First Published in 2001. Sharp criticism was recently focused on Switzerland for its doings during World War II and the Swiss banks' policies with respect to dormant assets belonging to victims of the Holocaust, in a process that lasted more than two years, from spring 1996 to fall 1998. Through the determined action of interested parties, the whole process evolved into a violent crisis with an international dimension. This crisis finally came to an end when an overall settlement was reached under which the foremost Swiss banks agreed to pay $1.25 billion to the Jewish organisations and Holocaust victims who had taken up legal action before the American courts. The aim of this book is to lay bare the mechanics of this crisis that so violently shook Switzerland and harmed its international image. It endeavours to show how and why organisations and governments heaped attack on Switzerland. The declared and perfectly legitimate cause of the crisis was that of seeing justice for the victims of the Holocaust. Behind that lay a hidden agenda only a closer look can bring to light. The proposals made here open up an important area of discussion as international policymakers seek peace and stability in the post-Cold War world.

On October 21, 1996, attorney Michael Hausfeld, with a team of lawyers, filed a class-action complaint against Union Bank of Switzerland, Swiss Bank Corporation, and Credit Suisse on behalf of Holocaust victims. The suit accused the banks of, among other things, acting as the chief financiers for Nazi Germany. On August 12, 1998, the plaintiffs and banks reached a $1.25 billion settlement. Through detailed research, court transcripts, and interviews with politicians, attorneys, historians, and survivors, Jane Schapiro shows how egos, personalities, and values clashed in this complex and emotionally charged case. Inside a Class Action provides an insider's view of a major lawsuit from its inception to its conclusion and will appeal to anyone interested in human rights, reparations, and international law.

With the release of hundreds of damaging documents, a dark side of Switzerland's democracy has been unveiled. Switzerland is now seen as a nation of greedy bankers, collaborators with the Nazis, and robbers of the wealth of the victims of the Holocaust. Swiss Banks and Jewish Souls is a powerfully enlightening account of how a small and determined group of people from divergent backgrounds humbled the legendary Swiss financial empire to achieve a measure of justice for Holocaust survivors and their heirs, while shattering the myth of Swiss wartime neutrality. Rickman tells how a small group of people, none of them professional historians, pieced together a puzzle of unknown proportions and proceeded to dismantle the myth of Swiss innocence and victimization at the hands of the Nazis, and expose a fifty-year cover-up. Untold numbers of European Jews and others placed their funds in Swiss banks because they believed they offered a safe haven for funds which the Nazis were trying to control. What better place to put their money than in Switzerland? Swiss Banks and Jewish Souls discusses how investigative groups proved that Switzerland stole the money of the Jews and helped the Nazis to do the same. No one began with evidence and no one had a source of knowledge upon which to fall back. All they shared was a feeling that something was terribly wrong and that a great injustice had occurred. Propelled by this instinct, a U.S. Senator, the World Jewish Congress, a British Parliamentarian, the U.S. Holocaust Memorial Museum, and a handful of Holocaust survivors accomplished what the U.S., British, and French governments and a group of feuding Jewish organizations could not or would not do. As a result of this effort, how the world views Switzerland and how Switzerland views itself has been redefined. Most importantly, those who survived the Nazi horrors, only to be victimized again by the Swiss bankers, have now achieved some measure of justice, or at least financial compensation after more than fifty years.

In Conquest and Redemption, Gregg J. Rickman explains how the Nazis stole the possessions of their Jewish victims and obtained the cooperation of institutions across Europe in these crimes of convenience. He also describes how those institutions are being brought to justice, sixty years later, for their retention of their ill-gotten gains.Rickman not only explains how the robbery was accomplished, tracked, stalled, and then finally reversed, but also clearly shows the ways in which robbery was inextricably connected to the murder of the Jews. The Nazis took everything from Jews--their families, their possessions, and even their names. As with the murder of Jews, the Nazis' robbery was an organized, institutionalized effort. Jews were isolated, robbed, and left homeless, regarded as parasites in the Nazis' eyes, and thus fair game. In short, the organized robbery of the Jews facilitated their slaughter.How did the German people come to believe that it was permissible to isolate, outlaw, rob, and murder Jews? A partial explanation can be found in the Nazis' creation of a virtual religion of German nationalism and homogeneity that delegitimized Jews as a people and as individuals. This belief system was expressed through a complex structure of religious rules, practices, and institutions. While Nazi ideology was the guiding principle, how that ideology was formed and how it was applied is important to understand if one is to fully grasp the Holocaust.Rickman painstakingly describes the structural composition and motivation for the plundering of Jewish assets. The Holocaust will always remain a memory of unequalled pain and suffering, but, as Rickman shows, the return of stolen goods to their survivors is a partial victory for the long aggrieved. Conquest and Redemption will be of interest to students and scholars in the history of the Holocaust and its aftermath.

"English version has been translated from German and French original text.".