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US jury issues $20M verdict against French bank BNP Paribas over Sudanese atrocities
- On Friday, October 17, a New York jury found BNP Paribas's work in Sudan helped prop up Omar al-Bashir's regime.
- Plaintiffs say BNP Paribas provided letters of credit that let Sudan honour cotton and oil exports, enabling billions in buyers' payments that financed the regime's violence.
- In closing, plaintiffs' attorney Bobby DiCello said the proceedings 'revealed the secret that an international bank, BNP Paribas, has rescued, shielded, fed and illegally supported the economy of a dictator.'
- The eight-member jury awarded the three plaintiffs $20.75 million in damages, while BNP Paribas, French banking giant, contends it had no knowledge and operated legally with the International Monetary Fund.
- Against that backdrop, Omar al-Bashir, wanted by the International Criminal Court, was ousted and detained following months of protests, amid a conflict that has caused hundreds of thousands of deaths and displacements, the United Nations reports.
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U.S. jury issues $20 million verdict against France's largest bank over Sudanese atrocities
A federal jury in New York has issued a nearly $21 million verdict against France’s largest bank for giving the Sudanese government access to the U.S. financial system as it engaged in atrocities two decades ago. The woman and two men who obtained the verdict against BNP Paribas S.A. are U.S. citizens who left Sudan after being displaced, losing their homes and property. They were awarded amounts of between $6.7 million and $7.3 million apiece o…
·New York, United States
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Los Angeles Times+2 Reposted by 2 other sources
A federal jury in New York has returned a verdict of nearly $21 million against France's largest bank for allowing the Sudanese government access to the U.S. financial system while committing atrocities two decades ago.
·Los Angeles, United States
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Coverage Details
Total News Sources148
Leaning Left22Leaning Right17Center50Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 25%
C 56%
R 19%
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