File - Peace flags reflected on the Arab Bank window during an anti-war demonstration.
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The Arab Bank said Tuesday it would appeal a U.S. court ruling that found the bank liable for providing support to Hamas. A statement released by the Arab Bank said the verdict would have no impact on its operations.A The bank also said the verdict exposed banks such as itself to "enormous liability" for providing routine banking services.Those banks have denied the respective allegations.Nearly 300 Americans who were either victims or related to victims of attacks linked to Hamas had sued Arab Bank in 2004 . They accused the Jordanian bank of violating the Anti-Terrorism Act, a law that lets victims of U.S.-designated foreign terrorist organizations such as Hamas seek damages. Lawyers for Arab Bank countered that most of the people and organizations alleged to have received improper banking services had not been designated by the U.S. government as terrorists.Stephen Landes, a lawyer who won the first lawsuit on behalf of U.S. citizens under the ATA against U.S.-based charities accused of funding Hamas, said it was difficult to say if the ruling would impact the cases against Bank of China and Credit Lyonnais.
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