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Judge Rejects UBS Bid to Change Holocaust Settlement Terms

4/8/2026

Summary

Story summary

U.S. District Judge Edward Korman rejected UBS's bid to clarify the 1999 $1.25 billion Holocaust settlement, leaving it unchanged until a genuine case arises.
The bid sought an advisory opinion to shield UBS from hypothetical lawsuits tied to Nazi-linked accounts.
The Simon Wiesenthal Center argued UBS's proposal would improperly expand the settlement's scope.
UBS's move followed a 2020 investigation that found ties between banks and Nazis, including 890 accounts.

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Story summary

U.S. District Judge Edward Korman rejected UBS's bid to clarify the 1999 $1.25 billion Holocaust settlement, leaving it unchanged until a genuine case arises.
The bid sought an advisory opinion to shield UBS from hypothetical lawsuits tied to Nazi-linked accounts.
The Simon Wiesenthal Center argued UBS's proposal would improperly expand the settlement's scope.
UBS's move followed a 2020 investigation that found ties between banks and Nazis, including 890 accounts.