DOCSLIB.ORG

In Re: Terrorist Attacks on September 11, 2001

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
In Re: Terrorist Attacks on September 11, 2001 Case 1:03-md-01570-GBD-SN Document 3671 Filed 08/01/17 Page 1 of 33 UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ____________________________________ ) IN RE: TERRORIST ATTACKS ON ) Civil Action No. 03 MDL 1570 (GBD) SEPTEMBER 11, 2001 ) ECF Case ____________________________________ ) This document relates to: Ashton, et al. v. al Qaeda, et al., No. 02-cv-6977 Federal Insurance Co., et al. v. al Qaida, et al., No. 03-cv-6978 Thomas Burnett, Sr., et al. v. Al Baraka Inv. & Dev. Corp., et al., No. 03-cv-9849 Continental Casualty Co., et al. v. Al Qaeda, et al., No. 04-cv-5970 Cantor Fitzgerald Assocs., et al. v. Akida Inv. Co., et al. No. 04-cv-7065 Euro Brokers Inc., et al. v. Al Baraka Inv. & Dev. Corp., et al., No. 04-cv-7279 McCarthy, et al. v. Kingdom of Saudi Arabia, No. 16-cv-8884 Aguilar, et al. v. Kingdom of Saudi Arabia, et al., No. 16-cv-9663 Addesso, et al. v. Kingdom of Saudi Arabia, et al., No. 16-cv-9937 Hodges, et al. v. Kingdom of Saudi Arabia, et al., No. 17-cv-117 DeSimone v. Kingdom of Saudi Arabia, No. 17-cv-348 Aiken, et al v. Kingdom of Saudi Arabia, et al., No. 17-cv-450 The Underwriting Members of Lloyd’s Syndicate 53, et al. v. Kingdom of Saudi Arabia, et al., No. 17-cv-2129 The Charter Oak Fire Insurance Co., et al. v. Al Rajhi Bank, et al. No. 17-cv-02651 Abarca, et al. v. Kingdom of Saudi Arabia, et al., No. 17-cv-3887 Arrowood Indemnity Co. v. Kingdom of Saudi Arabia, et al., No. 17-cv-3908 Abrams, et al. v. Kingdom of Saudi Arabia, et al., No. 17-cv-4201 Abtello et al. v. Kingdom of Saudi Arabia et al., No. 17-cv-05174 Aasheim, et al. v. Kingdom of Saudi Arabia, et al., No. 17-cv-5471 MEMORANDUM OF LAW IN SUPPORT OF RENEWED MOTION TO DISMISS OF THE SAUDI HIGH COMMISSION FOR RELIEF OF BOSINA & HERZEGOVINA Lawrence S. Robbins (LR8917) Roy T. Englert, Jr. ROBBINS, RUSSELL, ENGLERT, ORSECK, UNTEREINER & SAUBER LLP 1801 K Street, N.W. Suite 411 Washington, D.C. 20009 (202) 775-4500 (202) 775-4510 (fax) Attorneys for the Saudi High Commission for Relief of Bosnia & Herzegovina August 1, 2017 Case 1:03-md-01570-GBD-SN Document 3671 Filed 08/01/17 Page 2 of 33 TABLE OF CONTENTS Page TABLE OF AUTHORITIES .......................................................................................................... ii INTRODUCTION .......................................................................................................................... 1 BACKGROUND ............................................................................................................................ 2 A. The Saudi High Commission .............................................................................................. 2 B. Proceedings ......................................................................................................................... 4 1. Initial Rulings and Related Appeals ....................................................................... 4 2. Doe v. Bin Laden..................................................................................................... 5 3. Proceedings After Doe v. Bin Laden....................................................................... 5 4. JASTA and the Present Remand ............................................................................. 6 C. Allegations Related to SHC ................................................................................................ 8 ARGUMENT ................................................................................................................................ 10 PLAINTIFFS DO NOT PLEAD AND CANNOT PROVE GROUNDS FOR FSIA JURSISDICTION OVER THE SHC ...................................................................... 10 A. Plaintiffs Do Not Sufficiently Allege That SHC or Its Official, Employee, or Agent Committed a Tortious Act ...................................................................................... 12 B. Plaintiffs Do Not Sufficiently Allege or Come Forward With Evidence That the Tortious Act of SHC or Its Official, Employee, or Agent Caused Plaintiffs’ Injuries .............................................................................................................................. 20 1. Plaintiffs Must Allege That SHC or Its Official, Employee, or Agent Was a But-For Cause of the September 11 Attacks...................................................... 21 2. Plaintiffs Must Also Allege That SHC or Its Official, Employee, or Agent Was a Proximate Cause of the September 11 Attacks .......................................... 22 3. Under These Principles, Plaintiffs Have Not Alleged a Causal Connection Between SHC’s Actions and the September 11 Attacks ...................................... 24 CONCLUSION ............................................................................................................................. 25 CERTIFICATE OF SERVICE ..................................................................................................... 27 i Case 1:03-md-01570-GBD-SN Document 3671 Filed 08/01/17 Page 3 of 33 TABLE OF AUTHORITIES Page(s) Cases Alexander & Alexander of N.Y., Inc. v. Fritzen, 68 N.Y. 2d 968 (1986) .............................................................................................................. 13 Anza v. Ideal Steel Supply Corp., 547 U.S. 451 (2006) .................................................................................................................. 22 Argentine Republic v. Amerada Hess Shipping Corp., 488 U.S. 428 (1989) .................................................................................................................. 10 Bank of Am. Corp. v. City of Miami, Fla., 137 S. Ct. 1296 (2017) .............................................................................................................. 22 Bell Atlantic Corp. v. Twombly, 550 U.S. 544 (2007) .................................................................................................................. 18 Bigio v. Coca-Cola Co., 675 F.3d 163 (2d Cir. 2012) ............................................................................................... 13, 16 Bridge v. Phoenix Bond & Indemnity Co., 553 U.S. 639 (2008) .................................................................................................................. 21 Burrage v. United States, 134 S. Ct. 881 (2014) ................................................................................................................ 21 Corporación Mexicana De Mantenimiento Integral, S. De R.L. De C.V. v. Pemex–Exploración Y Producción, 832 F.3d 92 (2d Cir. 2016) ................................................ 2 Dejesus v. HF Mgmt. Servs. LLC, 726 F.3d 85 (2d Cir. 2013) ....................................................................................................... 18 Doe v. Bin Laden, 663 F.3d 64 (2d Cir. 2011) ......................................................................................................... 5 Doe v. Islamic Salvation Front, 257 F. Supp. 2d 115 (D.D.C. 2003) .......................................................................................... 25 Duane Thomas LLC v. Wallin, 8 A.D.3d 193 (N.Y. App. Div. 2004) ....................................................................................... 17 First Nationwide Bank v. Gelt Funding Corp., 27 F.3d 763 (2d Cir. 1994) ....................................................................................................... 12 ii Case 1:03-md-01570-GBD-SN Document 3671 Filed 08/01/17 Page 4 of 33 Frontera Res. Azerbaijan Corp. v. State Oil Co. of Azerbaijan Republic, 582 F.3d 393, 399 (2d Cir. 2009) ............................................................................................... 2 Halberstam v. Welch, 705 F.2d 472 (D.C. Cir. 1983) ............................................................................................ 14, 19 Holmes v. Sec. Investor Prot. Corp., 503 U.S. 258 (1992) .................................................................................................................. 21 In re Terrorist Attacks on September 11, 2001, 134 F. Supp. 3d 774 (S.D.N.Y. 2015) ...................................................................... 6, 10, 14, 20 In re Terrorist Attacks on September 11, 2001, 349 F. Supp. 2d 765 (S.D.N.Y. 2005) .................................................................................. 4, 15 In re Terrorist Attacks on September 11, 2001, 392 F. Supp. 2d 539 (S.D.N.Y. 2005) ...................................................................... 4, 10, 11, 17 In re Terrorist Attacks on September 11, 2001, 538 F.3d 71 (2d Cir. 2008) ......................................................................................................... 4 In re Terrorist Attacks on September 11, 2001, 714 F.3d 118 (2d Cir. 2013) ................................................................................... 22, 23, 24, 25 In re Terrorist Attacks on September 11, 2001, 740 F. Supp. 2d 494 (S.D.N.Y. 2010) .................................................................... 14, 15, 16, 20 In re Terrorist Attacks on September 11, 2001, 741 F.3d 353 (2d Cir. 2013) ....................................................................................................... 5 Jerome B. Grubart, Inc. v. Great Lakes Dredge & Dock Co., 513 U.S. 527 (1995) .................................................................................................................. 22 Kirch v. Liberty Media Corp., 449 F.3d 388 (2d Cir. 2006) ....................................................................................................
Load more

Recommended publications
  • Combating Islamic Extremist Terrorism 1
    CGT 1/22/07 11:30 AM Page 1 Combating Islamic Extremist Terrorism 1 OVERALL GRADE D+ Al-Qaeda headquarters C+ Al-Qaeda affiliated groups C– Al-Qaeda seeded groups D+ Al-Qaeda inspired groups D Sympathizers D– 1 CGT 1/22/07 11:30 AM Page 2 2 COMBATING ISLAMIC EXTREMIST TERRORISM ive years after the September 11 attacks, is the United States win- ning or losing the global “war on terror”? Depending on the prism through which one views the conflict or the metrics used Fto gauge success, the answers to the question are starkly different. The fact that the American homeland has not suffered another attack since 9/11 certainly amounts to a major achievement. U.S. military and security forces have dealt al-Qaeda a severe blow, cap- turing or killing roughly three-quarters of its pre-9/11 leadership and denying the terrorist group uncontested sanctuary in Afghanistan. The United States and its allies have also thwarted numerous terror- ist plots around the world—most recently a plan by British Muslims to simultaneously blow up as many as ten jetliners bound for major American cities. Now adjust the prism. To date, al-Qaeda’s top leaders have sur- vived the superpower’s most punishing blows, adding to the near- mythical status they enjoy among Islamic extremists. The terrorism they inspire has continued apace in a deadly cadence of attacks, from Bali and Istanbul to Madrid, London, and Mumbai. Even discount- ing the violence in Iraq and Afghanistan, the tempo of terrorist attacks—the coin of the realm in the jihadi enterprise—is actually greater today than before 9/11.
    [Show full text]
  • Foreign Terrorist Organizations
    Order Code RL32223 CRS Report for Congress Received through the CRS Web Foreign Terrorist Organizations February 6, 2004 Audrey Kurth Cronin Specialist in Terrorism Foreign Affairs, Defense, and Trade Division Huda Aden, Adam Frost, and Benjamin Jones Research Associates Foreign Affairs, Defense, and Trade Division Congressional Research Service ˜ The Library of Congress Foreign Terrorist Organizations Summary This report analyzes the status of many of the major foreign terrorist organizations that are a threat to the United States, placing special emphasis on issues of potential concern to Congress. The terrorist organizations included are those designated and listed by the Secretary of State as “Foreign Terrorist Organizations.” (For analysis of the operation and effectiveness of this list overall, see also The ‘FTO List’ and Congress: Sanctioning Designated Foreign Terrorist Organizations, CRS Report RL32120.) The designated terrorist groups described in this report are: Abu Nidal Organization (ANO) Abu Sayyaf Group (ASG) Al-Aqsa Martyrs Brigade Armed Islamic Group (GIA) ‘Asbat al-Ansar Aum Supreme Truth (Aum) Aum Shinrikyo, Aleph Basque Fatherland and Liberty (ETA) Communist Party of Philippines/New People’s Army (CPP/NPA) Al-Gama’a al-Islamiyya (Islamic Group, IG) HAMAS (Islamic Resistance Movement) Harakat ul-Mujahidin (HUM) Hizballah (Party of God) Islamic Movement of Uzbekistan (IMU) Jaish-e-Mohammed (JEM) Jemaah Islamiya (JI) Al-Jihad (Egyptian Islamic Jihad) Kahane Chai (Kach) Kurdistan Workers’ Party (PKK, KADEK) Lashkar-e-Tayyiba
    [Show full text]
  • 9/11 Report”), July 2, 2004, Pp
    Final FM.1pp 7/17/04 5:25 PM Page i THE 9/11 COMMISSION REPORT Final FM.1pp 7/17/04 5:25 PM Page v CONTENTS List of Illustrations and Tables ix Member List xi Staff List xiii–xiv Preface xv 1. “WE HAVE SOME PLANES” 1 1.1 Inside the Four Flights 1 1.2 Improvising a Homeland Defense 14 1.3 National Crisis Management 35 2. THE FOUNDATION OF THE NEW TERRORISM 47 2.1 A Declaration of War 47 2.2 Bin Ladin’s Appeal in the Islamic World 48 2.3 The Rise of Bin Ladin and al Qaeda (1988–1992) 55 2.4 Building an Organization, Declaring War on the United States (1992–1996) 59 2.5 Al Qaeda’s Renewal in Afghanistan (1996–1998) 63 3. COUNTERTERRORISM EVOLVES 71 3.1 From the Old Terrorism to the New: The First World Trade Center Bombing 71 3.2 Adaptation—and Nonadaptation— ...in the Law Enforcement Community 73 3.3 . and in the Federal Aviation Administration 82 3.4 . and in the Intelligence Community 86 v Final FM.1pp 7/17/04 5:25 PM Page vi 3.5 . and in the State Department and the Defense Department 93 3.6 . and in the White House 98 3.7 . and in the Congress 102 4. RESPONSES TO AL QAEDA’S INITIAL ASSAULTS 108 4.1 Before the Bombings in Kenya and Tanzania 108 4.2 Crisis:August 1998 115 4.3 Diplomacy 121 4.4 Covert Action 126 4.5 Searching for Fresh Options 134 5.
    [Show full text]
  • 9-11 and Terrorist Travel- Full
    AND TERRORIST TRAVEL Staff Report of the National Commission on Terrorist Attacks Upon the United States 9/11 AND TERRORIST TRAVEL Staff Report of the National Commission on Terrorist Attacks Upon the United States By Thomas R. Eldridge Susan Ginsburg Walter T. Hempel II Janice L. Kephart Kelly Moore and Joanne M. Accolla, Staff Assistant Alice Falk, Editor Note from the Executive Director The Commission staff organized its work around specialized studies, or monographs, prepared by each of the teams. We used some of the evolving draft material for these studies in preparing the seventeen staff statements delivered in conjunction with the Commission’s 2004 public hearings. We used more of this material in preparing draft sections of the Commission’s final report. Some of the specialized staff work, while not appropriate for inclusion in the report, nonetheless offered substantial information or analysis that was not well represented in the Commission’s report. In a few cases this supplemental work could be prepared to a publishable standard, either in an unclassified or classified form, before the Commission expired. This study is on immigration, border security and terrorist travel issues. It was prepared principally by Thomas Eldridge, Susan Ginsburg, Walter T. Hempel II, Janice Kephart, and Kelly Moore, with assistance from Joanne Accolla, and editing assistance from Alice Falk. As in all staff studies, they often relied on work done by their colleagues. This is a study by Commission staff. While the Commissioners have been briefed on the work and have had the opportunity to review earlier drafts of some of this work, they have not approved this text and it does not necessarily reflect their views.
    [Show full text]
  • Tenant Listing Report World Trade Center Lease / Space Reports As of October 26, 2000
    TENANT LISTING REPORT WORLD TRADE CENTER LEASE / SPACE REPORTS AS OF OCTOBER 26, 2000 Lease Lease Tenant Name Bldg Floor Suite # Start Date End Date LANDMARK EDUCATION CORPORATION 1WTC 7 118 11/23/1998 6/23/2014 BANK OF AMERICA CORP. 1WTC 9 901 10/8/1993 6/30/2010 BANK OF AMERICA CORP. 1WTC 10 1001 12/5/1993 6/30/2010 TES (USA) CORPORATION 1WTC 11 1147 12/1/1999 11/30/2004 TES (U.S.A.) CORPORATION 1WTC 11 1147 8/1/1994 11/30/1999 ALLSTATE INSURANCE CO. 1WTC 11 1145 1/4/1996 12/31/2000 CANDIA SHIPPING (USA) INC. 1WTC 11 1111 7/1/1998 2/28/1999 PORCELLA, VICINI & CO., INC. 1WTC 11 1151 5/1/1999 4/30/2004 BANK OF AMERICA CORP. 1WTC 11 1115 11/19/1993 6/30/2010 SYNS TECHNOLOGIES, INC 1WTC 11 103 8/1/1997 7/31/1999 JAMES R. TUCKER 1WTC 11 1153 10/27/1997 10/26/2000 PRIMARK DECISION ECONOMICS, IN 1WTC 11 1109 5/15/1999 5/14/2009 M.J. BRUDERMAN & COMPANY, INC. 1WTC 11 1155 5/16/1999 5/15/2002 BANK OF AMERICA CORP. 1WTC 12 1201 9/13/1993 6/30/2010 BANK OF AMERICA CORP. 1WTC 13 1301 4/8/1994 6/30/2010 BANK OF AMERICA CORP. 1WTC 14 1401 10/7/1994 6/30/2010 LANDMARK EDUCATION CORPORATION 1WTC 15 1501 11/23/1998 6/23/2013 ZIM-AMERICAN ISRAELI SHIPPING 1WTC 16 1601 3/1/1996 2/28/2006 EMPIRE BLUE CROSS BLUE SHIELD 1WTC 17 1701 12/10/1997 12/31/2018 BANK OF AMERICA CORP.
    [Show full text]
  • The Militant Pipeline Between the Afghanistan-Pakistan Border Region and the West
    New America Foundation National Security Studies Program Policy Paper The Militant Pipeline Between the Afghanistan-Pakistan Border Region and the West Paul Cruickshank Second Edition July 2011; First Edition February 2010 Of the 32 “serious” jihadist terrorist plots against the West between 2004 and 2011, 53 percent had operational or training links to established jihadist groups in Pakistan and just 6 percent to Yemen. A decade after 9/11, despite growing concerns over Yemen, entry to join the fighting in Afghanistan, the presence of al Pakistan’s Federally Administered Tribal Areas (FATA) and Qaeda, and its sustained ability to train recruits and swaths of the country’s northwest arguably remain al Qaeda persuade them to launch attacks in the West, continue to ’s main safe haven, and the area from which it can hatch its make the FATA what President Obama called in 2009 “the most dangerous plots against the West. 1 Al Qaeda’s most dangerous place in the world.” 4 presence in these areas has long threatened international security. It was in Peshawar in Pakistan’s northwest that al U.S. officials have recently suggested that when it comes to Qaeda was founded in 1988, and ever since Pakistan’s the U.S. homeland, al Qaeda’s affiliate in Yemen – al Qaeda border region with Afghanistan has been a gateway for in the Arabian Peninsula (AQAP) – could now pose a recruits joining the terrorist network and its affiliates, and greater threat than “al Qaeda Central” in the tribal areas of an area in which its senior figures have felt comfortable Pakistan.
    [Show full text]
  • Recollections & Reflections of 9/11/01
    PERSPECTIVE Recollections & Reflections of 9/11/01 Shown above: 2020 Tribute. [NATIONAL SEPTEMBER 11 MEMORIAL & MUSEUM; WWW.911MEMORIAL.ORG] Cover photo: Tribute in Light is a commemorative public art installation first presented six months after 9/11 and then every year thereafter, from dusk to dawn, on the night of September 11. [CREATIVE COMMONS, WIKIMEDIA] The Community Plaza in front of the National September 11 Memorial & Museum (more frequently known simply, as the 9/11 Memorial) at Ground Zero. [NATIONAL SEPTEMBER 11 MEMORIAL & MUSEUM; WWW.911MEMORIAL.ORG] Memorial photograph wall of people killed on display at the World Trade Center Memorial and Museum in New York City, built on the site of the terrorist attack that brought down the World Trade Center’s Twin Towers on 9/11/2001. [LIBRARY OF CONGRESS, HIGHSMITH, CAROL M., PHOTOGRAPHER] RIMJ ARCHIVES | SEPTEMBER ISSUE WEBPAGE | RIMS SEPTEMBER 2021 RHODE ISLAND MEDICAL JOURNAL 73 PERSPECTIVE September 11, 2001 – A Recollection of a Tragic Day in my Hometown KENNETH S. KORR, MD, FACC New York City fire fighters amid debris at the World Trade Center. [LIBRARY OF CONGRESS] Two men assisting and walking with an injured woman down a street littered with paper and ashes, follow- ing the attack. [LIBRARY OF CONGRESS, PHOTOGRAPHER DON HALASY] New York City fire fighter and another man covering his eyes on street in front of burning buildings following the Sept. 11th ter- rorist attack on the World Trade Center. [LIBRARY OF CONGRESS] IT WAS A TYPICAL HECTIC MONDAY IN THE hit. Something was going on in a field in NYC had to be evacuated.
    [Show full text]
  • Read Book Terrorist Recognition Handbook 3Rd Edition Ebook Free
    TERRORIST RECOGNITION HANDBOOK 3RD EDITION PDF, EPUB, EBOOK Malcolm W Nance | 9781466554603 | | | | | Terrorist Recognition Handbook 3rd edition PDF Book Click here to register. History Incidents. Any Condition Any Condition. Terrorist Recognition Handbook received two separate book reviews in the academic journal Perspectives on Terrorism. Appendix A: Global Terrorist Groups. One would hope that every TSA and Homeland Security manager and employee get a copy of this monumental reference. Nance is a year veteran of the U. Nance emphasizes the significant necessity of a coherent plan to stem American terrorists from exiting the country and then returning again from war-torn zones in order to commit criminal acts back in their home country. Homs —14 Homs offensive 1st Idlib Gov. Terrorist Recognition Handbook. Supplemental Data: Bibliography and Appendices. In the response to the September 11 attacks. Top charts. Foreign involvement in the Syrian Civil War. Download as PDF Printable version. Nance Desmond Wenger Sep Islamic State of Iraq and the Levant. Islamic terrorism in Europe. Islamism Jihadism Salafi jihadism Pan- Islamism. March incident February incident May Israel—Iran incidents. Art Paperback Books Revised Edition. International military intervention against ISIL. The New Fields of Terror. Hidden categories: CS1 maint: multiple names: authors list Articles lacking reliable references from September All articles lacking reliable references Pages using military navigation subgroups without wide style. Methods Tactics. Nance Desmond Wenger Sep He observes that where al-Qaeda had previously functioned as a set of terrorist entities, it shaped its operations to become more business-like, serving to disseminate information, motivate members, and provide economic funding for terrorist operations.
    [Show full text]
  • CANTOR FITZGERALD Charity Day
    CANTOR FITZGERALD CHARITY DAY Tuesday September 11, 2018 Robert DeNiro New York City 2017 Cantor Charity Day Cantor Fitzgerald and our affiliate BGC Partners commemorate Ambassadors included: our 658 friends and colleagues and 61 Eurobrokers employees who perished in the September 11, 2001 World Trade Center Bill Clinton Karolina Kurkova attacks by donating 100% of our global revenues on Charity David Costabile Kevin Shattenkirk Dionne Warwick Kristen Davis Day to The Cantor Fitzgerald Relief Fund and dozens of Dr. Ruth Westheimer Padma Lakshmi charities around the world. Gretchen Mol Petra Nemcova Henrik Lundqvist Robert DeNiro Charity Day, originally conceived as a way to raise money for Jake Gyllenhaal Rosie Perez Jeff Hornacek Steve Buschemi The Cantor Fitzgerald Relief Fund to assist the families of Jenny McCarthy Tony Danza Cantor employees who lost their lives on 9/11, has expanded Karina Smirnoff Uzo Aduba to embrace charitable causes around the world. To date, Charity Day has raised $147 million. On Charity Day, participating charities bring celebrity “ambassadors” who join us on our trading floor to conduct trades over the phone with clients. Many distinguished guests have lent their support by joining us on this day, including prominent actors, musicians, sports icons, models, media personalities, royalty and politicians. Bill Clinton FREQUENTLY ASKED QUESTIONS Who is Cantor Fitzgerald? Cantor Fitzgerald, a leading global financial services group at the forefront of CANTOR financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate finance and for its global distribution platform.
    [Show full text]
  • A Story of Rebuilding
    A Story of Rebuilding An Interview with Howard W. Lutnick, Chairman and Chief Executive Offi cer, Cantor Fitzgerald, L.P. and BGC Partners, Inc. EDITORS’ NOTE In addition to his The markets are uneven with big trophies that are targets of the giant in- leadership of Cantor Fitzgerald, great opportunity and substantial risk vestment banks. Our aspiration was and is to Howard Lutnick is also Chairman coexisting. transact for our clients and to excel in serving and Chief Executive Offi cer of lead- The low interest rate environ- the middle market. ing global brokerage company, ment has made certain businesses That model requires us to have a much BGC Partners, Inc. He also served more viable and attractive than oth- larger sales force than the largest fi nancial fi rms, as Chairman, President, and CEO erwise would be the case, and at the because Cantor’s strength in distribution means of eSpeed, Inc., which merged with same time has constrained other busi- we bring value to both sides of a transaction. BGC in 2008. Lutnick guided the nesses. That cannot be a long-term We’re not in the business of taking risk and hop- rebuilding and growth of Cantor equilibrium. ing the markets go up. Our business is servicing Fitzgerald following the firm’s With the kind of issuance and our clients and meeting their needs, not trading tragic losses in the 9/11World Trade debt the country has, how can interest for ourselves or against them. Center attacks, and its care and Howard W. Lutnick rates not explode higher? They will, Therefore, we weren’t trying to market se- support of the families of its 658 em- eventually.
    [Show full text]
  • The Post-Madrid Face of Al Qaeda
    Rohan Gunaratna The Post-Madrid Face of Al Qaeda For two-and-a-half years after the September 11, 2001, attacks on the United States’ most iconic landmarks, Al Qaeda and its associated groups struck Western targets only in the global South, in places such as Bali, Casablanca, Saudi Arabia, Pakistan, Turkey, Chechnya, and Tunisia. Despite the September 11 attacks and the continuing threat, Europe re- mained an active center for terrorist support activity—propaganda, recruit- ment, fundraising, and procurement. As support cells were enmeshed in the socioeconomic, cultural, and political fabric of migrant and diaspora Mus- lims, European law enforcement, security, and intelligence services targeted only the operational cells that appeared on their radar screen. It was consid- ered politically incorrect to revise the legislative framework to target several hundred terrorist support cells active on European soil. Some Europeans even believed that Al Qaeda had spared the continent because of its policy tolerating terrorist support infrastructure. Although successive attacks against Jewish and British targets in Istanbul in November 2003 demonstrated Al Qaeda’s intentions, capabilities, and opportunities for attack on the continent, European law enforcement, intel- ligence, and security services did not take the threat seriously. Although the Turkish case clearly demonstrated that terrorists planning to strike could survive undetected for years, there was neither a proper appreciation of the threat nor an appreciable effort to increase the quality of intelligence by penetrating the politicized and radicalized segments of Europe’s diaspora and migrant communities. Even the fact that three of the four September 11 suicide pilots were recruited from the heart of Europe did not generate the same sense of urgency in Europe that prevailed in the United States.
    [Show full text]
  • Mapping Pakistan's Internal Dynamics
    the national bureau of asian research nbr special report #55 | february 2016 mapping pakistan’s internal dynamics Implications for State Stability and Regional Security By Mumtaz Ahmad, Dipankar Banerjee, Aryaman Bhatnagar, C. Christine Fair, Vanda Felbab-Brown, Husain Haqqani, Mahin Karim, Tariq A. Karim, Vivek Katju, C. Raja Mohan, Matthew J. Nelson, and Jayadeva Ranade cover 2 NBR Board of Directors Charles W. Brady George Davidson Tom Robertson (Chairman) Vice Chairman, M&A, Asia-Pacific Vice President and Chairman Emeritus HSBC Holdings plc Deputy General Counsel Invesco LLC Microsoft Corporation Norman D. Dicks John V. Rindlaub Senior Policy Advisor Gordon Smith (Vice Chairman and Treasurer) Van Ness Feldman LLP Chief Operating Officer President, Asia Pacific Exact Staff, Inc. Wells Fargo Richard J. Ellings President Scott Stoll George F. Russell Jr. NBR Partner (Chairman Emeritus) Ernst & Young LLP Chairman Emeritus R. Michael Gadbaw Russell Investments Distinguished Visiting Fellow David K.Y. Tang Institute of International Economic Law, Managing Partner, Asia Karan Bhatia Georgetown University Law Center K&L Gates LLP Vice President & Senior Counsel International Law & Policy Ryo Kubota Tadataka Yamada General Electric Chairman, President, and CEO Venture Partner Acucela Inc. Frazier Healthcare Dennis Blair Chairman Melody Meyer President Sasakawa Peace Foundation USA Honorary Directors U.S. Navy (Ret.) Chevron Asia Pacific Exploration and Production Company Maria Livanos Cattaui Chevron Corporation Lawrence W. Clarkson Secretary General (Ret.) Senior Vice President International Chamber of Commerce Pamela S. Passman The Boeing Company (Ret.) President and CEO William M. Colton Center for Responsible Enterprise Thomas E. Fisher Vice President and Trade (CREATe) Senior Vice President Corporate Strategic Planning Unocal Corporation (Ret.) Exxon Mobil Corporation C.
    [Show full text]