Palestinians balk at claims they owe over $1 billion to victims of terror attacks in Israel March 18, 2015Palestinians balk at claims they owe over $1 billion to victims of terror attacks in IsraelThe Palestinian Authority is fighting a US court decision that ruled they must compensate US-born and dual-citizenship victims of terror attacks in Israel. By: APMourners at the funeral of a terror victim in Israel. (Yonatan Sindel/Flash90)Victims of terror attacks in Israel more than a decade ago are not entitled to increase a $654 million lawsuit award to more than a billion dollars by tacking on interest, lawyers for the Palestinian Authority (PA) and Palestine Liberation Organization (PLO) said.PLO and PA attorneys filed papers in Manhattan federal court late Monday challenging the $1.15 billion claim made by lawyers for victims of the bombings and shootings.A federal jury last month awarded $218 million to terror victims after concluding the Palestinian groups were behind attacks in the early 2000s that killed 33 people and wounded hundreds more, including some American citizens. The award is automatically tripled under the US Anti-Terrorism Act, raising the total to $654 million.The lawyers claim well-established accounting and economic principles were violated when an expert for the plaintiffs tacked on prejudgment interest as if daily interest was calculated since the 2002 to 2004 period of the attacks.They said the trial record makes clear that the jury measured its verdict awards in current dollars.Read Students for Justice in Palestine group loses lawsuit against Columbia UniversityIn papers filed on behalf of terror attack victims, plaintiffs’ lawyers tallied the amount in damages owed to each plaintiff and the amount of interest that must be added.Lawyers for the PLO and PA said a substantial amount of the jury’s verdict was meant to compensate plaintiffs for future damages from their injuries and thus was not entitled to interest.“The jury already accounted for the time lapse between the dates of the attacks and the jury verdict, awarding damages to plaintiffs in present-day dollars,” the lawyers said. “Even if the court determines that some form of compensation is due to plaintiffs for the time between the attacks and the present,” the automatic tripling of damages “adequately compensates plaintiffs for that time delay.”Plaintiffs’ attorney Robert Tolchin said there are ambiguities in the law regarding interest on judgments that the judge will have to decide. He said the plaintiffs will file papers opposing the conclusions of the Palestinians’ lawyers. LawsuitPAPalestinian AuthorityPalestinian terrorPLO