12 Aug 2010

Investors seek bond payments stopped by Hitler

3:30 pm on 12 August 2010

A lawyer for plaintiffs in the United States says an appeals court has ruled Germany can be sued by investors seeking reimbursement for post-World War I reconstruction bonds that Adolf Hitler stopped paying.

Michael Elsner, who represents Florida-based World Holdings in the case, says damages of more than $US450 million were being sought.

The bonds were issued by Germany after World War I.

Court documents show repayment was stopped by then-Chancellor Adolph Hitler in 1933.

A German Embassy official in Washington declined to comment on the case.