Osen LLC in the News
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.
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.
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.
