Tweet
AXA Inter-Attorney Squabble III
asbarez
Monday, December 12th, 2011
AXA company
BY GAREN YEGPARIAN
On Monday, December 5, another hearing took place in Federal Judge
Christina A. Snyder's court in downtown Los Angeles. It has two weeks
since the last one in the ongoing lawsuit that has pitted against one
another attorneys (Mark Geragos/Brian Kabateck vs. Vartkes Yeghiayan)
who once jointly fought the French insurance company AXA to secure
payment to the heirs of genocide victims who had bought life insurance
policies from that company. This time, the sides were more amicable,
and the hearing very brief, only Roman Silberfeld, Yeghiayan's
attorney, and Mark Geragos, for the opposing side, spoke.
Once again, the name of Parsegh Kartalian name came up. He was the
administrator who ran the distribution of the millions of dollars that
AXA was required to pay to the rightful recipients of the insurance
policies' payouts. This time, he was the focus of what both Geragos
and Silberfeld had agreed upon in their meeting that was ordered by
the judge at the previous hearing. They were going to ask Kartalian
for a report covering the claims paid, charitable contributions made,
and the office operation. It is hoped this report will clarify the
situation for all concerned. If the court is not satisfied with the
result, then a further hearing would be held.
The sides have agreed that all 13,000 claim files will be moved to a
neutral site with access for all. Whether this means the public is
included, or if it is just the parties to the current lawsuit, was not
specified. They have also agreed to hire an accounting firm to conduct
an audit all of them for a fixed fee. They have agreed to a firm, but
it has not yet been hired.
The sides also proposed reexamining the claims that had been paid to
correct for the 0.1% that had been discovered. But, only claims where
the payment was $10,000 or greater will be covered by this
arrangement. This is because smaller amounts would result in
corrections of less than $10, creating a state of diminishing returns.
The judge approved this, but added that the smaller claims should be
informed of this situation, and only if they request the correction
e.g. with the claimant paying the postage, would they receive the
funds.
The next hearing is scheduled for January 30.
In the interest of full disclosure, my family is an AXA claimant. The
claim was denied. No explanation was given.
asbarez
Monday, December 12th, 2011
AXA company
BY GAREN YEGPARIAN
On Monday, December 5, another hearing took place in Federal Judge
Christina A. Snyder's court in downtown Los Angeles. It has two weeks
since the last one in the ongoing lawsuit that has pitted against one
another attorneys (Mark Geragos/Brian Kabateck vs. Vartkes Yeghiayan)
who once jointly fought the French insurance company AXA to secure
payment to the heirs of genocide victims who had bought life insurance
policies from that company. This time, the sides were more amicable,
and the hearing very brief, only Roman Silberfeld, Yeghiayan's
attorney, and Mark Geragos, for the opposing side, spoke.
Once again, the name of Parsegh Kartalian name came up. He was the
administrator who ran the distribution of the millions of dollars that
AXA was required to pay to the rightful recipients of the insurance
policies' payouts. This time, he was the focus of what both Geragos
and Silberfeld had agreed upon in their meeting that was ordered by
the judge at the previous hearing. They were going to ask Kartalian
for a report covering the claims paid, charitable contributions made,
and the office operation. It is hoped this report will clarify the
situation for all concerned. If the court is not satisfied with the
result, then a further hearing would be held.
The sides have agreed that all 13,000 claim files will be moved to a
neutral site with access for all. Whether this means the public is
included, or if it is just the parties to the current lawsuit, was not
specified. They have also agreed to hire an accounting firm to conduct
an audit all of them for a fixed fee. They have agreed to a firm, but
it has not yet been hired.
The sides also proposed reexamining the claims that had been paid to
correct for the 0.1% that had been discovered. But, only claims where
the payment was $10,000 or greater will be covered by this
arrangement. This is because smaller amounts would result in
corrections of less than $10, creating a state of diminishing returns.
The judge approved this, but added that the smaller claims should be
informed of this situation, and only if they request the correction
e.g. with the claimant paying the postage, would they receive the
funds.
The next hearing is scheduled for January 30.
In the interest of full disclosure, my family is an AXA claimant. The
claim was denied. No explanation was given.