MosJan Posted February 7, 2002 Report Share Posted February 7, 2002 US ARMENIA LAWYER REACHES SETTLEMENT IN CLASS-ACTION LAWSUIT AGAINST NEW YORK LIFE INSURANCEA US-based Armenian lawyer Vardges Yeghian’s company has filed a class-action lawsuit against New York Life Insurance Co on behalf of heirs of the Armenian genocide for unpaid life insurance benefits. The New Life Insurance Co had sold life insurance policies to Armenians living in the Ottoman empire during the period prior to the Armenian Genocide, which began in 1915. Addressing the forum of Armenian lawyers in Europe in Paris February 2-3 Yeghian said that due to his company’s consistent work the lists of Armenians in the Ottoman empire who had bought New York Life’s insurance policies were received. The lawsuit of Yeghian’s company has been satisfied and now the company and New York Life will have to decide the amount of insurance benefits, to be paid to genocide victims’ heirs. Vardges Yeghian’s work was highly praised by Armenian lawyers with respect to confirmation of the fact of genocide as well. Armenian ambassador to OSCE and Central Europe Jivan Talibian was quoted by Noyan Tapan news agency as saying that “despite successful settlement of juridical questions, it is not enough to solve political problems.” However, according to him, this will allow in future to refer to territorial issues. © Copyright AZG Quote Link to comment Share on other sites More sharing options...
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