Judge approves 'Gold Train' Holocaust settlement

[JURIST] US District Judge Patricia Seitz gave her conditional approval Thursday to the proposed $25.5 million settlement [JURIST report] between Hungarian survivors of the Holocaust and the US government over a train seized by the US Army in 1945 that was filled with gold, art, and other property, valued at the time between $50 million and $200 million. The settlement provides that elderly Hungarian Jews will receive help with health-care costs and living expenses, with finalization of the deal expected to come in October. Judge Seitz’s conditions include some minor changes in paperwork, written statements from plaintiffs stating their approval of the arrangement, and clarification of the list of plaintiffs, some of whom have expressed disapproval over the deal because no direct compensation will occur. Review the draft of the settlement agreement [PDF]. Reuters has more .

 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.