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Settlement Reached Over Holocaust Assets With Swiss Banks
A 1.2 billion agreement among Jewish groups, Swiss banks, and survivors’ lawyers settles claims to assets lost during World War II. Payouts over four years cover dormant accounts at UBS AG, Credit Suisse, the Swiss National Bank, other banks, the Swiss government, and industry. Key figures include Estelle Sapir, senators, and U.S. officials who urged swift justice for aging survivors. The first $250 million payment follows court approval by Judge Edward Korman, with subsequent $333 million installments, as the distribution plan is set.
MENTIONED IN THIS ARTICLE
New York
UBS AG
Credit Suisse
Marc Cohen
Estelle Sapir
Riosalte Camp
France
Europe
United States
Credit Suisse Group
New York City
New York State
California
U.S
Bill Clinton
Flavio Cotti
U.S. Administration
U.S. District Court
Edward Korman
Korman
Ant
Alfonso D’amato
Senate Banking Committee
Stuart Eizensta
Germany
Italy
Switzerland
Abraham H. Foxman
Anti Defamation League of
Bnai Brith