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About: World Jewish Congress lawsuit against Swiss banks     Permalink

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The World Jewish Congress lawsuit against Swiss banks was launched in 1995 to retrieve deposits made into Swiss banks by victims of Nazi persecution during and prior to World War II. Initiated as WJC negotiations with both the Government of Switzerland and its banks over burdensome proof-of-ownership requirements for accounts, strong support from United States politicians and leaked documents from a bank guard pressured a settlement in 1998 in a U.S. court for multiple classes of people affected by government and banking practices. As of 2015, US$1.28 billion has been disbursed for 457,100 claimants.

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