Economics
Arab Bank Gets U.S. Supreme Court Query in Terrorism Case
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The U.S. Supreme Court asked the Obama administration for advice on sanctions imposed against Arab Bank Plc in a lawsuit by victims of overseas terrorist attacks.
A judge imposed the penalty after Arab Bank disobeyed court orders to turn over account records. In its Supreme Court appeal, the bank argues that it can’t supply the information without violating the criminal laws of Jordan, Lebanon and the Palestinian territories.