Société Générale (SGBL) Case

BARTLETT v. SOCIÉTÉ GÉNÉRALE DE BANQUE AU LIBAN (SGBL) SAL, ET AL.

 

Osen LLC (together with co-counsel) represents more than 350 families of Americans who were victims of acts of international terrorism in Iraq between 2004 and 2011. In fact, more than 1,000 U.S. service members were killed or injured by Hezbollah-designed and Iranian-manufactured Explosively Formed Penetrators (EFPs) and Improvised Rocket-Assisted Munitions (IRAMs).

 

Bartlett v. Société Générale De Banque Au Liban Sal et al., was filed in federal district court in Brooklyn, New York. The Complaint alleges that Société Générale and 10 other Lebanese financial institutions knowingly provided material support to Hezbollah, including access to the U.S. financial system through their respective correspondent bank accounts in New York while actively concealing this information from U.S. correspondent banks and U.S. regulatory, law enforcement, and intelligence agencies.

 

The Complaint further alleges that the defendants were aware of their vital role in assisting Hezbollah in its illicit activities, including money laundering, sanctions evasion, arms export violations, drug trafficking, kidnapping for ransom, and terrorist financing. The 610-page Complaint provides a highly-detailed exposition regarding Hezbollah’s financial network and its active participation in Lebanon’s banking system.

 

Bartlett is the first lawsuit of its kind, brought on behalf of Goldstar families, and wounded veterans and American military contractors and their families, all seeking to hold certain Lebanese banks accountable for their alleged illegal dealings with Hezbollah.