Friday, July 13, 2007

LEGAL SUCCESSORS OF ARMENIAN DEPOSITORS, WHO ARE VICTIMS OF GENOCIDE, CAN FILE THEIR CASES AGAINST FRENCH AXA INSURANCE COMPANY UNTIL OCTOBER 1, 2007

Noyan Tapan
Jul 11 2007

YEREVAN, JULY 11, NOYAN TAPAN.
The legal successors of the Armenians, who invested insurance deposits or other credits in the French AXA company, which operated in the territory of the Ottoman Empire, can file their cases against AXA by www.ArmenianInsuranceSettlementAXA.com internet site until October 1, 2007. The case will be upholded on the basis of the agreement signed within the framework of the group trial of the U.S. Regional Court of the Central region of California. This statement was made by Parsegh Kartalian, the Head of the AXA Settlement Claim Fund at the July 10 press conference. The fund unites three law offices , which are engaged in the defence of the interests of the legal successors of the victims of the Armenian Genocide: "VARTKES YEGHIAYAN AND YEGHIAYAN & ASSOCIATES," "BRIAN S. KABATECH & KABATECK BROWN KELLINER", and "MARK GERAGOS & GERAGOS & GERAGOS."

According to Parsegh Kartalian, 17.6 million U.S. dollars are liable to payment by the AXA Insurance Company with the above-mentioned agreement, according to approximately 7 thousand insurance policies. However, the legal successors of those insured will be given 11 million dollars, and the rest of the sum will be given to
Armenian charitable organizations and lawyers.

In his opinion, at least 10 thousand people will apply in order to get the repayment sums.

The head of the fund mentioned that after the trial won by the "Vartkes Yeghiayan and Yeghiayan & Associates" lawyers' company against the "New York Life" insurance company the latter paid 7.2 million dollars to the legal successors of the depositors, who are victims of the Armenian Genocide, and 3 million dollars to lawyers and charitable companies.


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My mother told me that she has filed 3 claims for persons from her mother's family.

Next will be the banks and then the houses, factory and land my grandmother's family owned.

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