Law
Claims for $3 billion against Deutsche, Credit Suisse dismissed
US judge dismisses lawsuit – in which Jewish trust tried to reclaim $3 billion – that dates back to before rise of Nazis in Germany.
A US judge has dismissed a lawsuit against Deutsche Bank and Credit Suisse Group in which a Jewish trust tried to reclaim $3 billion (2.5 billion) that dates back to before the rise of the Nazis in Germany.
The case centres on funds that Karl Wertheim, the son of a German-Jewish industrialist, paid into Credit Suisse accounts in Switzerland, beginning in 1931.
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