The family of Daniel Pearl, who grew up in the San Fernando Valley, said they hoped "justice will be served," following the news that Pakistani authorities arrested another suspect in the 2002 kidnapping and beheading of the 38 year old Wall Street Journal reporter.

Pearl, who grew up in Encino and attended Birmingham High School, was in Karachi, researching a story on a link between attempted shoebomber Richard Reid and al- Qaida, Islamic militants.

The latest suspect, Britishborn Qari Abdul Hayee, also known as Asadullah, was arrested Sunday in the capital city of Karachi and is a reputed leader of the anti- Shiite terrorist group Laskar-e-Jhangvi.The video of the execution of Pearl shocked the world.

Although Hayee is not believed to have personally killed Pearl, he is believed to have been among a group of 25 or more behind the journalist's kidnapping. .

In July 2002, Pakistani authorities arrested Ahmed Omar Saeed Sheikh and three other suspects, and Sheikh was ultimately sentenced to death. U.S. prisoner and al-Qaida suspect Khalid Sheikh Mohammed, who's being held in a military prison at Guantanamo Bay, Cuba, claimed to have personally beheaded Pearl during a closed 2007 hearing.

Despite the claim, he has not been charged with Pearl's murder. The al-Qaida operative, Saif al-Adel, has also been linked to the killing.

"We are gratified with this latest arrest and hope that justice will be served in a timely manner on all those who were involved in the abduction and murder of our son, Danny." said Pearl's parents.

Ruth and Judea Pearl have been very involved in the Daniel Pearl Magnet School in Van Nuys and the Daniel Pearl Foundation that seeks to train U.S., and foreign journalists.