microrobert
08-23-2012, 05:00 AM
Hungarian Banks Win Dismissal of Holocaust Claims
Hungarian victims of the Holocaust failed to persuade a panel of judges that they should be able to sue Budapest-based OTP Bank Plc (OTP) and MKB Bank Zrt, a unit of Munich-based BayernLB Holdings HG, in U.S. courts.
The U.S. court of appeals in Chicago today dismissed the case against the banks, ruling that American courts don’t have jurisdiction because the
The ruling in favor of OTP Bank and MKB Bank was one of three issued by the appeals court today on claims filed by Hungarian Holocaust victims or their heirs, who collectively are seeking about $75 billion in damages, according to the rulings.
Hungarian Banks Win Dismissal of Holocaust Claims - Businessweek (http://www.businessweek.com/news/2012-08-22/hungarian-banks-win-dismissal-of-holocaust-claims)
Hungarian victims of the Holocaust failed to persuade a panel of judges that they should be able to sue Budapest-based OTP Bank Plc (OTP) and MKB Bank Zrt, a unit of Munich-based BayernLB Holdings HG, in U.S. courts.
The U.S. court of appeals in Chicago today dismissed the case against the banks, ruling that American courts don’t have jurisdiction because the
The ruling in favor of OTP Bank and MKB Bank was one of three issued by the appeals court today on claims filed by Hungarian Holocaust victims or their heirs, who collectively are seeking about $75 billion in damages, according to the rulings.
Hungarian Banks Win Dismissal of Holocaust Claims - Businessweek (http://www.businessweek.com/news/2012-08-22/hungarian-banks-win-dismissal-of-holocaust-claims)