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Extraction Summary

6
People
18
Organizations
7
Locations
3
Events
3
Relationships
3
Quotes

Document Information

Type: Legal opinion / court document (federal supplement)
File Size: 2.36 MB
Summary

This document is page 833 from a 2005 Federal Court opinion (In Re Terrorist Attacks on September 11, 2001) regarding motions to dismiss by various banking defendants. The text details the court's decision to grant Al Rajhi Bank's motion to dismiss due to a lack of factual allegations connecting the bank to terrorist financing. It also introduces background on the Saudi American Bank, its formation from Citibank branches, and allegations regarding its employees' potential ties to Osama bin Laden and al Qaeda financing.

People (6)

Name Role Context
Judge Robertson Judge
Mentioned as having found no basis for a bank's liability in a previous ruling.
Abdullahziz Bin Hamad Al Gosaibi Chairman
Chairman of Saudi American Bank and Saudi Cement Company.
Ahmed Ali Jumale Bank Employee / Suspect
Alleged close associate of Osama bin Laden; allegedly worked for Saudi American Bank (1979-1986).
Ahmed Nur Ali Jumale Defendant
Mentioned in footnote 42 regarding dismissal of claims.
Osama bin Laden Terrorist Leader
Mentioned as an associate of Ahmed Ali Jumale.
Prince Mohamed Manager
Manager of Al Faisal Islamic Bank.

Timeline (3 events)

1980
Formation of Saudi American Bank
Saudi Arabia
June 10, 2004
Voluntary dismissal of claims against Saudi Cement Company and Ahmed Nur Ali Jumale
Court (03 MD 1570)
September 11, 2001
Terrorist Attacks
United States

Relationships (3)

Ahmed Ali Jumale Associate Osama bin Laden
purportedly a close associate of Osama bin Laden
Its chairman, Abdullahziz Bin Hamad Al Gosaibi
Saudi American Bank Business Succession Citibank
formed in 1980 pursuant to a royal decree to take over the then-existing branches of Citibank

Key Quotes (3)

"[A] complaint which consists of conclusory allegations unsupported by factual assertions fails even on the liberal standard of Rule 12(b)(6)."
Source
HOUSE_OVERSIGHT_017898.jpg
Quote #1
"Saudi American Bank is based in Rihadh, Saudi Arabia and was formed in 1980 pursuant to a royal decree to take over the then-existing branches of Citibank in Riyadh and Jeddah."
Source
HOUSE_OVERSIGHT_017898.jpg
Quote #2
"This Court, like Judge Robertson before it, has found no basis for a bank’s liability for injuries funded by money passing through it on routine banking business."
Source
HOUSE_OVERSIGHT_017898.jpg
Quote #3

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