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26 Aug 2013

Daniel Fisher, Forbes

New York Federal Court Dismisses Alien Tort Claims Against Arab Bank

A second federal court in New York has dismissed thousands of claims by foreign citizens who accused Arab Bank of financing terrorism, citing the U.S. Supreme Court’s Kiobel decision in April eliminating the once-popular strategy of suing foreign corporations in U.S. courts over alleged human-rights abuses. The decision…doesn’t come as a surprise, since the lawsuits were filed by foreigners against a foreign bank. It doesn’t affect lawsuits by hundreds of U.S. citizens who also accuse Arab Bank of aiding and abetting Palestinian terrorists by helping them to pay the families of “martyrs” who blew themselves up in deadly suicide bombings…Arab Bank, in a statement, said the decision eliminated 90% of the claims against it, and “expressed its confidence in the ultimate outcome of the remaining claims.”