Global Implications
Legal observers say the verdict could reshape accountability standards for multinational banks and corporations accused of facilitating human rights violations abroad. It may embolden similar claims against financial institutions that continue to do business with sanctioned or abusive regimes.
The case, attorneys said, “sends a powerful message” that banks cannot “turn a blind eye” to the consequences of enabling access to the global financial system for governments accused of genocide or terrorism.
Representation and Case Information
Plaintiffs (Class Counsel):
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Hecht Partners LLP: Kathryn Boyd, David Hecht, Maxim Price, Michael Eggenberger, Kristen Nelson
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Hausfeld LLP: Michael Hausfeld, Scott Gilmore, Amanda Lee-Dasgupta, Claire Rosset, Mary Van Houten, James Gotz, Percy Metcalfe
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DiCello Levitt LLP: Robert DiCello, Adam Levitt, Greg Gutzler, Carrie Syme, Madeline Harding, Kenneth Abbarno
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Zuckerman Spaeder LLP: Aitan Goelman, Cyril Smith
Defendant (BNP Paribas SA):