This blog reported that a trial appeared likely in the case of a dispute over ownership to the Nazi-looted paining by Egon Schiele entitled “Portrait of Wally.”
However the case has been settled. An interesting commentary on whether the case should have settled much earlier can be found here.
Per the settlement, the Leopold Museum has agreed to pay $19 million to the heirs of the rightful owner. In addition, the work will be shown for three weeks at the Museum of Jewish Heritage in Battery Park City, which commemorates victims of the Holocaust.