Judge Approves Long-Awaited Holocaust Settlement

Law360, New York (February 28, 2007, 12:00 AM EST) -- A federal judge has approved a settlement between Italian insurer Assicurazioni Generali SpA and a class of Holocaust victims it allegedly defrauded, thus ending a case that has dragged on for about 10 years.

Judge George B. Daniels of the U.S. District Court in Manhattan signed off on the settlement Tuesday. At the hearing, he said, “The settlement is not perfect, but it’s hard to imagine any recovery for Holocaust victims after 60 years could be just compensation,” according to Newsday.

Thus far, Generali has already...
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