Selendy Gay represents the Simon Wiesenthal Center in litigation in the Eastern District of New York challenging an attempt by UBS to use a 1999 Holocaust-related settlement of claims against Credit Suisse (subsequently acquired by UBS) to shield the bank from all future liability concerning newly uncovered Nazi-linked assets and bank accounts.
On April 7, 2026, Judge Edward R. Korman delivered a critical win for our client in denying UBS’ request for a ruling limiting its exposure to future claims tied to Nazi accounts. UBS had sought “clarification” that the 1999 settlement bars all future Nazi-linked claims. The court declined to issue what it characterized as an advisory opinion, leaving the scope of the settlement to be determined when future litigation is before the Court.
The ruling fully preserves the ability to initiate future claims against UBS and Credit Suisse based on newly discovered evidence.
The case is Friedman v. UBS, No. 96-cv-04849 (E.D.N.Y.).
The Selendy Gay team includes Faith E. Gay, Jennifer Selendy and Temidayo Aganga-Williams.
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