Osen LLC in the News

“Crédit Lyonnais Suit Over Middle East Attacks Nears Trial”
Bloomberg - March 1, 2013

Credit Lyonnais SA may have to face a trial over claims by victims of Middle East attacks that the bank aided a Hamas affiliate, a U.S. judge ruled. About 200 victims and family members affected by 14 separate attacks in Israel and Palestinian territories can move forward with their case, said U.S. District Judge Dora L. Irizarry in Brookly, New York.

“Las Vegas man wins battle to reclaim father's poster collection”
Las Vegas Review Journal - January 19, 2013

Peter Sachs's father, Hans, went to his grave wondering whether the Nazis had destroyed the renowned poster collection he'd devoted his life to building. Imagine, then, how Peter felt when -67 years after his father's collection was seized - he discovered that 4,344 posters had not only survived the Nazis, but the Soviets and the East Germans.

“Arab Bank Sanctions Order Appeal Dismissed by U.S. Court”
Bloomberg - January 18, 2013

Arab Bank Plc (ARKB)'s appeal of sanctions for not obeying discovery orders in a lawsuit brought by victims of terrorist attacks was dismissed by a federal appeals court in New York. The U.S. Court of Appeals in Manhattan ruled today that it couldn't hear the bank's appeal of a sanctions order imposed by U.S. District Judge Nina Gershon in Brooklyn until after the consolidated suits pending before her have ended. "We conclude that the sanctions order is not a reviewable collateral order, and we therefore dismiss the bank's appeal for want of jurisdiction," the panel of judges said.

“AP Interview: Posters seized by Nazis being sold”
Yahoo News - January 17, 2013

AP Interview: Posters seized by Nazis being sold. By David Rising/Associated Press 1.17.2013

“Art cache stolen by Nazis and hidden by Soviets to be sold in NY ”
The Times of Israel - January 17, 2013

After decades in limbo, the remnants of a unique, jewish-owned poster colelction are back in the public eye -- at least for a few days. The Times of Israel by Samantha Karlin January 17, 2013. New York city

“Back on the Market”
Eye Magazine - January 13, 2013

Eye Magazine - A sale of 1250 prewar posters from Dr Hans Sachs's legendary collection will take place in New York on 18, 19 and 20 January 2013, writes Graham Twemlow. The Guernsey's auction catalogue states that "...many of the posters in the collection are believed to be the sole surviving examples of those particular images."

“After Lengthy Legal Fight, Nazi-Looted Poster Trove to be Sold at Guernsey's”
Gallerist New York - January 10, 2013

Galleristny.com by Zoe Lescaze: Though there have been a number of drawn-out legal battles over Nazi-looted art in recent years, few have been as involved as the saga of the enormous Hans Sachs poster collection. From the lowest German court to the highest, Peter Sachs pursued the return of his father's 4,344 surviving posters, which were being held by the German Historical Museum in Berlin.

“'Nazi-looted' posters to be auctioned”
BBC News - December 20, 2012

A rare collection of turn-of-the-century posters by some of the biggest names in art are to go under the hammer in New York. The collection was amassed by a Jewish dentist from Germany but was seized by Nazi soldiers in 1938. Around a third of the posters - some 4,300 - have survived, and include works by Gustav Klimt, Edvard Munch and Toulouse Lautrec. The lot is valued at almost $6m (£3.7m), with some estimates suggesting it could reach double that amount at auction. James Kelly reports.

“Thousands of Rare Posters Stolen by Nazis to Be Auctioned”
DNAinfo New York - December 19, 2012

LENOX HILL — Thousands of rare posters that were stolen by Nazis more than 70 years ago will be auctioned next month to benefit the family of the Jewish man who originally owned them.

“Hamas Finance Case Can Proceed Against Arab Bank”
The Jerusalem Post - September 13, 2012

US Judge rules that Jordan-based bank can be held liable for holding Hamas funds by US citizen wounded in 2008 Hamas fire.