With Palestinian terrorism continuing to run rampant, Israel's Bank Leumi and Bank Hapoalim reported on Wednesday that American Palestinian organizations filed a lawsuit in the US Federal Court in Washington, DC, against the banks and several Israeli companies, organizations and businessmen.

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The suit alleges that the defendants support Israeli settlements "in a manner injurious to the Palestinians and their property rights."

The plaintiffs—activists in Palestinian organizations who hold American citizenship—allege that the banks carried out financial transfers that included support to communities in the West Bank and East Jerusalem, as well as support to the IDF, thus benefitting the companies and businessmen.

Bank Leumi (Photo: Jeremy Feldman)

Among the defendants are Africa Israel, Danya Cebus Construction, HP, Volvo, Motorola, Israel Chemicals, and Ahava

The cumulative amount claimed against all the defendants is approximately $34 billion, but the lawsuit does not include an explanation of the calculation method or a legal reference.

Bank Leumi wrote in a letter sent Wednesday morning to the Tel Aviv Stock Exchange that "the lawsuit does not include any explanation whatsoever or formula that serves as the legal or financial basis for the lawsuit's amount, and no explanation for the connection between the plaintiffs and the astronomical amount of this claim."

Bank Leumi also pointed out that "the lawsuit does not include a breakdown of the amount claimed from the bank."