Long-Arm Law Puts Israel Terror Case in N.Y., Judges Say

, New York Law Journal

   |1 Comments

A Lebanese bank's use of a New York account for multimillion-dollar wire transfers establishes sufficient basis under the state's long-arm statute for suing the banks in New York for Hezbollah rocket attacks on Israel in 2006, the state Court of Appeals ruled yesterday.

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    This Court of Appeals decision should be of particular interest to the financial industry and particularly overseas banks which have correspondence accounts in New York. It would make an excellent special CLE program for W&C clients and I think Owen is a logical choice to conduct the program. incidentally, Nicole Erb and David Hille have particular knowledge in these cases in which U.S. citizens are suing in the U.S. as a consequence of terrorist activities overseas.

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