Two brothers, Salman and Simon Schocken, established a department-store chain in Germany in 1931. The chain store was seized by the Nazi controlled government in Germany in 1938. In a ruling this past summer, a court in Berlin awarded the heirs of the two founders the equivalent of $68 million to compensate for the seizure that took place over 60 years ago. The case had been in the court system for 20 years.
See Bloomberg News, Jewish Family Gets $68 Million for 1938 Nazi Store Seizures, Private Wealth, June 12, 2014.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
