The Conference on Jewish Material Claims Against Germany and the management of the IG-Farben chemical corporation have agreed not to go through with the original plan of convening a special stockholders meeting to approve a settlement, tentatively set at $7,150,000, of all claims by slave laborers exploited by the firm during the war in the synthetic rubber plant at Buna-Monowitz.
Instead, the settlement proposal about which negotiations are continuing, is to be submitted to the next regular stockholders meeting, probably in March. The readiness of the IG-Farben chemical empire to meet certain claims for back pay and damages submitted by 2,400 surviving slave laborers is the result of a test suit brought in the German courts five years ago by Norbert Wollheim, then a leader of the Jews in the British Zone of Germany and now a New York resident. It is also due to the realization that while the Wollheim litigation is in progress, IG-Farben cannot take certain financial measures it considers necessary.
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.
