Fagan Files $1 Billion 'Holocaust Compensation' Lawsuit
News; Posted on: 2004-04-01 20:43:39
Targets: Austria, Sotheby's auction house
Jew Edward D. Fagan, a New York-based attorney, announced Thursday he was filing a $1 billion lawsuit on behalf of "Holocaust victims" whose precious artworks were "stolen by the Nazis and sold off after World War II." The suit will be filed later Thursday in U.S. District Court in New York.
Fagan contends the missing artworks include paintings by Monet, Cezanne, Delacroix and other Impressionist masters.
The plaintiffs, who were not identified by name, were said to include Jews from Austria, Belgium, France, Hungary, Germany, Israel, Poland, Switzerland, the United States and other countries. "These victims are suing to recover their property," Fagan said.
Fagan said the artworks were sold off by Sotheby's and other auction houses with the complicity of Bank Austria, Erste Bank and the Austrian government, which he said issued export licenses allowing the works to leave the country. The works' rightful owners, he said, were mostly Jews who perished in the Holocaust.
"We are accusing the banks of engaging in the trafficking of stolen Holocaust artwork," Fagan said. "It's not sufficient to say, `We don't have anything.' A New York court is going to say, `Well, you've got something -- show me."'
Bank Austria paid $45 million in 1999 to settle a lawsuit brought by Fagan on behalf of Jews whose gold and other financial assets were stolen by the Nazis and allegedly fell into the bank's hands after the war.
Lawsuit Filed Over Artwork Looted By Nazis
( http://www.nationalvanguard.org/story.php?id=2578 )
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