Twenty-six U.S. insurers have sued two Saudi banks, three companies affiliated with the Binladin family, and several charities for at least USD 4.2 billion over the 9/11 attacks.
The defendants are two Saudi banks — Al Rajhi Bank and National Commercial Bank — three Binladen-related companies — Saudi Binladin Group, Mohamed Binladin Company, and Mohamed Binladin Organization — one Dallah Al Baraka Holding subsidiarity, and four charitable organizations.
The lawsuit is filed in the U.S. District Court in Manhattan under case ‘Charter Oak Fire Insurance Co et al v Al Rajhi Bank et al, U.S. District Court, Southern District of New York, No. 17-02651.’
The Saudi banks and the other defendants were accused in the lawsuit of having “aided and abetted” the attacks through a variety of “activities in support of al Qaeda” in the years leading up to them.
The insurers are seeking to recoup sums paid to policyholders who suffered personal, property and business injuries from the attacks. Their lawsuit seeks at least USD 1.4 billion of compensatory damages, triple damages and punitive damages.