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Searching for Spoils of the Holocaust
The Recorder
August 28, 1998
A new wave of litigation directed at companies that held WWII era partnerships with the Nazis is expected now that the Italian insurance company Assicurazioni General has settled with Holocaust survivors for $100 million and agreed to turn over documents incriminating other insurers. Other targets of potential litigation include companies that allegedly exploited laborers enslaved by the Nazis. Attorney Morris A. Ratner, one of the architects of the groundbreaking $1.25 billion Swiss Banks settlement, noted, "Every time we have looked at the World War II documents, we have found more incriminating evidence relating to the various private actors who either assisted the Nazis or illicitly profited from the Holocaust."