Nixon Peabody and Boies Schiller Prep for Courtroom Clash Over Nazi-Looted Pissarro Masterpiece
It will be up to U.S. District Judge John Walter in Los Angeles to decide whether a Swiss Baron and Spanish Foundation held good title to the painting and whether the Foundation knowingly received stolen property.
November 30, 2018 at 12:33 PM
5 minute read
The original version of this story was published on The Recorder
In a trial more than a decade in the making, lawyers at Boies Schiller Flexner and Nixon Peabody are set to square off starting Dec. 4 in a Los Angeles federal courtroom for three days to decide the fate of a Nazi-looted painting by French impressionist Camille Pissarro.
A Boies Schiller team led by David Boies himself and Miami-based partner Stephen Zack will make the case that the descendants of Lilly Cassirer Neubauer are the rightful owners of Pissarro's “Rue Saint-Honoré, après-midi, effet de pluie.” Neubauer, the great-grandmother of the Cassirer plaintiffs, lost the painting in 1939 after a Nazi-appointed art dealer seized it to conduct an appraisal and valued it at the modern equivalent of $360. The masterpiece since has been appraised at more than $30 million.
“The principle involved here—that no person should never be able to hold good title for a property that has been looted—is a critical principle in today's world,” said Boies Schiller's Zack in a phone interview.
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