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Axa Insurance Company will pay $17 Million to Heirs of Armenian Genocide Victims

October 13, 2005 - 16:00 AMT
PanARMENIAN.Net - Descendants of Armenians, who had fallen victim of the Genocide in Ottoman Turkey in 1915, agreed to call back their collective suit against Axa French insurance company. The latter agreed to pay $17 million to Armenian philanthropic organizations. The case was heard at a California court. The plaintiffs accused Axa in unwillingness to pay insurance sums for their relatives' killed in the massacre. One of the lawyers of the Armenian community stated their ultimate goal is to convince Turkey and US to officially recognize the Genocide fact, when 1.5 million Armenians were killed, reported BBC.
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