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Blacks Demand Equal Justice From NY Life Insurance Company

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  • Blacks Demand Equal Justice From NY Life Insurance Company

    Blacks Demand Equal Justice From New York Life Insurance Company

    Emediawire (press release), WA
    Nov 22 2004

    Outraged over what they call a Jim Crow standard for justice,"
    Black descendants of enslaved Africans launched an online campaign
    against New York Life Insurance Company entitled, "Justice 4 One –
    Justice 4 All". The campaign raises questions about why, on January
    26, 2004, New York Life forced Black descendants of African slavery
    victims out of court with a class action lawsuit for restitution, and
    three (3) days later settled a similar case for $20 million with
    White descendants of Armenian genocide victims. The website is
    located at: www.justice4one-justice4all.com.

    New York, NY (PRWEB) November 22, 2004 -- Outraged over what they
    call a "Jim Crow standard for justice," Black descendants of African
    slavery victims launched an online campaign against New York Life
    Insurance Company entitled, "Justice 4 One – Justice 4 All" – at
    www.justice4one-justice4all.com. The campaign raises questions about
    why, on January 26, 2004, New York Life forced Blacks out of court
    with a class action lawsuit for slavery restitution, and three days
    later settled a similar case for $20 million with White descendants
    of Armenian genocide victims.

    The slavery case was filed against New York Life in May of 2002, and
    is entitled, In Re: African-American Slave Descendants,
    CV-02-7764(CRN) (United States District Court, Northern District of
    Illinois, Eastern Division). Black plaintiffs claimed that New York
    Life committed a crime against humanity via its early company that
    wrote life insurance policies enslaving their African ancestors in
    mid-1800. Slave owners were the beneficiaries.

    Over one third of New York Life's first revenue came from writing
    slave policies. This practice encouraged the employment of enslaved
    people in ultra-hazardous capacities, like coal mining or
    constructing railroads, which sometimes resulted in burning and
    drowning deaths. The website contains a copy of a company policy
    enslaving an African named Robert Moody who was employed in a
    Virginia coal pit.

    The Armenian genocide case, Marootian v. New York Life Insurance
    Company, CV-99-12073(CAS),(United States District Court, Central
    District of California), was filed in November of 1999. The
    plaintiffs claimed that New York Life wrongfully failed to pay
    benefits under life insurance policies they issued as far back as the
    1870s in the Turkish Ottoman Empire on the lives of their Armenian
    ancestors. New York Life denies any wrongdoing.

    Slave descendants say critical factors in the cases were identical
    and should have resulted in the same outcome:
    - Both cases involved insurance policies from the 19th century;
    - Both involved descendants making claims on behalf of
    themselves and their ancestors; and
    - Both cases resulted from some of the worst crimes committed
    against humans in world history -- the enslavement of Africans, and
    the genocide of Armenians.

    "Race is the key difference in these cases. This looks like
    discrimination against African-Americans," said Deadria Farmer-
    Paellmann, Executive Director of the Restitution Study Group -- the
    New York non-profit sponsoring the campaign.

    The slavery case was amended in the Northern District Federal Court
    in Chicago, Illinois on April 5, 2004. A decision is pending.

    Contact:
    Deadria Farmer-Paellmann
    Phone: 917-365-3007

    --Boundary_(ID_Y05TPXSn7u3vUCxyqLm/kQ)--
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