Saudis Hit With $5B Lawsuit Over 9/11

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Saudis Hit With $5B Lawsuit Over 9/11
June 02, 2008
Philadelphia Inquirer

Less than a mile from the mournful place in Lower Manhattan where the World Trade Center came crashing to the ground, in a hushed federal courthouse, a small band of Philadelphia lawyers is prying loose secrets of the Sept. 11, 2001, terror attacks.

It is here that the Cozen O'Connor law firm has filed an 812-page lawsuit on behalf of U.S. and global insurance companies alleging that Saudi Arabia and Saudi-backed Islamic charities nurtured and financed the al-Qaeda, the author of those deadly attacks.

Led by its flinty chairman and founder, Stephen Cozen, the firm has invested thousands of hours and millions of dollars to scour the world for witnesses, documents and other evidence in its attempt to hold the oil-rich desert kingdom liable for more than $5 billion in damages.

Among the companies represented in the lawsuit are Chubb, Ace, Allstate, One Beacon, and nearly three dozen other insurers.

"Our concern was whether there was a viable case to be made against the defendant," Cozen said, "and whether the defendant could pay."


Rest of article at: http://www.military.com/news/article/saudis-hit-with-5b-lawsuit-over-911.html?col=1186032310810