A lawsuit that charges a Lebanese bank with using a New York account to transfer millions of dollars the bank knew would benefit Hezbollah can go forward in New York, the state's highest court ruled on Tuesday.

The suit was brought by several dozen U.S., Canadian and Israeli citizens who live in Israel and who allege that both Lebanese Canadian Bank and American Express Bank (AXP) violated U.S. and international law by facilitating transactions through a foundation that allegedly functioned as the finance arm of Hezbollah, which the U.S. State Department has designated as a terrorist organization.

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