Survivors' lawyer wins $3 million fee

20 survivors claim NYU professor who got them $1.25b from Swiss banks had agreed to work gratis.

By
December 7, 2007 21:58
1 minute read.
Survivors' lawyer wins $3 million fee

auschwitz 298.88. (photo credit: )

 
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 analysis 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 experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • 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

After years of wrangling over legal fees, a federal judge has approved $3.1 million in legal fees to a law professor for his work distributing a $1.25 billion settlement to Holocaust survivors. Burt Neuborne, a professor at New York University Law School, and other attorneys sued Credit Suisse, UBS AG and other Swiss banks in the 1990s on behalf of the survivors, accusing them of looting millions of dollars of Jewish assets. The lawyers worked for free. The judge asked Neuborne if he would remain on the case after the settlement was reached to help distribute the money. He agreed, but for a fee. A group of about 20 survivors objected to his application for $5.7m. in legal fees after the distribution was concluded, saying they believed he had agreed to do the work for free. Last spring, the dispute came before a federal magistrate, who recommended that Neuborne receive $3.1m. US District Court Judge Frederic Block approved that settlement on Thursday in Brooklyn federal court. Neuborne said he was pleased with the ruling, noting that just a small group of the plaintiffs had objected to the fee. "The bulk of the survivors have been wonderful," he said. "Sure, it hurts, but they earned the right to criticize anyone they want."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Joan Rivers
August 28, 2014
Joan Rivers rushed to hospital following throat surgery

By JPOST.COM STAFF