NY High Court Mulls Ramifications Of $650M Hezbollah Suit

Law360, New York (October 10, 2012, 6:59 PM EDT) -- New York's highest court debated during a hearing Wednesday whether using wire transfers to bring a Lebanese bank and the Middle Eastern terrorist activities it allegedly financed to New York for litigation would stymie the state's role as a commercial hub.

A group of Americans, Canadians and Israelis sued Beirut-based Lebanese Canadian Bank SAL and its New York-based correspondent bank, Standard Chartered PLC-owned American Express Bank Ltd., for $650 million in 2008 for allegedly helping finance terrorist group Hezbollah's rocket attacks on them in northern Israel...
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