Court of Appeals of New York

In a suit brought by several dozen United States, Canadian, and Israeli citizens against the Labanese Canadian Bank (LCB), claiming that LCB, with the aid of co-defendant American Express Bank, assisted Hizballah in committing illegal attacks during the Second Lebanon War in 2006 by facilitating international monetary transactions through the Shahid Foundation, the Second Circuit's questions are certified in the affirmative where: 1) a foreign bank's maintenance of a correspondent bank account at a financial institution in New York and use of that account to effect "dozens" of wire transfers on behalf of a foreign client constitutes a "transaction" of business in New York within the meaning of N.Y.C.P.L.R. section 302(a)(1); and 2) plaintiffs' claims under the Anti-Terrorism Act, the Alien Tort Statute, or for negligence or breach of statutory duty in violation of Israeli law, "arises from" LCB's transaction of business in New York within the meaning of C.P.L.R. section 302(a)(1).

Appellate Information

• Decided 11/20/2012
• Published 11/20/2012

Judges

• Read

Court

• Court of Appeals of New York

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