Osen LLC in the News
Arab Bank Plc (ARBK), Jordan’s largest lender, lost a bid to avoid a U.S. trial in a lawsuit brought by terrorism victims who accuse it of supporting attacks in Israel. U.S. District Judge Nina Gershon in Brooklyn, New York, yesterday rejected the bank’s request to throw out the case, sending it toward trial. The victims claim in their lawsuit that Arab Bank, based in Amman, “knowingly and purposefully supported” foreign terrorist organizations from 1995 to 2004 by providing financial support to terrorists, including administering payments to the families of Palestinian suicide bombers. The bank has denied wrongdoing.
US Eastern District of New York Judge Nina Gershon will hold a key hearing on Wednesday in what could be the first terror financing case against a bank to go to trial in United States history. The potential blockbuster case against Arab Bank has already been featured on CBS’s Sunday Morning show and, in addition to setting significant and binding precedents, could have a “meaningful impact on banks” that finance terror groups “for profit because they are indifferent to just another customer and don’t care,” said lead litigator Gary Osen.
April 21, 2013 CBS Sunday Morning News broadcast aired a news story on Arab Bank financing Martyrs.
It was nearly 10 years ago when Steve Averbach, a New Jersey-born Israeli police officer, realized a fellow passenger on a Jerusalem bus was a suicide bomber disguised as an Orthodox Jew and made a decision that saved potentially dozens of lives -- and changed his forever.
Credit Lyonnais SA may have to face a trial over claims by victims of Middle East attacks that the bank aided a Hamas affiliate, a U.S. judge ruled. About 200 victims and family members affected by 14 separate attacks in Israel and Palestinian territories can move forward with their case, said U.S. District Judge Dora L. Irizarry in Brookly, New York.
Peter Sachs's father, Hans, went to his grave wondering whether the Nazis had destroyed the renowned poster collection he'd devoted his life to building. Imagine, then, how Peter felt when -67 years after his father's collection was seized - he discovered that 4,344 posters had not only survived the Nazis, but the Soviets and the East Germans.
Arab Bank Plc (ARKB)'s appeal of sanctions for not obeying discovery orders in a lawsuit brought by victims of terrorist attacks was dismissed by a federal appeals court in New York. The U.S. Court of Appeals in Manhattan ruled today that it couldn't hear the bank's appeal of a sanctions order imposed by U.S. District Judge Nina Gershon in Brooklyn until after the consolidated suits pending before her have ended. "We conclude that the sanctions order is not a reviewable collateral order, and we therefore dismiss the bank's appeal for want of jurisdiction," the panel of judges said.
AP Interview: Posters seized by Nazis being sold. By David Rising/Associated Press 1.17.2013
After decades in limbo, the remnants of a unique, jewish-owned poster colelction are back in the public eye -- at least for a few days. The Times of Israel by Samantha Karlin January 17, 2013. New York city
Eye Magazine - A sale of 1250 prewar posters from Dr Hans Sachs's legendary collection will take place in New York on 18, 19 and 20 January 2013, writes Graham Twemlow. The Guernsey's auction catalogue states that "...many of the posters in the collection are believed to be the sole surviving examples of those particular images."