"A U.S. judge entered a $9.4 billion judgment against Hezbollah after the Lebanon-based group defaulted in a lawsuit over the Sept. 11 terrorist attacks.U.S. District Judge George Daniels in Manhattan today said that Hezbollah, designated a terrorist group by the U.S. State Department, must pay the damages to insurers including Chubb Corp. (CB) that sought to recoup payments to business and property policyholders for losses from the attacks.
The insurers won default judgments in 2006 against al-Qaeda and Hezbollah after the groups didn’t contest the suit."
Friday, March 30, 2012
Chubb Corp. gets $9.4 billion judgment against Hezbollah after the group defaulted in a lawsuit over the Sept. 11 attacks!
Posted by G, M, Z, or B at 9:53 AM