Descendants of Armenian Genocide victims to receive $2.1M

11:51 19/06/2012 » Law

Descendants of Armenian Genocide victims to receive $2.1M

Glendale News daily published a news story a couple of days ago saying about $2.1 million finally will be paid out from a compensation fund for descendants of Armenian Genocide victims that had been ensnared in litigation for more than a year.

Armenian Ministry of Justice received exposition from Glendale-based attorney Vartkes Yeghiayan, who had originally requested a review of all 13,000 claims made to a compensation fund set up by France-based insurer AXA S.A, informing that the committee studying the case made some inaccuracies, thus the American Armenian attorney sued in the U.S. court.

Justice Ministry information department said during a hearing U.S. District Judge said recalculation of payments would be conducted.

Source: Panorama.am

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