Announcement

Collapse
No announcement yet.

Armenian charities win huge settlement

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

  • Armenian charities win huge settlement

    Armenian charities win huge settlement
    By PAUL CHAVEZ, Associated Press

    Associated Press
    March 1 2005

    LOS ANGELES - Four Armenian charities each received $333,000 Monday
    as part of a $20 million settlement between an insurance firm and
    relatives of Armenians killed 90 years ago in the Ottoman Empire.

    As part of the settlement, New York Life Insurance Co. also has
    agreed to earmark $11 million for the heirs of policy holders. The
    policy holders died in what Armenians call the first genocide of the
    20th century.

    Armenians contend that 1.5 million people were executed between 1915
    and 1919 by Turkish authorities who believed they helped the invading
    Russian army during World War I.

    The genocide claim has been rejected by Turkey, which says the
    Armenians were killed in civil unrest during the collapse of the
    Ottoman Empire. France and Russia have declared the killings a
    genocide, but the United States has not made that declaration.

    "The genocide is an important issue in the Armenian community.
    Everyone has some relative who perished in the genocide," said
    plaintiffs' attorney Brian Kabateck, who said his maternal grandparents
    were genocide survivors.

    Kabateck also praised New York Life for acknowledging the genocide
    and fulfilling its obligation to policy holders.

    The settlement was approved last year by U.S. District Court Judge
    Christina A. Snyder and is believed to be the first connected to the
    Armenian deaths.

    New York Life has admitted that about 2,400 policies were issued
    to Armenians in Turkey before 1915 that were never paid. People
    who believe they are descendants of policy holders have a March 16
    deadline to file claims.

    The settlement calls for the original policies to be multiplied by
    15.5 for inflation and interest.

    The four organizations who received payments Monday were the
    Burbank-based Armenian Church of North America Western Diocese; the
    Los Angeles-based Western Prelacy of the Armenian Apostolic Church;
    Armenian Educational Foundation, of Glendale, and the Armenian Relief
    Society, nationally headquartered in Watertown, Mass.

    The organizations were singled out because they helped Armenians
    settle in the United States after the genocide, Kabateck said.

    Five Armenian organizations on the East Coast last month also received
    equal amounts.

    Martin Marootian, the 89-year-old lead plaintiff in the case, said
    he was pleased that Armenian charities received payments.

    "It means all Armenians will benefit from the settlement of this case,"
    he said.

    From: Emil Lazarian | Ararat NewsPress
Working...
X