German companies are ready to establish a “generous” Holocaust compensation fund on the understanding that survivors’ class-action suits against the firms be dropped, according to a top German official. The fund would be preferable to fighting the suits, which “threaten to drag our country and our companies through the mud,” Chancellery Minister Bodo Hombach told a Bonn news conference. His comments came after he participated in talks with Jewish leaders in Washington about creating the fund.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
