Settlement Postponed In Holocaust Insurance Case

Law360, New York (January 31, 2007, 12:00 AM EST) -- A $44 million settlement between Italian insurer Assicurazioni Generali SpA and a class of Holocaust victims it allegedly defrauded has reportedly been pushed back another week, with both sides agreeing to further discussions.

The settlement was originally announced in August and was waiting for the approval of Judge George B. Daniels of the U.S. District Court in Manhattan. Almost 50 people had opted out of the settlement, however, saying it would prevent thousands of other Holocaust victims and their heirs from being compensated.

“We’ve been asked...
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