Lloyd's Withdraws $215M Saudi Arabia 9/11 Action

Law360, Washington (September 21, 2011, 6:22 PM EDT) -- A Lloyd's of London unit on Monday said it would no longer pursue in Pennsylvania federal court its recently filed claims alleging the government of Saudi Arabia and others helped finance the planners of the Sept. 11 terrorist attacks.

Underwriting Members of Lloyd’s Syndicate 3500 alleged in a complaint filed earlier this month 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...
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.