Credit Lyonnais Faces US Trial In Hamas Funding Suit

Law360, New York (March 1, 2013, 5:23 PM EST) -- A federal judge on Thursday found that Credit Lyonnais SA will have to face trial in New York over allegations that it knowingly allowed a Hamas-linked group to maintain accounts and distributed funds that were used in terrorist attacks.

Judge Dora Lizette Irizarry of Brooklyn federal district court rejected the French bank's arguments that it believed that it was funding only community-based groups in the Palestinian territories and that it had no reason to be aware that the Comite de Bienfaisance et de Secours aux Palestiniens,...
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