Insurance Journal
September 20, 2011
Lloyd’s London’s Syndicate 3500 filed a notice on Monday, Sept. 19, to voluntarily dismiss its federal lawsuit against Saudi Arabia over 9/11 claims.
The lawsuit, first filed on Sept. 8, had asserted that Saudi Arabia as well as several Saudi charity and financial organizations were instrumental in helping al Qaida carry out the 9/11 terror attacks.
Attorney Stephen Cozen of law firm Cozen O’Connor, who represents Lloyd’s, told Insurance Journal that he cannot comment on why Lloyd’s decided to drop the case 13 days 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.
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