Simon and Nathan Epstein, London bankers, withdrew their suit against the Jewish Colonial Trust for £60,000 damages after Judge Avory intimated that the verdict would be in favor of the Colonial Trust.
The trial lasted four days, the plaintiffs’ counsel being Mr. Birkett, and the defendants’, Serjent & Sullivan.
The plaintiffs, in withdrawing the claim, agreed to pay the costs for the action. They admitted a counter claim of the Bank in the amount of £ 10,000. They expressed regret for instituting the suit and withdrew all aspersions made against the Jewish Colonial Trust.
The suit against the Zionist bank followed proceedings taken against the Epstein brothers in a charge of conspiracy to defraud the bank of £30,000 in stock exchange transactions. The brothers were acquitted of the charge, the Jewish Colonial Trust sustaining the loss.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
