NEW YORK Sept 26 (Reuters) - A U.S. judge on Friday
dismissed two lawsuits seeking to hold Standard Chartered Bank ( SCBFF )
liable for having allegedly provided indirect support
to groups that conducted 12 attacks in Israel and Iraq between
2010 and 2019.
U.S. District Judge Margaret Garnett in Manhattan said the
90 plaintiffs--including attack victims and their relatives or
representatives--did not plausibly allege that the British bank
"knowingly and substantially assisted" the attacks.
In court papers, Standard Chartered ( SCBFF ) said it "did not commit
any acts of terrorism and did not support any terrorist or
attack."
The plaintiffs alleged that Standard Chartered ( SCBFF ) provided
financial and logistical support to Iran's central bank, other
banks and companies, and individuals that aided Hamas,
Hezbollah, Jaysh al-Mahdi and Palestinian Islamic Jihad.
This allegedly included transfers of billions of dollars,
despite counterterrorism warnings from U.S. government officials
and others, and violated the federal Justice Against Sponsors of
Terrorism Act, or JASTA.
But the judge said that while Standard Chartered ( SCBFF ) "engaged in
some wrongdoing" in connection with helping customers evade
sanctions, its conduct had no "direct nexus" to the attacks.
"Even under the most generous reading of the allegations
there are several steps between any conduct by SCB and the
actions of those who directly perpetrated the attacks," Garnett
wrote.
Lawyers for the plaintiffs did not immediately respond to
requests for comment. Standard Chartered ( SCBFF ) and its lawyers did not
immediately respond to similar requests.
The cases are Fraenkel et al v Standard Chartered Bank ( SCBFF ),
U.S. District Court, Southern District of New York, No.
24-04484; and Brauner et al v Standard Chartered Bank ( SCBFF ) in the
same court, No. 24-05788.