You're repeating your wild claims about ARAMCO funding the 911 terrrorists, but there is absolutely no evidence to support your claim.
I didn't say they did , did I. What I said is this is something that Aramco is worried about in terms of listing on the NYSE. It has been reported numerous times with comments from the Saudis. Whether the Saudis did or did not fund or support the 911 terrorists, I have no clue, they say they didn't but that will not keep them from being sued by class action legal bandits.
A lawsuit of this nature is not something that would be a precedent. Talisman Energy a Canadian Oil and Gas company who was active around the world faced several years of court battles regarding the Sudan. The claim was that money from the consortium that Talisman was a partner in funded the Sudanese government who then used that money to bomb civilians in the south. Talisman had nothing to do with the government decisions nor their war but the charge that was made was they were complacent and aided the Sudanese gov't whether intentionally or not. It was eventually thrown out of court but not after the company had spent millions of dollars defending itself.
The premise would be the same for someone filing a class action lawsuit against ARAMCO. Money from oil production by ARAMCO goes directly to the gov't who then uses it to fund terrorism. Not hard to see how someone could try to make that claim.
Numerous articles have suggested 911 litigation is an issue for SA listing in NY and lawyers have warned them against it.
https://oilprice.com/Energy/Energy-General/Saudi-Aramco-IPO-Under-Pressure-As-911-Lawsuits-And-Oil-Prices-Hit.htmlSaudi Aramco IPO Under Pressure, As 9/11 Lawsuits And Oil Prices Hit
The JASTA lawsuits have come at the same time that Saudi minister of foreign affairs Al Jubeir stated in the press that Saudi Arabia is having "serious discussions" with the New York Stock Exchange about having the NYSE as one of the exchanges for state oil giant Saudi Aramco's IPO. He reiterated on Friday, March 24, that “our objective is to try to complete the IPO sometime in 2018. There are serious discussions with the New York Stock Exchange about having the NYSE be one of the exchanges for the Aramco IPO and I believe the decision will be made on the financial merits". Looking however at the lawsuits, this could become doubtful soon. For U.S. investors and Washington pundits, the threat is also real as Aramco and MBS could decide not to list it on NYSE but choose major listings in London (LSE), Hong Kong or Tokyo. Such a decision could be another major slap in the face to Trump, as part of his ongoing economic strategy would be increased investments in the U.S. infrastructure sector. Saudi Arabia, via MBS, has been promising vast investments in these sectors, in addition to Saudi high-tech investments already done or projected. The lawsuits against the Kingdom currently pursued will not be taken lightly by Saudi royalty
https://www.ft.com/content/d25bc250-491e-11e7-919a-1e14ce4af89bLegal counsel, which usually takes precedence over advice from financiers, implies London is now the frontrunner. “The company is very conservative,” said one person briefed on the matter. Saudi Aramco’s assets in the US, including the country’s biggest refinery Motiva, were more vulnerable to legal action, he said. “It would be reckless to list in New York when advised so strongly against it,” he said.
The legal risks arising from a New York listing include new US terrorism legislation that could allow families of the victims of the 9/11 terror attacks to sue Saudi Arabia.
https://www.wsj.com/articles/aramco-ipo-stalled-by-indecision-over-where-to-list-1517158800Saudi Arabia’s state-owned oil producer into the world’s largest public company, the kingdom and its advisers remain stuck on the crucial question of where to list the shares.
External advisers and officials at the company, known as Aramco, have privately warned that Prince Mohammed’s preferred venue, the New York Stock Exchange, could expose the kingdom to lawsuits from shareholders and 9/11 victims, people familiar with the matter said.
https://www.rigzone.com/news/oil_gas/a/150567/oped_1_trillion_on_the_line_and_saudi_aramco_ipo_riddled_with_risk/Aramco’s lawyers at White & Case LLP have said as much, and other outside experts are making similar assertions.
“Aramco risks becoming the litigation target of 9/11 victims and every other climate change zealot with a novel legal theory,” said Ethan Bellamy, senior analyst at R.W. Baird & Co. “To reap the rewards of listing in the U.S., inevitably the Saudis must expose themselves to the type of relentless litigation onslaught that plagues most large public companies, in addition to assuming the burdens of September 11.”
https://www.theglobeandmail.com/report-on-business/rob-commentary/expect-saudis-to-keep-aramco-ipo-domestic/article36827656/A New York listing would expose the Saudi government to the risk of lawsuits related to the Sept. 11, 2001, terrorist attacks (15 of the 19 airliner hijackers were Saudi citizens).