Banks Beat Victims' Suits Over Hamas Funding At 2nd Circ.
Law360 (April 7, 2021, 11:13 PM EDT) -- The Second Circuit on Wednesday affirmed lower court rulings that National Westminster Bank PLC and Credit Lyonnais SA can't be held liable under the Antiterrorism Act for providing banking services to an organization accused of funding the Hamas terrorist group.
In a 47-page opinion, a unanimous three-judge panel held that U.S. District Judge Dora L. Irizarry got it right in dismissing multiple ATA lawsuits brought by hundreds of terrorist attack victims against the banks, finding that there is a "dearth of evidence" showing that the organization actually funded a series of Hamas-backed terrorists attacks.
The ruling marks an end to multiple...
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