(JTA) — Arab Bank reached a legal settlement with victims of Palestinian terrorism who had sued the bank for helping finance the terrorist activity.
The settlement with the Jordanian bank, which has branches in the West Bank and Gaza, came days before the trial was set to enter its damages phase in federal court in Brooklyn, The Associated Press reported. The details were not disclosed.
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 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 U.S.-designated terrorist organizations to seek damages. The United States defines Hamas as a terror group.