Osen LLC in the News
US Eastern District of New York Judge Nina Gershon will hold a key hearing on Wednesday in what could be the first terror financing case against a bank to go to trial in United States history. The potential blockbuster case against Arab Bank has already been featured on CBS’s Sunday Morning show and, in addition to setting significant and binding precedents, could have a “meaningful impact on banks” that finance terror groups “for profit because they are indifferent to just another customer and don’t care,” said lead litigator Gary Osen.
April 21, 2013 CBS Sunday Morning News broadcast aired a news story on Arab Bank financing Martyrs.
It was nearly 10 years ago when Steve Averbach, a New Jersey-born Israeli police officer, realized a fellow passenger on a Jerusalem bus was a suicide bomber disguised as an Orthodox Jew and made a decision that saved potentially dozens of lives -- and changed his forever.
Credit Lyonnais SA may have to face a trial over claims by victims of Middle East attacks that the bank aided a Hamas affiliate, a U.S. judge ruled. About 200 victims and family members affected by 14 separate attacks in Israel and Palestinian territories can move forward with their case, said U.S. District Judge Dora L. Irizarry in Brookly, New York.
Arab Bank Plc (ARKB)'s appeal of sanctions for not obeying discovery orders in a lawsuit brought by victims of terrorist attacks was dismissed by a federal appeals court in New York. The U.S. Court of Appeals in Manhattan ruled today that it couldn't hear the bank's appeal of a sanctions order imposed by U.S. District Judge Nina Gershon in Brooklyn until after the consolidated suits pending before her have ended. "We conclude that the sanctions order is not a reviewable collateral order, and we therefore dismiss the bank's appeal for want of jurisdiction," the panel of judges said.
US Judge rules that Jordan-based bank can be held liable for holding Hamas funds by US citizen wounded in 2008 Hamas fire.
(CNN) -- Tania Julin remembers the deep gut pain she felt when she found out nearly three years ago that Chiquita Brands International had paid hundreds of thousands of dollars to a Marxist rebel group in Colombia that had abducted and killed her missionary husband.
“We’re obviously gratified that the case will go forward,” Gary Osen, the lawyer for the missionaries’ families, said in an e-mail. “This is a significant victory for the victims’ families, but it’s only a first step towards accountability for Chiquita.”
Chiquita Brands International Inc., owner of the namesake banana label, may be forced to pay more than $780 million, or $18.20 a share, if found complicit in the murders of five American missionaries by Marxist rebels a decade ago in Colombia.
Gary Osen, one of several lawyers for the plaintiffs, said his clients’ lawsuit—along with at least four others accusing Chiquita of complicity in killings carried out by rebel groups—would be brought under the civil provision of the anti-terrorism law.