Korber v. Bundesrepublik Duetschland

Dist. Ct. did not err in dismissing plaintiff’s lawsuit seeking recovery on bearer bonds that Germany had issued or guaranteed before World War II began, where: (1) 1953 Treaty entered into between US and West Germany provided that foreign debt contracted before end of World War II would be paid if found by validation panel to be legitimate; and (2) one plaintiff failed to submit said bonds to validation panel, and other plaintiff submitted bonds to validation panel, which found bonds to be ineligible for payment. Instant Treaty was binding on plaintiffs, such that they could not seek collection on un-validated bonds. Ct. further found that instant lawsuit had been filed beyond applicable statute of limitations period since plaintiffs should have submitted bonds to validation panel decades ago.