CALIFORNIA STATE CENTRAL DISTRICT COURT DECISION TO RECOMPENSE HEIRS OF THE ARMENIANS KILLED IN OTTOMAN EMPIRE COMES INTO EFFECT
ArmInfo
2010-02-09 13:07:00
ArmInfo. U.S. District Court of the State of California approved
996 descendants of the of victims of the Armenian Genocide who will
receive compensation from French insurance giant AXA for unpaid life
insurance benefits. Out of the $17.5 million USD settlement awarded,
$11 million USD will be split among the descendants, with the rest
going to humanitarian organizations and lawyer fees.
Armenian Justice Ministry press-service reported that given the high
public interest in the insurance benefits of the relatives of the
Armenians killed in the Ottoman Empire, the RA Ministry of Justice
appealed to executive director of the regulatory commission at the
French AXA Insurance Company, Barsegh Gartalian. The latter said
that relevant court decision was adopted in the summer of 2009 and
was postponed till January 2010 for technical reasons.
AXA Settlement Claim Fund received a total of 13790 claims and rejected
12794 for lack of necessary documents.