Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Court rejects jury's verdict in civil case against Arab Bank

By: Associated Press
February 9, 2018 Updated: February 9, 2018 at 2:56 pm
0

NEW YORK (AP) — A federal appeals court on Friday rejected a 2014 jury verdict that found Jordan-based Arab Bank liable in overseas suicide bombings that harmed Americans, triggering an already reached settlement between the bank and the victims in the closely watched case.

The ruling by the 2nd U.S. Circuit Court of Appeals found a lower-court judge gave faulty instructions to the jury and normally would have set the stage for a retrial, but the litigants negotiated how to settle the case under terms dictated by how the appeals court ruled.

The terms were undisclosed, but it was believed the decision rejecting the verdict means that the bank will make lower payouts to American victims of tbe deadly wave of Hamas-sanctioned attacks in Israel in the early 2000s.

Plaintiffs' lawyer Gary Osen said the plaintiffs would have liked "a sweeping victory" but were still "very satisfied" with the result.

"The plaintiffs will receive meaningful and very substantial compensation for their injuries, and today's decision doesn't diminish the fact a jury found Arab Bank liable for knowingly supporting Hamas," Osen said.

Arab Bank said in a statement it was thankful the ruling brings the case to a close, adding it "continues to believe that the District Court's errors at trial all but dictated an adverse outcome."

The victims had sued the international bank, which has several branches in Gaza and the West Bank, in 2004. At a 2014 trial, the jury heard Hamas experts and other plaintiff witnesses try to link extremists to Arab Bank accounts and detail how cash payments were funneled through the bank and into the hands of the families of suicide bombers.

It marked the first time a bank had faced a trial under the Anti-Terrorism Act, which allows victims of U.S.-designated foreign terrorist organizations to seek compensation.

The U.S. Department of State designated Hamas a terrorist group in 1997.

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Wake up with today's top stories in your inbox

Wake up with today's top stories in your inbox

or
Already a print subscriber?
Already a digital subscriber?
 
This is your last FREE article for the month
This is your last FREE article for the month

Subscribe now and enjoy Unlimited Digital Access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
You have reached your article limit for the month
You have reached your article limit for the month

We hope that you've enjoyed your complimentary access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?
 

Exclusive Subscriber Content

You read The Gazette because you care about your community and the local stories you can't find anywhere else.

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber? Get Access | Already a digital subscriber? Log In
 
articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.