Armstrong Economics Blog/Rule of Law
Re-Posted Mar 30, 2017 by Martin Armstrong
Liberty Mutual, Safeco, Wausau, and other corporations accuse the Wahhabi kingdom and its close-reaching foundation of having allowed the Al-Qaeda attacks on the World Trade Centers and other targets in 2001 with funds and other support. The government’s ruling in Riyadh and the Foundation did not take place on Friday. Saudi Arabia has repeatedly rejected an involvement in the attacks. At that time, nearly 3000 people died.
The application was filed late Thursday at a federal district court in Manhattan. An early start of the insurers had been rejected in September 2015. Saudi Arabia enjoyed immunity in the US for a long time as far as the attacks were concerned. However, the US Congress in 2016, despite a veto by then President Barack Obama, issued a law that allows lawsuits.