Announcement

Collapse
No announcement yet.

New York Life Likely To Pay Compensations To Genocide Heirs Till Yea

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • New York Life Likely To Pay Compensations To Genocide Heirs Till Yea

    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.
Working...
X