Jordan’s Arab Bank has lost its appeal of a guilty verdict naming the Bank as financially liable for damages to be paid to victims and families of American citizens who were hurt and killed in attacks by Palestinian terrorists.
The 10-year-long court case ended with a jury trial in Brooklyn’s U.S. District Court that culminated in a jury verdict on September 22, 2014.
The five week trial ended with the jury deciding the Bank was guilty of helping “Hamas militants carry out a wave of violence in Israel that killed and wounded hundreds of Americans,” Bloomberg News reported.
The Bank provided material assistance to Hamas from 1998 to 2004, doing business with 150 Hamas leaders and terrorists, and helping to finance terror as a result.
The money came from Saudi Arabia and the Hezbollah-backed al-Shahid Foundation.
Judge Brian Cogan handed down his decision on Wednesday, April 9, 2015, rejecting the Bank’s petition to overturn the jury verdict.
As a result, the Bank will now have to compensate each of the 297 plaintiffs in the case, who included both direct terror victims and relations of victims.
The verdict “was based on volumes of damning circumstantial evidence that defendant knew its customers were terrorists,” the judge said in his decision.
