Hakimyar v. Habib Bank Limited

CourtDistrict Court, S.D. New York
DecidedFebruary 25, 2025
Docket1:24-cv-00993
StatusUnknown

This text of Hakimyar v. Habib Bank Limited (Hakimyar v. Habib Bank Limited) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hakimyar v. Habib Bank Limited, (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK --- --------------------------------------------------------- X : KARIM HAKIMYAR, et al., : Plaintiffs, : : 24 Civ. 993 (LGS) -against- : : OPINION AND ORDER HABIB BANK LIMITED, : Defendant. : ------------------------------------------------------------ X

LORNA G. SCHOFIELD, District Judge: Plaintiffs filed this case on February 9, 2024, against Defendant Habib Bank Limited (“HBL”). Plaintiffs in this case are 67 individuals who were injured or whose family members were injured or killed in terrorist attacks, and bring this action under the Anti-Terrorism Act (“ATA”), as amended by the Justice Against Sponsors of Terrorism Act (“JASTA”), 18 U.S.C. § 2333(a) and (d). Defendant moves to dismiss all claims. For the reasons below, the motion is granted in part and denied in part. I. BACKGROUND The following facts are taken from the Complaint, its attachments and documents it incorporates by reference. See Bellin v. Zucker, 6 F.4th 463, 473 (2d Cir. 2021). These facts are assumed to be true for purposes of this motion and are construed in the light most favorable to Plaintiffs as the non-moving party. See Int’l Code Council, Inc. v. UpCodes Inc., 43 F.4th 46, 53 (2d Cir. 2022). A. Allegations Plaintiffs were injured or had family members who were injured or killed in terrorist attacks in Afghanistan between 2014 and 2017. Each attack is alleged to have been committed by al-Qaeda, the Taliban and related entities such as the Haqqani Network and the Kabul Attack Network. The United States Department of State designated al-Qaeda as a Foreign Terrorist Organization (“FTO”) in 1999. The Complaint alleges that al-Qaeda acted in conjunction with other terrorist organizations as part of an organized and coordinated syndicate (the “al-Qaeda

Terror Syndicate”). These coordinated groups include Lashkar-e-Taiba (“LeT”), Jaish-e- Mohammed (“JeM”) and its alter ego Al-Rehmat Trust (“ART”), the Afghan Taliban, including the Haqqani Network, and the Pakistani Taliban. LeT and JeM were designated as FTOs in 2001; ART and the Pakistani Taliban in 2010; and the Haqqani Network in 2012. Outside of the Haqqani Network, the Afghan Taliban has not been designated an FTO for purposes of the ATA and JASTA, but was considered a terrorist organization for some purposes by the U.S. government during the period in which the attacks at issue here took place. The Kabul Attack Network is alleged to be a part of the al-Qaeda Terror Syndicate led by al-Qaeda, the Taliban and the Haqqani Network and to be made up of cells comprising individuals from other syndicate groups such as LeT.

Defendant is the largest commercial bank in Pakistan. Until 2017, Defendant operated a branch in New York. Defendant is alleged to have provided banking services for decades to terrorists, fronts and fundraisers with direct connections to al-Qaeda, including Osama bin Laden; Jalaluddin Haqqani, founder of the Haqqani Network; Hafiz Muhammad Saeed and Zafar Iqbal, founders of LeT; Al Rashid Trust, an al-Qaeda front; Al-Rehmat Trust, a JeM front; Dawood Ibrahim, founder of the al-Qaeda-linked terrorist and criminal group D-Company; and Pakistan’s Inter-Services Intelligence. One of Defendant’s largest U.S. dollar clearing accounts has been Al Rajhi Bank, which the U.S. government and media have linked to al-Qaeda and terrorism financing. As a bank, Defendant operates in a highly regulated sector, subject to rigorous due diligence, anti-money laundering (“AML”) and “Know-Your-Customer” requirements. Over the last twenty years, Defendant repeatedly has been investigated and penalized for flouting these regulations in ways that have enabled funding to flow to terrorists. Defendant is alleged, among

other issues, to have placed terrorists and those linked to terrorists on a “good guy list” of individuals ostensibly pre-cleared for reduced scrutiny of their transactions. Defendant is alleged to have engaged in “wire-stripping,” or removing identifying information from wire transactions, to obscure transactions involving terrorists and those linked to terrorists. Defendant first agreed to address these AML deficiencies in 2006, when Defendant was investigated by the New York Department of Financial Services (“NYDFS”) and Federal Reserve Board of Governors, which resulted in a written agreement for Defendant to augment its AML procedures. In 2015, Defendant entered into a consent order with NYDFS because of continued AML deficiencies in contravention of the 2006 written agreement. Pursuant to the 2015 consent order, Defendant agreed to engage a third party to review Defendant’s U.S. dollar

clearing funds to determine whether Defendant had properly identified suspicious activity involving high risk customers. In 2017, NYDFS charged Defendant with violating the 2015 consent order due to serious, persistent and fundamental deficiencies in Defendant’s AML and compliance infrastructure, including Defendant’s “good guy list,” “wire stripping” and lack of diligence with customers like Al Rajhi Bank. Defendant settled for a $255 million fine and loss of its New York banking license. NYDFS concluded that Defendant’s activity had “open[ed] the door to the financing of terrorist activities that pose[d] a grave threat to the people of this State and the financial system as a whole.” B. Procedural History This case is related to three consolidated cases, King v. Habib Bank Ltd., No. 20 Civ. 4322 (S.D.N.Y.); Alexander v. Habib Bank Ltd., No. 21 Civ. 2351 (S.D.N.Y) and Border v. Habib Bank Ltd., No. 21 Civ. 6044 (S.D.N.Y.) (the “Related Actions”), also before this court.

The Complaint in this action is substantially identical to those in the Related Actions. This action and the Related Actions assert the same claims against Defendant HBL based on nearly identical factual allegations but are brought by different groups of plaintiffs. A motion to dismiss in the Related Actions was granted in part and denied in part. See King v. Habib Bank Ltd., Nos. 20 Civ. 4322, 21 Civ. 2351, 21 Civ. 6044, 2022 WL 4537849 (S.D.N.Y. Sept. 28, 2022) (“King I”). Specifically, King I granted HBL’s motion in part and dismissed the plaintiffs’ primary liability claims under the ATA, denied the motion with respect to the secondary liability claims and denied the motion for lack of personal jurisdiction without prejudice to renewal after jurisdictional discovery. Id. at *11. HBL moved for reconsideration of King I, which was denied. King v. Habib Bank Ltd.,

No. 20 Civ. 4322, 2023 WL 8355359, at *1 (S.D.N.Y. Dec. 1, 2023) (“King II”). Defendant’s motion for reconsideration argued that King I’s holding allowing the secondary liability claims to proceed should be reversed based on two purported changes of law: (1) the Supreme Court decision in Twitter, Inc. v. Taamneh, 598 U.S. 471 (2023), and (2) the Second Circuit decision in Freeman v. HSBC Holdings PLC, 57 F.4th 66 (2d Cir. 2023). King II, 2023 WL 8355359, at *1. King II held that Twitter was not in tension with the holding of King I and that the Second Circuit had not abrogated the relevant binding precedent upon which King I relied. Id. at *3. King II also held that Freeman did not provide a basis for reconsideration because that decision clarified the law in ways that support King I’s ruling and did not change the law in a way that would compel a different result. Id. at *4. This action was filed on February 9, 2024. Defendant has moved to dismiss on the same grounds as in King I and King II.

II.

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