Quantcast
  

Thursday, October 23, 2014         

TO ACCESS SUBSCRIBER CONTENT:
Current Print Subscribers
ACTIVATE account
- OR -
LOGIN or SUBSCRIBE
for full digital access

Art buyer will pay $10M to settle Marcos lawsuit

By Nelson Daranciang

POSTED: 01:30 a.m. HST, Jul 17, 2013

~~<p>A foreign art collector who purchased a masterpiece by impressionist painter Claude Monet that had disappeared from Imelda Marcos' Manhattan townhouse in 1986 has agreed to pay $10 million to the more than 9,000 Filipinos who successfully sued the estate of Imelda's husband, Ferdinand Marcos, for the human rights abuses they suffered under Marcos' rule as president of the Philippines, according to the lawyers for the abuse victims and their heirs.</p>
<p>The lawyers for the class-action plaintiffs, to whom a federal judge here awarded a nearly $2 billion judgment in 1995 against Marcos' estate, filed the $10 million settlement with the buyer of the painting in U.S. District Court in Hono&shy;lulu last week under seal. They are hoping the court will grant them final approval of the settlement in September.</p>
~~

A foreign art collector who purchased a masterpiece by impressionist painter Claude Monet that had disappeared from Imelda Marcos' Manhattan townhouse in 1986 has agreed to pay $10 million to the more than 9,000 Filipinos who successfully sued the estate of Imelda's husband, Ferdinand Marcos, for the human rights abuses they suffered under Marcos' rule as president of the Philippines, according to the lawyers for the abuse victims and their heirs.

The lawyers for the class-action plaintiffs, to whom a federal judge here awarded a nearly $2 billion judgment in 1995 against Marcos' estate, filed the $10 million settlement with the buyer of the painting in U.S. District Court in Hono­lulu last week under seal. They are hoping the court will grant them final approval of the settlement in September. Login for more...



Login or sign up below for the complete story

Print Subscribers
ACTIVATION
Current print subscribers, activate your premium content account for unlimited online access & commenting
New Subscribers
Find subscription offers in your area and choose the package that suits your reading preferences.

14-DAY PASS
14 day premium online access and commenting ability on StarAdvertiser.com