Search JTA's historical archive dating back to 1923

German Shareholders to Vote on $7,150,000 Compensation to Jews

April 5 has been set as the date of the next regular shareholders’ meeting of the IG-Farben chemical corporation, which will have to approve the recent $7,150,000 out-of-court settlement with the firm’s former Auschwitz slave laborers. The agreement was signed early this month by IG-Farben’s principal officers, Dr. Walter Schmidt and Dr. Brinckmann, but ratification […]

February 21, 1957
See Original Daily Bulletin From This Date
Advertisement

April 5 has been set as the date of the next regular shareholders’ meeting of the IG-Farben chemical corporation, which will have to approve the recent $7,150,000 out-of-court settlement with the firm’s former Auschwitz slave laborers.

The agreement was signed early this month by IG-Farben’s principal officers, Dr. Walter Schmidt and Dr. Brinckmann, but ratification by the shareholders is necessary before it can enter into effect. Under the terms of the settlement, the Conference on Jewish Material Claims Against Germany will distribute 90 percent of the $7,150,000 among Jewish survivors of Buna-Monowitz and those other plants which IG-Farben operated near Auschwitz with manpower supplied by the SS from the inmates of the death camp

Recommended from JTA

Advertisement