Yisroel Schulman

Swiss Bank Claimants Deserve Better

In November 2000 a group of Swiss banks settled a class-action lawsuit by agreeing to pay $1.25 billion to Holocaust victims, including $800 million to those who deposited funds in the banks prior to World War II and did not receive them afterward. The Zurich-based Claims Resolution Tribunal, or CRT, was appointed to administer the…