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Arab Bank & terrorism victims settle US lawsuit over complicity in attacks

"Arab Bank, Terrorism Plaintiffs Reach Settlement", 17 Aug 2015

Lawyers for Arab Bank and terrorism victims reached an agreement to settle the case after 11 years of vigorous litigation, just three days before the start of a damages trial…"The parties have reached an agreement to settle the litigation," Michael Elsner, a member of Motley Rice…said Friday…Elsner represents plaintiffs connected to one of the attacks at issue in the damages trial…A spokesman for the bank, Bob Chlopak, confirmed there was an agreement to resolve the case, but declined to comment further…In an interview days before news broke of the agreement to settle, David I. Miller, a partner at Morgan Lewis & Bockius who is not involved in the Arab Bank case, said "this is an area that banks are going to have to contend with in the coming months and years," speaking of civil Anti-Terrorism Act suits.

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