LEGAL SUCCESSORS OF ARMENIAN DEPOSITORS, WHO ARE VICTIMS OF
GENOCIDE, CAN FILE THEIR CASES AGAINST FRENCH AXA INSURANCE
COMPANY UNTIL OCTOBER 1, 2007
11-07-2007 17:05:00 | Armenia | Social
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.