AmEx Transfers Didn’t Aid Hezbollah in Attacks, Court Says

American Express Bank Ltd. isn’t liable for Hezbollah rockets attacks on Israel in 2006 because of financial transactions, an appeals court ruled, affirming a lower court’s dismissal of a suit brought by families of U.S., Israeli and Canadian victims.

The federal appeals court in New York today affirmed U.S. District Judge George Daniels’s 2010 dismissal of a negligence claim against American Express. The plaintiffs “failed plausibly to allege that AmEx’s conduct was the proximate cause of the plaintiffs’ injuries,” the appeals court said.