Eastern bank has reached a settlement with hundreds of American plaintiffs, including victims of terrorist attacks around Israel, who had filed a lawsuit against the bank accusing it of supporting terrorism. A spokesman for the bank, Arab Bank, and a spokeswoman for one of the law firms representing the plaintiffs confirmed on Friday that an agreement had been reached but declined to offer additional details, including the amount of the settlement. (The New York Times) Three days before a first-of-its-kind damages trial was supposed to start, a Middle Eastern bank has reached a settlement with hundreds of American plaintiffs, including victims of terrorist attacks around Israel, who had filed a lawsuit against the bank accusing it of supporting terrorism.
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