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Last update - 00:00 12/05/2008
U.S. victims of terror in Israel sue Swiss bank for ties with Iran
By The Associated Press and Haaretz Service
Tags: Israel, terror victims, Iran 

Several American victims of terrorist attacks in Israel are demanding more than $500 million in compensation from a Swiss bank.

The plaintiffs in a federal lawsuit say that UBS AG provided cash to Iran that made it possible for the country to fund terrorism. The lawsuit says UBS knew the money would be used to carry out terrorist attacks.

UBS did not immediately respond to a call seeking comment.
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The lawsuit was filed Friday in federal court in Manhattan. It notes that the Federal Reserve fined UBS $100 million in 2004 for violating trade sanctions by sending dollars to Iran and other countries.

In February, a federal court judge in Brooklyn U.S. approved a lawsuit on similar grounds filed by victims of terror against the Arab Bank for alleged business links with terrorist organizations.


Related articles:
  • U.S. Judge okays terror victims' lawsuit against Arab Bank
  • U.S. victims of Palestinian terror await gov't stance on compensation
  • Foreign Ministry summons Swiss envoy to J'lem over Iran deal
  • Terror victims' families to boycott memorial ceremonies
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      1.   BTW at the same time some US court allowed lawsuits 00:11  |  Andreas 13/05/08
      2.   Would any human being with some dignity...... 00:31  |  Swiss (Dino) 13/05/08
      3.   Swiss Banks 01:06  |  Joelle 13/05/08
      4.   Best of the luck to the plaintiffs 01:45  |  Gina 13/05/08
      5.   Swiss Government & Banks Are Accessories to Crime! 03:44  |  Michael J 13/05/08
      6.   Just another abuse of the pathetic US court system 05:08  |  Veritas 13/05/08
      7.   # 2 Swiss...and you are drowning in your lies 05:37  |  Lynn 13/05/08
      8.   Would any...... 14:01  |  Uzi 13/05/08
      9.   Typical Jewish Response...Go For $$$$ 17:11  |  Vic 13/05/08
      10.   Living up to the stereotype 13:10  |  laddy 14/05/08
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