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NEW YORK LIFE LIKELY TO PAY COMPENSATIONS TO GENOCIDE HEIRS TILL YEAR END
PanARMENIAN.Net
20.12.2006 15:43 GMT+04:00
/PanARMENIAN.Net/ Those who appealed to New York Life insurance company
for compensations will to all appearance receive the sums till the New
Year, Armenian Insurance Settlement Fund Executive Director Barsegh
Takhtalyan told RFE/RL. New York Life agreed to pay off compensations
to the heirs of the Armenians who insured their lives and later fell
victims of the Armenian Genocide. Bank transfers will be made via
the Armenian Insurance Settlement Fund. Lawyer Vadrez Yeghiayan, who
represents the interests of the Genocide heirs, said in mid November
the company launched payments and all plaintiffs will receive a
corresponding notice. However notices have not been received so
far. Barsegh Takhtalyan assured that the terms were calculated wrongly
but the funds have been already transferred to a corresponding Armenian
bank and in the near future the letters will reach the addressees.
Some $3.6 million will be transferred to Armenia.
These funds will be distributed among 1254 plaintiffs.
$ 2,7 million for 896 plaintiffs was allocated in the United
States. The total sum makes $7 million 954 thousand and will be
circulated among Armenians from 26 countries. The rest $3 million
the lawyers will transfer to charitable organizations.
PanARMENIAN.Net
20.12.2006 15:43 GMT+04:00
/PanARMENIAN.Net/ Those who appealed to New York Life insurance company
for compensations will to all appearance receive the sums till the New
Year, Armenian Insurance Settlement Fund Executive Director Barsegh
Takhtalyan told RFE/RL. New York Life agreed to pay off compensations
to the heirs of the Armenians who insured their lives and later fell
victims of the Armenian Genocide. Bank transfers will be made via
the Armenian Insurance Settlement Fund. Lawyer Vadrez Yeghiayan, who
represents the interests of the Genocide heirs, said in mid November
the company launched payments and all plaintiffs will receive a
corresponding notice. However notices have not been received so
far. Barsegh Takhtalyan assured that the terms were calculated wrongly
but the funds have been already transferred to a corresponding Armenian
bank and in the near future the letters will reach the addressees.
Some $3.6 million will be transferred to Armenia.
These funds will be distributed among 1254 plaintiffs.
$ 2,7 million for 896 plaintiffs was allocated in the United
States. The total sum makes $7 million 954 thousand and will be
circulated among Armenians from 26 countries. The rest $3 million
the lawyers will transfer to charitable organizations.