"Woman in a Black Pinafore" by Egon Schiele In Case Over Nazi-Looted Art, Dispute Over $1.4M in Prejudgment Interest Heats Up
"As long as they continue to assert title, we can't sell the artworks," said the lawyer for the Jewish heirs to an Austrian 1920s art collector who had owned the Egon Schiele paintings before the Nazis imprisoned him. The heirs are claiming that money interest on the artworks continues to grow as the interest amount is disputed and leave for appeal on the merits is sought.
December 09, 2020 at 01:48 PM
6 minute read
In a closely watched case over the rightful ownership of two early 20th century paintings looted by the Nazis, a fierce legal battle has emerged over $1.4 million in pre-judgment interest that—in the view of the lawsuit's plaintiffs—continues to grow each day as legal arguments drag on.
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