Lloyd's insurer sues Saudi Arabia for 'funding 9/11 attacks & then withdraws

Well, well, this could meander into all sorts of interesting areas.

Update: Lawsuit Withdrawn

That didn’t take long.

Via: Insurance Journal:

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.

Cozen said he cannot talk about the lawsuit other than to say “that we were instructed to voluntarily dismiss without prejudice. That of course means that the suit is free to be refiled and certainly similar suits may be filed by others,” he said.

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