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U.S. court approves $25.5 mln settlement on stolen Jewish property

A Florida district judge on Tuesday approved a $25.5 million out-of court settlement between the U.S. government and Hungarian Jews who lost their valuable possessions during World War II. The U.S. Army confiscated a train Nazis had packed with works of art and jewels plundered from Hungarian Jews in 1945, but the so-called Gold Train still continues to stir controversy. The settlement requires the U.S. government to issue a public apology. Many Jews involved in the case objected to the financial terms whereby compensation is to be distributed through Jewish organizations over the next five years rather than divided among the survivors whose assets were confiscated. Hungarian Jewish charities will receive 23% of the entire compensation amount.