A U.S. district court approved a plan under which Bank Austria agreed to pay $40 million to settle Holocaust-era claims. Jewish groups welcomed Thursday’s settlement after the bank agreed to an amendment under which it agreed to acknowledge a moral obligation to compensate Holocaust victims. The amendment also declares that other Austrian firms facing similar claims will not be covered by the settlement.
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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.
