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Neo-nazis in Germany march against the dedication of a Holocaust memorial |
| By: israelinsider staff and partners |
| Published: May 17, 2005 |
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Samuel J. Dubbin, a lawyer for some of the Holocaust victims, urged the court to reject a lower court judge's decision to distribute money to victims according to how badly they need financial help.
That system, he said, would result in too much money going to those who live in countries that were formerly part of the Soviet Union, where 75 percent of the neediest victims reside.
He said the formula leaves about 4 percent of the funds for U.S. victims even though the U.S. population has about 20 percent of the world's Holocaust survivors. Another 40 percent live in Israel, he said.
"There are people living in Brooklyn who have to choose between food, shelter and medicine," he said.
Lawyer Burt Neuborne said there is no perfect system to distribute the remaining funds.
"Virtually everybody in Europe was looted in one way or another by the Nazis," he said.
The $1.25 billion settlement reached in 1998 pertains only to money held by survivors that moved through Swiss banks.
The survivors and their families accused the Swiss banks of stealing, concealing or sending to the Nazis hundreds of millions of dollars worth of Jewish holdings and destroying bank records to cover the paper trail.
The appeals court did not immediately rule.
The AP contributed to this report. |
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