IBM Holocaust Case to be Voluntarily Dismissed

Michael D. Hausfeld, senior partner with Cohen, Milstein, Hausfeld & Toll, P.L.L.C., announces that the class action lawsuit filed against IBM (Grossman, et al. v. IBM), asserting that IBM equipment aided the activities of the Nazi regime during World War II, will be voluntarily dismissed in order to speed the implementation of the German Foundation "Remembrance, Responsibility, and the Future," making payments to the millions of victims of Nazi persecution.

Even though the German Foundation does not cover claims against U.S. parent companies, such as IBM, for actions unrelated to their German affiliates and the German affiliates' involvement in National Socialist injustice, Mr. Hausfeld believes this is a necessary step in order to eliminate any obstacles German industry believes would hinder such payments to victims of the Holocaust.

There is an absolute commitment by the United States government supporting the opening of all archives, public and private, relating to the Holocaust era in order to facilitate further research and encourage greater understanding of the Holocaust and its historical context. The United States has reaffirmed its commitment to having all archives, including company archives, wherever located, open and accessible in order to ensure that all documents bearing on the Holocaust are public. The United States is committed to continuing to work with IBM and with all corporations, governments and other institutions to make archival materials publicly accessible.

For additional information, please contact Michael D. Hausfeld at (202) 408-4600 and Deborah Schwartz at (301) 897-8838.

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