Mishcon de Reya New York LLP secures victory for Islamic financial group wrongfully accused of links to 9/11 attacks

New York, 17 September 2010 – Mishcon de Reya New York LLP today announces a major victory for its client Dar Al-Maal Al-Islami Trust ("DMI Trust"), in the massive and long-running litigations in which DMI Trust was wrongfully accused of financing Al Qaeda prior to the devastating September 11 terrorist attacks.

The United States District Court for the Southern District of New York dismissed all claims against DMI Trust, ruling that the plaintiffs had shown nothing to indicate that DMI Trust ever did anything more or less than engage in routine banking services, and the alleged actions of DMI Trust's putative subsidiaries could not rightly be attributed to DMI Trust.

The case is the last of a series of similar law suits handled by the Mishcon de Reya New York team since August 2002, involving DMI Trust, Sheikh Abdulaziz bin Ibrahim al-Ibrahim, and companies and individuals related to both parties.  All claims against all of those parties have now been dismissed, capping a complete victory in the District Court for the Firm and its clients in this long-running and complex dispute.

With several hundred named defendants and potential damages in the trillions of dollars, these complex law suits have traversed a circuitous course over eight years, through two United States District Courts, the Court of Appeals for the Second Circuit, and the United States Supreme Court.  Nevertheless, Mishcon de Reya was able to navigate the matter to dismissal, without any of its clients being subjected to extremely expensive discovery.