Arab Bank Owes $1.3M In Attys' Fees In Terror Funding Case

Law360, Chicago (June 18, 2013, 2:27 PM EDT) -- Arab Bank PLC must cover $1.3 million in attorneys’ fees for plaintiffs in a lawsuit over the bank’s alleged aid to Palestinian terror groups, a New York federal judge ruled Monday, part of tough sanctions against the bank for shirking its discovery obligations.

U.S. District Judge Nina Gershon gave the Jordan-based bank 45 days to pay the bill, which stems from depositions where bank officials were uncooperative and ensuing litigation over sanctions for various discovery failures that caused “extensive delays and waste of resources,” according to...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Jesner et al v. Arab Bank, PLC


Case Number

1:06-cv-03869

Court

New York Eastern

Nature of Suit

Other Statutory Actions

Judge

Brian M. Cogan

Date Filed

August 9, 2006

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.