By Evan Abrams
Last week a lawsuit was filed on behalf of 200 American
soldiers and family members of soldiers killed in Iraq who accused five U.S.
banks of helping to finance terror activities through interactions with Iran.
This civil suit came on the heels of several cases brought by federal
prosecutors that have been largely settled over the past few years. According
to the New
York Times, the suit did not assert that U.S. banks directly financed the
attacks, but that they indirectly assisted in doing so by engaging in
transactions with Iranian institutions who had links to Hezbollah. The article paints
the current suit as emblematic of a growing legal trend and expects more such
suits in the future since it is nearly impossible to recover damages from
individual terrorists.
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