Judge in NYC approves Holocaust payment deal

By
February 27, 2007 20:48

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

A judge gave final approval Tuesday to a settlement by Holocaust victims, their relatives and an Italian insurance company, saying the deal to end a lawsuit brought a decade ago was fair, but not perfect. US District Judge George B. Daniels announced his approval from the bench after listening to lawyers on all sides, including an attorney for six objectors who insisted the deal with Assicurazioni Generali would deny justice for tens of thousands of victims. "The settlement is not perfect, but it's hard to imagine any recovery for Holocaust victims after 60 years could be just compensation," Daniels said. Under the deal, Generali would accept new claims until March 31, even though it has already paid $135 million to settle claims. So far, 3,300 people have made fresh claims, which might entitle them to payouts under an international commission's formula. Lawyers said an average of $25,000 was expected to be paid out per claim.

Related Content

US Ambassador to the United Nations Nikki Haley delivers remarks to the press
July 19, 2018
Nikki Haley: UNHRC’s Agenda 7 is ‘directed against Israel’s existence’

By TOVAH LAZAROFF