Sanctions on Arab Bank to remain
A US court has upheld a sanction against Arab Bank for failing to turn over documents in a lawsuit accusing it of providing banking services to Hamas and other U.S.-designated terrorist groups.
The decision, handed down by the 2nd U.S. Circuit Court of Appeals, stems from the original case, filed in 2004, which has been consolidated with related lawsuits for pre-trial matters. It is expected to go to trial later this year, reported Reuters.
The 2nd Circuit said it has no standing to hear Arab Bank's appeal until the case was resolved by the lower court, the newswire reported. The sanction, ordered by U.S. District Judge Nina Gershon in 2010, means the jury in the case can consider the missing documents in their verdict.
Arab Bank said in a statement cited by Reuters that it is considering its appeals options and "continues to believe that the district court's sanctions order raises serious issues of international concern."
A lawyer for the plaintiffs, Gary Osen, is quoted as saying he was pleased with the appeals court's decision in the long-running case.
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