Fagan demands $1 billion in pre-war bond payments

This concerns securities which were issued by the State Treasury before the Second World War and were not purchased by the government before the outbreak of hostilities. Fagan, who is representing about 600 owners of these documents, estimates that currently roughly 5% of all bonds issued before the war exist. "The Polish government should respond within 30 days as to whether it will pay my clients," said Fagan. He explained that if the money was borrowed, it must be returned regardless of the political system. If no reply is received, Fagan threatens to sue the Polish government in US courts. Poland might simply claim jurisdiction immunity in US courts, which do not allow suing another country. (Rzeczpospolita, p. B2) M.M.