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(IsraelNN.com) Eighty-five American and Canadian victims of Hizbullah terrorist attacks have filed an unprecedented suit in the New York Supreme Court against an American and a Lebanese-Canadian bank for $650 million in damages. The financial institutions being sued are the American Express Bank Ltd. (AMEX Bank) and the Lebanese-Canadian Bank SAL (LCB).
LCB's main offices are in Beirut, and it has branches throughout Lebanon and Canada. AMEX is one of its correspondent banks in the United States. The plaintiffs include those who were injured or who are relatives of victims of rocket attacks on Israel during the Second Lebanon War. The suit claims that AMEX failed to establish adequate procedures to prevent terrorism financing.
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