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News Brief

April 20, 2004
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Most money left from the $1.25 billion Swiss banks settlement likely will go to poor Holocaust survivors in the former Soviet Union. In a recommendation this week, the special master in the case echoed U.S. District Court Judge Edward Korman in urging that the neediest of survivors worldwide, who live in former Soviet states, should receive much of the remaining money. So far, Korman has approved $593 million in restitution for Swiss account holders or their heirs, slave laborers of German firms that used Swiss banks, Jewish refugees from Switzerland and various humanitarian programs.

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