Amanda Bronstad
The National Law Journal

A federal judge has ordered plaintiffs attorneys Mark Geragos and Brian Kabateck to turn over a list of claimants and bank records related to a $17.5 million settlement between French insurer Axa S.A. and descendants of the 1.5 million victims of the Armenian genocide.

U.S. District Judge Christina Snyder on April 28 ordered Geragos and Kabateck to turn over the list of claimants to the settlement board by May 4 and bank records by May 12.

She also ordered them to submit a proposed order regarding distribution of the funds to claimants and instructed them not to destroy any files related to the case.

The order came after Vartkes Yeghiayan, former co-counsel to Geragos and Kabateck, raised concerns about how the Axa settlement money has been dispersed.

Geragos and Kabateck have raised similar concerns about a charitable organization that Yeghiayan designated to receive some of the Axa funds, and filed suit on March 11 claiming that he concocted that institution, as well as another in a similar case, to pocket $1 million for himself.

Before their feud began, the three lawyers had brought cases for a decade alleging that descendants of the Armenians who were killed between 1915 and 1923 in what is now Turkey were owed payments on life insurance policies held by the victims. They reached a $20 million settlement in 2004 with New York Life Insurance Co., followed in 2005 by the Axa deal, and went on to file similar cases against European banks.

The Axa settlement allocated $3 million for organizations espousing Armenian causes; whatever remained unclaimed was to go to additional charitable institutions.

Read the entire article at The National Law Journal.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

EU Parliament Vice President Ryszard Czarnecki: Armenia Important for Europe

YEREVAN (Tert.am) — In an interview with Tert.am, Vice-President of the European…

German Bundestag to Hold a Debate on Armenian Genocide

BERLIN (Armradio) — The German Bundestag is set to hold a debate…

SDHP Uruguay Conveys Armenian Genocide Centennial Message During Presidential Inauguration

MONTEVIDEO, Uruguay – On the occasion of the inauguration of President-elect Tabaré…

Armenia’s Armed Forces to Purchase Advanced Fighter Jets

YEREVAN (RFE/RL) — The Armenian government has selected the type of first-ever…