Appellate Court Rejects Verdict in Arab Bank Case
A federal appellate court has rejected a jury verdict in a civil case brought by American victims of suicide bombings against Jordan-based Arab Bank.
The 2nd U.S. Circuit Court of Appeals in Manhattan issued a written ruling Friday. The decision concluding that the jury was instructed improperly would normally set the stage for a retrial. But the litigants negotiated how to settle the case, depending on how the appellate court ruled.
The ruling triggers a settlement deal with hundreds of victims of a wave of Hamas-sanctioned attacks in the early 2000s that left several Americans dead or wounded. The terms of the settlement were not disclosed.
Gary Osen, a plaintiffs’ lawyer, says plaintiffs will receive “meaningful and very substantial compensation for their injuries.”
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