U.S. District Court Notes Holocaust-Era Swiss Bank Funds Can be Claimed Against New List of 3,100 Names

January 12, 2005

Swiss banks have reportedly agreed to the publication of an additional 3,100 names of bank account holders who were probably Holocaust victims, giving survivors and heirs of Nazi victims another opportunity to apply for long-delayed compensation from accounts that were
inaccessible for more than 50 years.

The publication of the list will be announced on Thursday, Jan. 13 at 10 a.m. at the Brooklyn Federal Courthouse, 225 Cadman Plaza East, Room 10.

The names are being published under the auspices of the $1.25 billion
Swiss Banks Settlement, reached in 1998 in U.S. District Court between Holocaust survivors and Swiss banks under Chief Judge Edward Korman of the Eastern District of New York. This new list is in addition to a list published in 2001 of 21,000 names of Swiss account holders who were considered likely Nazi victims.

To date, more than 2,800 awards totaling approximately $240 million have been made to claimants who plausibly have shown that they or their relatives had deposited assets in Swiss banks in the period 1933 to 1945 that have not been previously repaid to them.

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