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Midweek Roundup: NY Court Okays Terror Finance Lawsuit Against Defunct Bank, 19 Charged with Money Laundering in a NY Prostitution Ring, and More
printNew York State's highest court concluded Tuesday that Lebanese Canadian Bank's (LCB) use of an in-state account to transfer millions of dollars is grounds for a lawsuit on behalf of Israeli victims of a Hezbollah rocket attack. Originally filed in 2008, the lawsuit was brought by American, Canadian, and Israeli citizens who live in Israel. It claims that LCB, a now defunct Beirut bank, supported terrorism by handling transactions for the Shahid Foundation, which is allegedly a "financial arm" of Hizballah. More The lawsuit is one of a number that seek damages from banks for terrorist attacks. U.S. District Judge...
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