Legal Opinion
In Re Holocaust Victim Assets Litigation
District Court, E.D. New York
Decided August 2, 2000No. 96 Civ. 4849 (ERK)(MDG), 99 Civ. 5161 and 97 Civ. 461PublishedCited by 51 opinions
1Opinion of the Court
MEMORANDUM & ORDER
KORMAN, Chief Judge.
I address here the legal issue of the fairness of the $1.25 billion settlement of the Holocaust Victim Assets Litigation against two leading Swiss banks. The words of Ernest Lobet, a survivor of the Holocaust, provide the best summary of the conclusion that I reach after the analysis to follow:
I have no quarrel with the settlement. I do not say it is fair, because fairness is a relative term. No amount of money can possibly be fair under those circumstances, but I’m quite sure it is the very best that could be done by the groups that negotiated for the…
2Cases cited23 opinions
- Amchem Products, Inc. v. WindsorSupreme Court of the United States · 1997
- City of Detroit v. Grinnell Corporation, Manhattan-Ward, Incorporated v. Grinnell Corporation, 1225 Vine Street Building, Inc. v. Grinnell CorporationCourt of Appeals for the Second Circuit · 1974
- Carson v. American Brands, Inc.Supreme Court of the United States · 1981
- Ortiz v. Fibreboard Corp.Supreme Court of the United States · 1999
- Fed. Sec. L. Rep. P 98,755, Fed. Sec. L. Rep. P 99,074 William B. Weinberger v. James C. Kendrick, Charles M. CoyneCourt of Appeals for the Second Circuit · 1983
18 more not listed; retrieve them via the Exa API.
3Cited by51 opinions
- Wal-Mart Stores, Inc. v. Visa U.S.A. Inc.Court of Appeals for the Second Circuit · 2005
- Alperin v. Vatican BankCourt of Appeals for the Ninth Circuit · 2005
- In re Vivendi Universal, S.A. Securities LitigationDistrict Court, S.D. New York · 2007
- Nordwind v. RowlandCourt of Appeals for the Second Circuit · 2009
- In Re Visa Check/Mastermoney Antitrust LitigationDistrict Court, E.D. New York · 2003
46 more not listed; retrieve them via the Exa API.