Terror victims, Arab Bank reach settlement

Ben Sales

(JTA) — Arab Bank, a Jordanian bank with branches in the West Bank and Gaza, reached a legal settlement with victims of Palestinian terrorism, who had sued the bank for helping finance the terror activity.

The settlement, whose details were not disclosed, comes days before the trial was set to enter its damages phase in federal court in Brooklyn, according to the Associated Press. In the trial, 300 victims of terrorism during the Second Intifada in the early 2000s sued the bank, which was accused of helping Hamas create a “death and dismemberment benefit plan” for dead terrorists. The suit was first filed in 2004.

According to AP, the case was the first time a bank had been tried under the Anti-Terrorism Act, which allows victims of attacks by United States-designated terrorist organizations to seek damages. The U.S. defines Hamas as a terror group,

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