Kenneth Rijock

Kenneth Rijock

Saturday, March 30, 2019

UPDATE ON FEDERAL CASE AGAINST ELEVEN MAJOR BEIRUT BANKS FOR SUPPORTING HEZBOLLAH



If you read our recent article,  Are you Sending any Payments to these 11 Beirut Banks that provide Material Support to Hezbollah ? published on February 23, 2019, which is a case of great public interest, here is an update:

(1) All the eleven defendants have been served (international service abroad).
(2) Notice of Appearance, by bank counsel, have been filed.
(3) The Court has ruled that the "Defendants' time to answer or otherwise respond to the Complaint is extended to 5/31/2109. The Parties may stipulate to any earlier schedule, but given the length of the Complaint, the fact-intensive investigation required to respond to the Complaint and the complex legal issues rasised by the Compliant, the Court will not require the Defendant to respond by the proposed earlier dates."
(4) the Initial Conference has been set for 7/17/2019.

Banks accused of being Hezbollah financiers are in top 10


For those who did not see the first article, the eleven Beirut banks that the Plaintiffs allege provide financial support to Hezbollah are:
BLOM BANK SAL
 BANK AUDI SAL
SOCIETE GENERAL DE BANK AU LIBAN SAL,
JAMMAL TRUST BANKS, SAL
 FRANSABANK SAL
 BYBLOS BANK SAL
 LEBANON AND GULF BANK SAL
 BANK LIBANO-FRANCIS SAL
 MIDDLE EAST AND AFRICA BANK SAL
 BANK OF BEIRUT AND THE ARAB COUNTRIES SAL

Check the rankings of defendants in top 15 banks


When the eleven bank defendants answer or otherwise plead to the Complaint, we shall examine and analyze their filings.

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