Tweet
LAWYERS REACH AGREEMENT ON ARMENIAN GENOCIDE INSURANCE CLAIMS
July 25, 2013 - 12:14 AMT
PanARMENIAN.Net - The Law Offices of Vartkes Yeghiayan, the firm of
Kabateck Brown Kellner and the firm of Geragos and Geragos jointly
announce that they have amicably resolved their differences which
arose from the settlement of Armenian Genocide claims in the AXA
litigation pending in federal court.
Specifically, the lawsuit filed by Geragos and Geragos and Kabateck
Brown Kellner (Case No. 2:11â~@~PCVâ~@~P03043â~@~P CASâ~@~PAGR),
against Mr.
Yeghiayan, Rita Mahdessian and a number of charities is being
dismissed with prejudice forthwith. Further, the parties have agreed
on a process for the review of all costs and charitable awards that
the parties have made incident to the AXA settlement. The parties
have also agreed to request that the Federal District Court keep
and maintain jurisdiction over the finalization of both the claims
process as well as the fulfillment of the terms o! f this settlement
agreement among the law firms.
The AXA Insurance Claims Action was a milestone case. It was originally
filed by Vartkes Yeghiayan and Brian Kabateck in February 2002 in
Federal District Court in Los Angeles. Its intent was threefold: to
honor the victims and martyrs of the Armenian Genocide; to foster
public awareness and recognition of the Armenian Genocide; and to
compensate descendants of those policyholders who were killed in the
Armenian Genocide with the rightful monetary benefit that insurance
companies had denied them in the decades following the horrendous
deaths of their parents and grandparents.
"The lawyers who filed the case are aware that the AXA case is
meager compensation for the fathomless injustice committed upon the
Armenian people. They know that while they cannot undo the dark pages
of Armenian history, they must continue to fight for justice. The
day in which Armenians cease to fight to correct even the smallest
of injustices they have suffered, such as the failure of insurance
companies to honor contracts signed by Armenians in their homeland,
is the day in which the genocide which was begun in 1915 will be
completely accomplished. It is for this reason that the lawyers
involved have all renewed their deep commitment to justice for their
community and their forefathers. They have applied that commitment to
the AXA case through their zealous advocacy," the press release said.
Mr. Yeghiayan commented: "We must not lose sight of our main objective
â~@~P which is a measure of justice for the heirs of the victims. The
Armenian community expects an orderly and transparent conclusion of
this case."
Mark Geragos, commenting on the settlement, said: "Brian Kabateck and
I are pleased with this resolution because it will allow all of us
to finalize the settlement agreement, resolve all claims accounting
issues and conclude any remaining issues between the lawyers. The
resolution of this case is as important as continuing the fight to
bring justice for all Genocide victims."
The parties expect a final accounting and Court order in connection
with the AXA settlement to be issued within 90 days.
July 25, 2013 - 12:14 AMT
PanARMENIAN.Net - The Law Offices of Vartkes Yeghiayan, the firm of
Kabateck Brown Kellner and the firm of Geragos and Geragos jointly
announce that they have amicably resolved their differences which
arose from the settlement of Armenian Genocide claims in the AXA
litigation pending in federal court.
Specifically, the lawsuit filed by Geragos and Geragos and Kabateck
Brown Kellner (Case No. 2:11â~@~PCVâ~@~P03043â~@~P CASâ~@~PAGR),
against Mr.
Yeghiayan, Rita Mahdessian and a number of charities is being
dismissed with prejudice forthwith. Further, the parties have agreed
on a process for the review of all costs and charitable awards that
the parties have made incident to the AXA settlement. The parties
have also agreed to request that the Federal District Court keep
and maintain jurisdiction over the finalization of both the claims
process as well as the fulfillment of the terms o! f this settlement
agreement among the law firms.
The AXA Insurance Claims Action was a milestone case. It was originally
filed by Vartkes Yeghiayan and Brian Kabateck in February 2002 in
Federal District Court in Los Angeles. Its intent was threefold: to
honor the victims and martyrs of the Armenian Genocide; to foster
public awareness and recognition of the Armenian Genocide; and to
compensate descendants of those policyholders who were killed in the
Armenian Genocide with the rightful monetary benefit that insurance
companies had denied them in the decades following the horrendous
deaths of their parents and grandparents.
"The lawyers who filed the case are aware that the AXA case is
meager compensation for the fathomless injustice committed upon the
Armenian people. They know that while they cannot undo the dark pages
of Armenian history, they must continue to fight for justice. The
day in which Armenians cease to fight to correct even the smallest
of injustices they have suffered, such as the failure of insurance
companies to honor contracts signed by Armenians in their homeland,
is the day in which the genocide which was begun in 1915 will be
completely accomplished. It is for this reason that the lawyers
involved have all renewed their deep commitment to justice for their
community and their forefathers. They have applied that commitment to
the AXA case through their zealous advocacy," the press release said.
Mr. Yeghiayan commented: "We must not lose sight of our main objective
â~@~P which is a measure of justice for the heirs of the victims. The
Armenian community expects an orderly and transparent conclusion of
this case."
Mark Geragos, commenting on the settlement, said: "Brian Kabateck and
I are pleased with this resolution because it will allow all of us
to finalize the settlement agreement, resolve all claims accounting
issues and conclude any remaining issues between the lawyers. The
resolution of this case is as important as continuing the fight to
bring justice for all Genocide victims."
The parties expect a final accounting and Court order in connection
with the AXA settlement to be issued within 90 days.