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Israel Law Center
85 Victims of Hizbollah Terrorist Rocket Attacks File Unprecedented Civil Suit Against American Express Bank in New York Court
August 3rd, 2008
Eighty five American, Israeli and Canadian victims of Hizbollah terror attacks have filed an historic civil action in the New York Supreme Court in Manhattan against American Express Bank Ltd. ("AMEX Bank") and the Lebanese-Canadian Bank SAL ("LCB"). The suit, Licci v. American Express Bank, requests $650 million in compensatory damages and an unspecified sum of punitive damages. Amex Bank, headquartered in New York, serves as one of LCB's correspondent banks the United States, and in that capacity processes LCB's dollar transactions. LCB's main office is in Beirut, and it has branches throughout Lebanon and a branch in Canada. The plaintiffs, whose...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-03)
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