Reports from anonymous professional sources in the United States assert that Arab Bank, the defendant in a landmark terrorist financing case, brought by American victims of Hamas' attacks, has agreed to settle the case for an amount that exceeds one billion ($1,000,000,000) US Dollars. A spokesman for the Arab Bank stated that this settlement amount, which is confidential, is "inaccurate."
Lawyers for the more than 500 plaintiffs said to be participating in the settlement have said that details of the settlement will be worked out during the coming months. The case was set to go to trial next Monday; a verdict on liability was reached last year, and the potentially massive reputation damage that would have occurred during this upcoming trial, where photographs of the plaintiffs' injuries were anticipated to be shown in court, may have be the determining factor for the bank, in settling the case. The bank was found to have forwarded payments to the next of kin of suicide bombers who injured or killed US citizens in the Middle East, a violation of American counter-terrorism laws.