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Nazi-era paintings to stay in N.Y.

NEW YORK (JTA) — Two Picasso paintings claimed by a German Jewish scholar will remain in New York.

Under the terms of a settlement announced Monday, the Museum of Modern Art and the Solomon Guggenheim Foundation will retain the paintings that were sought by the family of Paul von Mendelssohn-Bartholdy, who allegedly was forced by the Nazis to part with them. The museums had denied the paintings were acquired under duress.

The terms of the settlement were not made public, but U.S. District Judge Jed Rakoff criticized the non-disclosure and gave the parties 30 days to explain why the terms should remain confidential, Reuters reported.

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