Lloyd's Unit Seeks $215M From Saudis For 9/11 Payouts

Law360, New York (September 9, 2011, 4:54 PM EDT) -- A unit of Lloyd’s of London sued the Saudi Arabian government and several high-profile individuals Thursday in Pennsylvania, seeking to recover $215 million in liability coverage it paid in personal injury suits involving the Sept. 11 attacks.

Underwriting Members of Lloyd’s Syndicate 3500 alleges that Saudi Arabia, the Saudi Red Crescent Society, the National Commercial Bank and several other defendants provided material support to al-Qaida that helped the terrorist group carry out its plot against the United States.

Following the attacks on the World Trade Center...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.