The United States Supreme Court today ruled against the plaintiffs, who brought suit against Arab Bank PLC. a foreign corporation, pursuant to the Alien Tort Statute, for payments made by the bank to the families of convicted or deceased Palestinian terrorists.
The high court, in affirming a Second Circuit ruling, which dismissed plaintiffs' ATS claims, cited from a Supreme Court case that held where all that relevant conduct took place outside the United States, dismissal was required, based upon the presumption against extraterritorial application of statutes.
Readers who wish to review the complete text of the 91-page decision; the style is Jesner vs. Arab Bank, PLC. You may access it here.
Chronicles of Monte Friesner - Financial Crime Analyst
Contributed by Kenneth Rijock - Financial Crime Consultant