The Firm You Go to When the 
Stakes Are High

Lawsuits Against Financial Institutions Under the Federal Anti-Terrorism Act

Civil lawsuits related to terrorist activities have increased significantly over the last few years. The federal Anti-Terrorism Act (ATA), 18 U.S.C. § 2331, establishes a cause of action for any U.S. national who has been injured by an act of international terrorism. Civil liability can extend to donors and sponsors of terrorist activity (such as charities and governments) as well as service providers (such as banks or news media outlets). Plaintiffs have sought billions of dollars in damages against financial, media and agricultural entities for providing support to terrorist groups or affiliates who participate in terrorist activity. Plaintiffs may recover treble damages for injuries and expenses associated with the litigation, thereby making claims under the ATA an attractive means of redressing grievances for individuals who have been harmed by terrorist activities.

Financial institutions have been at the center of many ATA-related claims. In lawsuits against financial institutions, claimants allege that a bank violated criminal laws that ban the provision of material support to a foreign terrorist organization as designated by the U.S. Department of State or to any entity that participates in terrorist activity, such as collecting funds for a foreign terrorist organization. The majority of plaintiffs in these cases have asserted that international banks handled wire transfers for organizations labeled as terrorist entities by the United States government. The ATA broadly classifies “material support” as providing a variety of financial services.

Linde v. Arab Bank, PLC, No. 16-2119 (2d Cir. 2018) was the first civil lawsuit filed under the ATA. In Linde, approximately 500 terror victims or representatives injured as a result of acts of international terrorism between 2000 and 2004 brought legal action against the Arab Bank, a Jordanian-based financial establishment with a New York branch. The lawsuit claimed that Arab Bank provided its terrorist-affiliated clients with banking services. These clients, including organizations such as the Saudi Committee and Hamas, were known to be actively engaged in terrorism. The Saudi Committee compensated terrorist’s families for suicide bombings and Hamas maintained an account at Arab Bank. In 2014, Arab Bank was found liable for funding or supporting two dozen terrorist activities in the Middle East, including knowingly offering financial services to Hamas from 2001 to 2005. Arab Bank was the first financial imitation to be held civilly liable for its participation in terrorist activities under this statute. (On appeal, a three-judge panel vacated the judgment finding that the district court had erred in one of its instructions. However, it is anticipated that plaintiffs will recover the amounts set forth in the confidential settlement agreement).

In 2016, Congress expanded the civil liability provisions under the ATA to any person who aids and abets an act of international terrorism pursuant to the Justice Against Sponsors of Terrorism Act (JASTA). Since the Linde case, a minimum of five new actions have been filed against financial establishments for violations of the ATA.

Levy Konigsberg LLP is a nationally recognized law firm that litigates complex cases involving catastrophic injuries. With three decades of experience handling large scale litigation and federal jurisprudence, our firm has successfully brought cases against all types of corporations and entities for conduct leading to devastating injuries. We can help you get the compensation you deserve for your injuries. If you or a member of your family has been a victim of a terrorist attack, please contact our lawyers at(800) 315-3806 for a free consultation.

News

A TEAM COMMITTED TO DOING WHAT IS RIGHT

Find out whether you have a case by speaking to one of our experienced mesothelioma lawyers via our 24/7 toll-free hotline or by submitting an email inquiry. Our attorneys will be quick to respond to you and happy to answer all of your questions.

Know the Difference

Committed to Doing What's Right
  • Over $3 Billion Won

    We have represented numerous individuals and groups of workers, winning for them multi-million-dollar settlements and verdicts.

  • There's No Case Too Big

    Our team has achieved groundbreaking victories in highly complex cases and has gone up against some of the toughest defendants in the country.

  • Trial Attorneys

    Our attorneys excel in the courtroom and are not afraid to bring a case in front of a jury if a fair settlement for the client has not been reached.

  • A Thought Leader in the Industry

    Our firm's knowledge and experience are in high demand, and many news outlets have asked us to share our legal expertise.

  • Access to World Class Resources

    Our experienced attorneys use cutting-edge technology and highly regarded experts to help us achieve the best possible result for our clients.

  • Changing the World for Good

    We not only want to achieve the best possible results for our clients, but we also strive to prevent future harm by changing public health policies.

Thousands of Clients Helped

Hear What They Have to Say
  • Professional, responsive and very good at their jobs.

    “From the first visit to my home, to my last visit to the office to collect my settlement, I was very happy with the services provided by this firm. They are professional, very responsive and very good ...”

    - Lisa Ross
  • They have truly gone above and beyond.

    “I have been beyond pleased how Levy Konigsberg is handling my matter. They answer my questions in a timely matter and when warranted, ease my worries and concerns. They have truly gone above and ...”

    - Anne Fahey
  • I put my Faith and Trust into Corey Stern!

    “Selecting a Law firm to represent me was one of the biggest decisions I've had to make in my life. I put my Faith and Trust into Corey Stern, and he exceeded all my expectations.”

    - Dennis McGowan
  • With this team on my side we came out on top.

    “Levy Konigsberg and team are a group of men and women that give their all, down to the receptionist. I had a case that was almost unbeatable but with this team on my side we came out on top. They keep ...”

    - Angie Garrido
  • Very happy with our settlement.

    “My husband and I were VERY happy with our experience with this firm. They were always caring and really helped us go through this in a very hard time in our lives .We continue to be in touch with the ...”

    - Lori Rosa
  • Wow is all I can say.

    “It has been a few years now but I needed to post this. My dad suffered so much from Mesothelioma. My brother looked into the law and our rights. Unfortunately he died also before anything was done. It ...”

    - Carol N.
  • Their dedication to receive the highest results for their clients was amazing.

    “Working with Levy Koningsberg LLP was a very positive experience. Their professionalism and curiosity was outstanding. I was a pleasure working with this firm. Their dedication to receive the highest ...”

    - Emily DeRogatis
  • Such a great team!

    “The whole team at Levy, Konigsberg LLP have been extremely professional and kind during our most difficult time. They keep you informed during the process, check in often asking if there are any ...”

    - Kevin Kober
  • We definitely got the right law firm!

    “Levy Konigsberg represented my daughter Linda, who was diagnosed with mesothelioma at 16 years old. She endured many surgeries and chemotherapy including HIPEC. She traveled the country seeking ...”

    - Mark Wells
  • Levy Konigsberg continued to help my family fight for the justice my father deserves.

    “Levy Konigsberg was there for my father as soon as he was diagnosed with mesothelioma they helped him get medical treatment in another state that specializes in his condition and even provided housing ...”

    - Stephanie Vitale
LEVY KONIGSBERG IN THE NATIONAL MEDIA
  • National Trial Lawyers
  • Super Lawyers
  • Martindale-Hubbell Peer Review Rated
  • BBB A+

CHOOSE LEVY KONIGSBERG

Start with a FREE Consultation
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.