Court Allows Jurisdictional Discovery into PrivatBank’s U.S. Business Ties in 9/11 Terrorism Litigation

Summary

Court Allows Jurisdictional Discovery into PrivatBank’s U.S. Business Ties in 9/11 Terrorism Litigation The passage reveals that plaintiffs in a 9/11-related MDL have been granted limited discovery into PrivatBank’s U.S. securities activities from 1992‑1998, suggesting possible financial links between a foreign bank and the United States during the period surrounding the attacks. While the document does not name specific transactions or individuals, it opens a legal avenue to probe foreign financial flows that could intersect with terrorism financing, making it a moderate‑value lead for further investigation. Key insights: PrivatBank’s 2001 annual report states it dealt in U.S. securities, establishing a basis for general jurisdiction.; Court ordered jurisdictional discovery on PrivatBank’s “continuous and systematic” U.S. contacts from 1992‑1998.; Discovery could uncover financial transactions that overlap with the timeframe of the September 11 attacks.