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News Brief

August 24, 1998
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A leading German bank and several of the country’s insurance firms are said to be close to accepting a settlement of Holocaust-era claims. Deutsche Bank is reportedly planning to meet with Jewish officials soon to discuss a possible settlement. The bank, along with Dresdner Bank, faces an $18 billion class- action lawsuit over allegations they knowingly laundered gold and other valuables stripped from concentration camp victims. Meanwhile, German insurers held negotiations over the weekend to reach a settlement, a German newspaper reported.

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