Saudi banks, bin Laden companies face $4.2 billion U.S. lawsuit by 9/11 insurers

[HAB911]

Source: Reuters

More than two dozen U.S. insurers affiliated with Travelers Cos (TRV.N) have sued two Saudi banks, companies affiliated with Osama bin Laden's family, and several charities for at least $4.2 billion over the Sept. 11, 2001 attacks.

The lawsuit filed late on Wednesday night in the U.S. District Court in Manhattan is the latest effort to hold entities in Saudi Arabia liable for the attacks.

Nearly 3,000 people died when hijacked airplanes crashed into New York's World Trade Center, the Pentagon near Washington, D.C. and a Pennsylvania field.

The 10 defendants in the lawsuit include Al Rajhi Bank 1120.SE, National Commercial Bank 1180.SE, aviation contractor Dallah Avco, the Mohamed Binladin Co, the Muslim World League, and other charities.

http://www.reuters.com/article/us-usa-saudi-sept-idUSKBN17F2FX?feedType=RSS&feedName=topNews&utm_source=twitter&utm_medium=Social

Read more: http://www.reuters.com/article/us-usa-saudi-sept-idUSKBN17F2FX?feedType=RSS&feedName=topNews&utm_source=twitter&utm_medium=Social

[tenorly]

1. They forgot a few.

[center]

"I found these news just a little ironic." "Just a little, huh?"[/center]

[cstanleytech]

2. How do they figure that the saudi banks are liable exactly? Bin Ladens estate I can understand

but suing a bank he happened to be involved with? Does this mean I can sue walmart if someone burns down my house but they happen to also own walmart stock?

[hack89]

3. They are accusing the banks of facilitating the transfer of money that was used to fund 911.

with the full knowledge that the money was for illegal acts.