ESTATE OF KAINER v. UBS AG, A SWISS CORP.

Docket No. 650026/13.

2017 NY Slip Op 32316(U)

ESTATE OF MARGARET KAINER, and the following individuals as heirs of MARGARET KAINER: KURT BECK a/k/a CURT BECK as executor of the estate of Ann Beck, JANET CORDEN as executor of the estate of Gerald Corden, MARTIN CORDEN as executor of the estate of Gerald Corden, SIMON CORDEN as executor of the estate of Gerald Corden, WARNER MAX CORDEN, FIRELEI MAGALI CORTES GRUENBERG, MATILDE LABBE GRUENBERG, HERNAN LABBE GRUENBERG, PETER LITTMAN, HERNAN RENATO CORTES RAMOS, and EQUITY TRUSTEES LIMITED as executor of the estate of Elli Alter, Plaintiffs, v. UBS AG, a Swiss corporation, UBS GLOBAL ASSET MANAGEMENT (AMERICAS), INC., NORBERT STIFTUNG f/k/a NORBERT LEVY STIFTUNG, a purported Swiss foundation, EDGAR KIRCHER, CHRISTIE'S INC., and JOHN DOES 1-X, including a possessor of a painting entitled Danseuses, by Edgar Degas, c. 1896, Defendants.

Supreme Court, New York County.

October 30, 2017.


DECISION/ORDER

This action involves a dispute over ownership rights to an asset of the estate of Margaret Kainer (Kainer)—a Degas painting entitled Danseuses (the Painting). The Painting was part of an art collection that was looted in 1935 by the Nazi regime. Plaintiffs claim that defendants wrongfully agreed...

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