Posted on Mon, Apr. 18, 2005
DAVID KRAVETS
Associated Press
SAN FRANCISCO - A federal appeals court on Monday reinstated a lawsuit brought by survivors of the Holocaust in Croatia, the Ukraine and Yugoslavia who allege the Vatican Bank accepted millions of dollars of their valuables stolen by Nazi sympathizers.
The Vatican Bank, the financial arm of the Roman Catholic Church, denies allegations that during World War II it stored the looted assets from thousands of gypsies, Jews, Serbs and others who were killed or captured by the Nazi-backed Ustasha regime that controlled Croatia.
A federal judge had dismissed the 1999 case, but the 9th U.S. Circuit Court of Appeals said the survivors should have their day in court in an effort to be compensated for their monetary losses, and to be given an accounting of what money, if any, the bank received from the Nazi-backed Ustasha regime.
An attorney for the survivors and their beneficiaries said the decision, combined with a new pope expected to be named any day, could spark an out-of-court settlement.
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