Arab Bank Wins Ruling Tossing Verdict Over Terror Funding

Arab Bank Plc won a ruling that tossed out a jury verdict holding it responsible for financing a wave of violence that killed or wounded Americans in Israel in the early 2000s.

After the 2014 verdict, the parties agreed in a 2015 settlement that the bank would pay at least $100 million to a handful of the victims if the case was upheld on appeal -- and a smaller amount if there was a reversal. On Feb. 9, a federal appeals court in New York overturned the verdict on legal grounds, saying the jury had been improperly instructed on legal ...