Ground Zero
People watch the Tribute in Light installation illuminated over lower Manhattan as seen from Brooklyn, marking the 16th anniversary of the 9/11 attacks in New York City, US, September 11, 2017.
At a Saudi stock market event in NY, asked whether the court decision would have a negative impact on Saudi investment in the United States, Capital Market Authority Chairman Mohammed A. ElKuwaiz declined to comment, saying he had not seen the news.
Lawyers for the victims of the September 11 attacks filed new evidence in the NY court case which implicates several employees of the Saudi embassy in Washington DC of financing and supporting members who carried out the attacks.
In Manhattan on Wednesday, U.S. District Court Judge George Daniels ruled that the plaintiff's allegations "narrowly articulate a reasonable basis for this Court to assume jurisdiction under JASTA (The Justice Against Sponsors of Terrorism Act) over Plaintiffs' claims against Saudi Arabia", according to court documents.
A U.S. federal judge has rejected a motion by Saudi Arabia to drop charges accusing the Gulf kingdom of have a role in masterminding the September 11 attacks in 2001. That changed in 2016 when the U.S. Congress overrode a veto by President Barack Obama to allow such cases to proceed.
Relatives of 9/11 victims say Saudi Arabia provided support to Al-Qaeda and Osama Bin Laden and should pay billions of dollars in damages.
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Daniels rejected the lawsuit against Saudi Arabia back in 2015, arguing that the allegations brought by almost 3,000 people, who accused the kingdom of providing material support for the terrorists, were "entirely conclusory" and gave no grounds for the court to assume jurisdiction over the high-profile case.
Daniels' decision covers claims by the families of those killed, roughly 25,000 people who suffered injuries, and many businesses and insurers.
In the ruling, Daniels said the plaintiffs could try and prove that the government helped two hijackers assimilate themselves in America so they could begin preparing for the attacks, reported Reuters.
The 2002 report, issued as a result of a 9/11 congressional inquiry, "found no evidence that the Saudi government as an institution or senior Saudi officials individually funded the organization".
Fifteen of the 19 hijackers were from Saudi Arabia.
Kreindler told Reuters on Wednesday he is "delighted" that the judge dismissed Saudi Arabia's motion.
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