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
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.