COURT HOLDS HEZBOLLAH LIABLE TO INSURERS FOR $9 BILLION FOR CLAIMS PAID RESULTING FROM SEPTEMBER 11 TERRORIST ATTACKS
A federal district court has held that Hezbollah is liable for over $9 billion in damages on subrogation claims brought by insurers under the “business or property” provisions of the Anti-Terrorism Act. The insurers’ action was brought to recoup payments made on claims for losses resulting from the September 11, 2001 terrorist attacks. As we previously reported, the court had entered judgment awarding in excess of $9 billion in damages against Al Qaeda based on the same claims. This order extends the judgment to Hezbollah. Hezbollah and Al Quaeda had been defaulted as to liability in April, 2006. In re Terrorist Attacks on September 11, 2001, Case No. 03 MDL 1570 (USDC S.D.N.Y. Mar. 27, 2012).
This post written by Ben Seessel.
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