Insurance giant sues Saudi Arabia for ‘funding’ 9/11 attacks

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An insurance firm has withdrawn its lawsuit against Saudi Arabia, which had claimed the country funded the terrorists responsible for the 9/11 attacks.

A division of Lloyd's of London had filed documents in a U.S. court on September 8 demanding the return of $215million compensation it paid victims.

It alleged that the Saudi government used banks and charities to support Al Qaeda.
Claims: Insurers Lloyds alleged that Saudi Interior Minister Prince Nayef bin Abdul Aziz al-Saud, among others, helped fund fellow countryman Osama Bin Laden

Attorney Stephen Cozen of law firm Cozen O'Connor, which represents Lloyd's, told Insurance Journal that he cannot comment on why Lloyd’s decided to drop the case less than two weeks after filing the complaint.

He said, however, the suit could be refiled and also that there could be other similar lawsuits filed by other insurers in the future.

Mr Cozen told the Insurance Journal that he could talk about the lawsuit other than to say 'that we were instructed to voluntarily dismiss without prejudice. That of course means that the suit is free to be refiled and certainly similar suits may be filed by others,' he said.

Lloyd's is voluntarily dismissing its lawsuit 'without prejudice,' meaning the motion seeks to close the case without precluding the possibility of renewal at a later date, the court clerk's office said.
The lawsuit - filed in Johnston, Pennsylvania, where United Airlines flight 93 crashed on 9/11, named nine defendants, including a leading member of the oil-rich state's royal family.
Saudi Arabia has always denied claims that Osama bin Laden's organisation received official financial and practical support from his


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