Osen LLC in the News
Gary Osen, a New Jersey lawyer who has sued banks he believes handle money for terrorist groups including al-Qaida, said the Holy Land case was more important in the war on terror than cases that got more attention, such as that of failed shoe bomber Richard Reid.
News this week that the Bush administration is on the verge of adding the Revolutionary Guard Corps of Iran to its ever-expanding list of foreign terrorist organizations—the count stands at 42 undesirables, headlined by Al Qaeda, Hezbollah, and Hamas—was not exactly music to the ears of Gary M. Osen, a lawyer on a personal and professional campaign to sue banks that he believes bankroll terrorist activities.
Meanwhile, at least one lawyer feels the SEC has not gone far enough in its efforts to inform investors whether their retirement savings are indirectly subsidizing terrorism or genocide. "I am not convinced that the SEC list moved the ball very far," said Gary M. Osen of Osen & Associate LLC in Oradell, N.J. "It is hard to escape the fact that it is a rather limited sample."
Gary Osen and Stephen Kroll are two of the unsung heroes of the war on terror, an attorney and a Senate staffer who, working separately, have deployed the processes of law against the funders of terrorism - who turn out to include some of the wealthiest and most powerful personages in the Middle East.
The 37-year-old Osen has a neat haircut, a sonorous voice, a sober demeanor—and plenty of experience in damage compensation cases. In Germany, he represented the heirs of the Wertheim family against major retailer KarstadtQuelle. ‘In our suit we accuse Arab Bank of supporting the funding of extremist Palestinian groups,’ says Osen. ‘Our goal is to make it much more difficult for them to access the money.
For the second time in a week, a U.S. judge has refused to throw out a lawsuit accusing a European bank of knowingly providing financial services to charities allegedly controlled by a terrorist organization.
Lawyers for the plaintiffs who filed the lawsuits in New York and New Jersey said that the separate lawsuits charge the banks with maintaining accounts for financial supporters of the radical Palestinian group Hamas.