You may recall that late last year we helped expose AIG’s promotion of a shariah-compliant insurance product, and many of you contacted AIG to express your disapproval. At the same time, our friends David Yerushalmi and the Thomas More Law Center filed a suit against the Treasury Secretary and the Federal Reserve Board, arguing that since AIG was being bailed out with massive amounts of tax dollars, promotion of a shariah-compliant product amounted to an unlawful tax-funded promotion of Islam and shariah law.

As expected, the Obama administration’s Department of Justice tried to have the suit dismissed – a request that was denied by Federal District Court Judge Lawrence P. Zatkoff.

The Thomas More Law Center has boldly taken on numerous cases in the arena of radical Islam and terrorism. In appreciation for the Center’s efforts, ACT! for America President Brigitte Gabriel appeared as the keynote speaker at the Center’s annual fundraiser last year. David Yerushalmi is the author of an important research memorandum on the legal risks associated with shariah-compliant finance.

The implications for the AIG-related lawsuit are enormous. Stay tuned.

ACT for America
P.O. Box 12765
Pensacola, FL 32591
www.actforamerica.org

Thomas More Law Center
May 27, 2009

ANN ARBOR, MI – Proclaiming that times of crisis do not justify departure from the Constitution, Federal District Court Judge Lawrence P. Zatkoff allowed the lawsuit against Treasury Secretary Timothy Geithner and the Federal Reserve Board challenging the AIG bailout to proceed.  The lawsuit was filed last December by the Thomas More Law Center, a national public interest law firm based in Ann Arbor, Michigan, and attorney David Yerushalmi, an expert in security transactions and Shariah-compliant financing.

In his well-written and detailed analysis issued yesterday, Judge Zatkoff denied the request by the Obama administration’s Department of Justice to dismiss the lawsuit.  The request was filed on behalf of Treasury Secretary Timothy Geithner and the Federal Reserve Board – the named defendants in the case.  In his ruling, the judge held that the lawsuit sufficiently alleged a federal constitutional challenge to the use of taxpayer money to fund AIG’s Islamic religious activities.

Read the entire article at http://www.thomasmore.org/qry/page.taf?id=19