A US appeals court on Friday let stand a sanction against Arab Bank Plc for failing to turn over documents in a lawsuit accusing it of providing banking services to Hamas and other groups.
The ruling applies to a group of cases pending in a US federal court in Brooklyn, New York. The lawsuits were filed on behalf of US citizens and foreign nationals who were the victims, or family members of victims, of attacks in Israel and the Palestinian territories between 1994 and 2005.
Currently, more than 100 families and 700 individuals are seeking more than $1 billion (Dh3.67 billion) in damages from Jordan-based Arab Bank in the lawsuits, according to the plaintiffs’ lawyers.
US sanction against Arab Bank Plc stands | GulfNews.com
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