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US firm selected to represent MNB in Holocaust case

The National Bank of Hungary has selected US law firm Katten Muchin Rosenman to represent it in a suit filed by Holocaust survivors and descendants in the US, MTI learnt.

According to the plaintiffs, the National Bank of Hungary, the Erste Group Bank, the MKB Bayerische Landesbank, OTP Bank and Creditanstalt or their predecessors participated in the Holocaust, they were accomplices and instigators by appropriating the assets of Jewish victims.

The plaintiffs, who call themselves “Holocaust victims of bank theft” in the document submitted to the Illinois Northern District Court, demand $2 billion plus interest in compensation.

According to the claim, the banks appropriated the funds held in the accounts of Jewish Holocaust victims, as well as jewelry, art objects and securities stored in their security safes.

OTP and Unicredit (Creditanstalt) declared earlier that they were not legal successors of banks operating in Hungary during WWII. (MTI – Econews)