Why a Tampa company wants payments denied by Hitler's Germany

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Wake up and good morning. You don't usually see a reference to Adolf Hitler in a blog about Florida business, so this is an unusual posting. It seems a Tampa company called World Holdings LLC that says it owns a "significant number" of $208 million in bonds sold to U.S. purchasers following World War I. The company was rebuffed when it sought repayment by the German government, so in a lawsuit originally filed in Miami, World Holdings seeks "hundreds of millions of dollars."

According to this Bloomberg story, Germany sold the bonds to finance rebuilding following the conclusion of the war. By the mid- 1930s, after Hitler became chancellor, Germany had stopped making payments on the bonds in the run up to World War II....

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