Plaintiffs bring action in a New York court.
More similar lawsuits are being filed
Riad Salameh, Governor of the Central Bank (BDL), has confirmed that a civil lawsuit by around 1,200 plaintiffs was brought against 11 Lebanese banks for being in assistance of Hezbollah. The plaintiffs, all US citizens, have filed the lawsuit in a New York court.
The defendants in the lawsuit include the following banks:
1. Bank Audi
2. Bank of Beirut
3. Bank of Beirut And The Arab Countries (BBAC)
4. Banque Libano-Française (BLF)
5. BLOM Bank
6. Byblos Bank
8. Jammal Trust Bank
9. Lebanon And Gulf Bank (LGB)
10. Middle East Africa Bank (MEAB)
The civil action was brought on January 1 2019, under “…the AntiTerrorism Act by American nationals who were injured, and by the estates and families of American nationals who were killed or injured, by reason of acts of international terrorism in Iraq between 2004 and 2011 that were committed, planned or authorized by the United States designated Foreign Terrorist Organization (Hezbollah) in coordination with Iran’s Islamic Revolutionary Guard Corps…”
Another lawsuit has been filed for damages sustained by during the 2006 Israeli war on Lebanon. “The cousins are a shrewd bunch,” said a high-ranking banking source well acquainted with these lawsuits. The source was referring to benefits from these lawsuits to Israeli interests. “Lebanon can also claim damages from that war,” said one banker not named in any of these lawsuits.