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Armenia heirs win $17m Axa payout

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emad Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-05 10:26 AM
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Armenia heirs win $17m Axa payout

The descendants of Armenians who died in mass killings by Ottoman Turks have agreed to settle a class-action lawsuit against French insurance giant Axa.

The case, filed in California, accused Axa of failing to pay death benefits on policies bought by Armenians who died.

Under the deal, the firm will pay $17m (£9.7m) to Armenian charitable groups.

Armenians say 1.5m of their people were killed or deported under Ottoman Turkish rule in 1915. Turkey denies there was a systematic massacre.

http://news.bbc.co.uk/1/hi/world/europe/4337462.stm
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