German court orders unprecedented compensation for Jew’s Nazi-era funds
Posted on 28. Jul, 2009 by Shera Crossan in Business & Finance, Economy, Events, Hidden Crimes, Israel & Jewish Issues, Shera Crossan, War Coverage
A German appeals court has ordered greater compensation for the American heirs of a Jewish businessman forced to sell his company stock under the Nazis’ “Aryanization” program – a ruling that could set a precedent for dozens of others, their attorney said Wednesday.
The Federal Administrative Court ruled July 17 that the heirs of businessman Bernhard Hirschmann should be compensated based on the fact that he and his brother lost their company, not just shares, said Berlin attorney Robby Fichte, who represented Hirschmann’s heirs.
The ruling increases the compensation about 20-fold to some euro700,000 (nearly $1 million), Fichte said. The federal court confirmed the ruling but said no details would be released until the full written verdict is delivered in six to eight weeks.
The defendant in the case, Germany’s Federal Office for Central Services and Unresolved Property Issues, said it could not comment on how many other cases could be affected by it until it saw the entire written decision.
“We lost, but we don’t know why yet,” said spokeswoman Ellen Haendler. “So I can’t say anything more until we have the ruling.” Source
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