A New York federal judge has awarded $21.9 million to heirs of two families victimized by the Holocaust -- the largest single claim paid so far in a case against Swiss banks accused of betraying their Holocaust-era clients to gain favor with the Nazis. One of the survivors, Maria Altmann, is in mediation this week in California to recover more than $150 million worth of paintings by Gustav Klimt, which are now hanging in the Austrian Gallery.
April 15, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal judge has approved a $21.9 million award to heirs of two wealthy families victimized by the Holocaust, more than 65 years after a Swiss bank passed their fortune to the Nazis.
The award was the largest single claim paid thus far in a case against Swiss banks accused of betraying their Holocaust-era clients to gain favor with the Nazis. Lawyers said the previous high for an award was about $4 million.
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