Freud's grandson wins Holocaust case

By
December 15, 2005 05:10

The grandson of pioneering psychoanalyst Sigmund Freud has been awarded $168,000 in the case against Swiss banks accused of betraying their Holocaust-era customers in favor of the Nazis. The estate of Anton Walter Freud, who died last year at age 83, will receive the money as part of a $3 million payout to 23 claimants, according to a written ruling Wednesday by US District Judge Edward Korman. The judge approved the payment in federal court in the New York City borough of Brooklyn based on the recommendation of a court-appointed tribunal that disburses funds set aside under a settlement between Holocaust survivors and the banks. The survivors and their families sued Credit Suisse Group, UBS AG and other Swiss banks, accusing them of stealing, concealing or sending to the Nazis hundreds of millions of dollars worth of Jewish holdings and destroying bank records to cover the paper trail.


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