Supreme Court Rules California Law Will Decide Case Involving French Painting, Nazis and Spanish Museum

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Supreme Court Rules California Law Will Decide Case Involving French Painting, Nazis and Spanish Museum
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The Cassirer family says that it, not a museum in Madrid, Spain, owns a Camille Pissarro painting surrendered to the Nazis before World War II.

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"It's a lucky day, and a happy day and a long time coming," David Cassirer told CNBC in a phone interview. Paul Cassirer, whose family owned a leading art gallery in Berlin and publishing house, purchased the Impressionistic artwork at the center of the case from an agent for Pissaro in 1900.

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