Trial date set for determination of terror victims’ compensation from Arab Bank

Arab Bank headquarters in Amman, Jordan. Credit: Wikimedia Commons.

( A New York judge has set the date for a trial that will decide how much the Jordan-based Arab Bank is liable to pay in damages to American victims of terrorist attacks committed by Hamas.

U.S. District Judge Brian Cogan on Wednesday scheduled jury selection to begin on May 18 for a damages trial involving claims by 17 of the 310 Americans who were victims or related to victims of the terror attacks, Reuters reported. 

In September, a New York jury found Arab Bank, which has $46 billion in assets, liable on 24 counts of supporting specific terrorist acts in and around Israel during the Second Palestinian Intifada by transferring funds to Hamas. 

The landmark decision was the first terrorism financing civil case to reach a trial in the U.S. The American victims of Hamas terror attacks said that the bank violated the 2001 Anti-Terrorism Act.

According to the plaintiffs in the case, the bank transferred more than $70 million to an alleged Saudi terror entity, charities that were a front for Hamas and 11 other terrorist clients.

Posted on December 11, 2014 .