Eighty five American, Israeli and Canadian victims of Hizbollah terror attacks have filed an historic civil action in the New York Supreme Court in Manhattan against American Express Bank Ltd. ("AMEX Bank") and the Lebanese-Canadian Bank SAL ("LCB"). The suit, Licci v. American Express Bank, requests $650 million in compensatory damages and an unspecified sum of punitive damages.

Amex Bank, headquartered in New York, serves as one of LCB's correspondent banks the United States, and in that capacity processes LCB's dollar transactions. LCB's main office is in Beirut, and it has branches throughout Lebanon and a branch in Canada.

The plaintiffs, whose family members were killed or who were themselves injured by rocket attacks fired at northern Israel by Hizbollah in the summer of 2006, allege that AMEX Bank and LCB unlawfully executed millions of dollars in wire transfers for Hizbollah between 2004 and 2006. The plaintiffs assert that Hizbollah used the funds transferred by Amex Bank and LCB to prepare and carry out the rocket attacks which the terrorist organization rained on Israeli cities between July 12 and August 14, 2006...