Announcement

Collapse

Forum Rules (Everyone Must Read!!!)

1] What you CAN NOT post.

You agree, through your use of this service, that you will not use this forum to post any material which is:
- abusive
- vulgar
- hateful
- harassing
- personal attacks
- obscene

You also may not:
- post images that are too large (max is 500*500px)
- post any copyrighted material unless the copyright is owned by you or cited properly.
- post in UPPER CASE, which is considered yelling
- post messages which insult the Armenians, Armenian culture, traditions, etc
- post racist or other intentionally insensitive material that insults or attacks another culture (including Turks)

The Ankap thread is excluded from the strict rules because that place is more relaxed and you can vent and engage in light insults and humor. Notice it's not a blank ticket, but just a place to vent. If you go into the Ankap thread, you enter at your own risk of being clowned on.
What you PROBABLY SHOULD NOT post...
Do not post information that you will regret putting out in public. This site comes up on Google, is cached, and all of that, so be aware of that as you post. Do not ask the staff to go through and delete things that you regret making available on the web for all to see because we will not do it. Think before you post!


2] Use descriptive subject lines & research your post. This means use the SEARCH.

This reduces the chances of double-posting and it also makes it easier for people to see what they do/don't want to read. Using the search function will identify existing threads on the topic so we do not have multiple threads on the same topic.

3] Keep the focus.

Each forum has a focus on a certain topic. Questions outside the scope of a certain forum will either be moved to the appropriate forum, closed, or simply be deleted. Please post your topic in the most appropriate forum. Users that keep doing this will be warned, then banned.

4] Behave as you would in a public location.

This forum is no different than a public place. Behave yourself and act like a decent human being (i.e. be respectful). If you're unable to do so, you're not welcome here and will be made to leave.

5] Respect the authority of moderators/admins.

Public discussions of moderator/admin actions are not allowed on the forum. It is also prohibited to protest moderator actions in titles, avatars, and signatures. If you don't like something that a moderator did, PM or email the moderator and try your best to resolve the problem or difference in private.

6] Promotion of sites or products is not permitted.

Advertisements are not allowed in this venue. No blatant advertising or solicitations of or for business is prohibited.
This includes, but not limited to, personal resumes and links to products or
services with which the poster is affiliated, whether or not a fee is charged
for the product or service. Spamming, in which a user posts the same message repeatedly, is also prohibited.

7] We retain the right to remove any posts and/or Members for any reason, without prior notice.


- PLEASE READ -

Members are welcome to read posts and though we encourage your active participation in the forum, it is not required. If you do participate by posting, however, we expect that on the whole you contribute something to the forum. This means that the bulk of your posts should not be in "fun" threads (e.g. Ankap, Keep & Kill, This or That, etc.). Further, while occasionally it is appropriate to simply voice your agreement or approval, not all of your posts should be of this variety: "LOL Member213!" "I agree."
If it is evident that a member is simply posting for the sake of posting, they will be removed.


8] These Rules & Guidelines may be amended at any time. (last update September 17, 2009)

If you believe an individual is repeatedly breaking the rules, please report to admin/moderator.
See more
See less

Insurance Settlements

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #11
    Axa-oyak Partnership Issue Still Hot

    AXA-OYAK PARTNERSHIP ISSUE STILL HOT
    By Erkan Acar

    Zaman, Turkey
    Dec. 1, 2005

    The Turkish Armed Forces Pension Fund (OYAK) recently became the focal
    point of heated discussion. OYAK General Manager Coskun Ulusoy drew
    the attention with his statement "We will certainly purchase one of;
    Telekom, TUPRAS, or ERDEMIR". He previously said before the tender
    for bloc sale of the state-run Turkish petroleum refineries (TUPRAS),
    that they intended to leave Sabanci and Koc holdings behind in the
    race on profit, despite OYAK's smaller size.

    A Koc Holding top level director Bulend Ozaydinli, at a news conference
    following the company's highest bid in the TUPRAS privatization
    tender, responded to OYAK: "It is important to make comparisons in
    international standards; besides, apples and oranges should not be
    mixed, and that is important in terms of educating public opinion
    correctly. In order to make comparisons of institutions that are in
    different leagues and have different legal status, all available data
    should be laid down transparently."

    Moreover around the same time the media criticized OYAK. Turkish
    daily newspaper Hurriyet's writer Ege Cansen suggested OYAK be
    closed down in his September 17th article. Cansen termed OYAK's
    participation in privatization tenders as an active entrepreneur
    "extremely objectionable". According to Cansen, since OYAK is not
    a private enterprise this kind of participation contradicts with a
    free market economy. The most important news then followed from the
    US regarding OYAK. The institution's French partner AXA had approved
    to pay $17 million in compensation to the heirs of Armenians who
    were forced to leave the Ottoman State in 1915. Following ZAMAN's
    headline announcement of the reports, public opinion reacted harshly
    against AXA's decision. The public thought the AXA decision would
    aid the recognition of the so-called Armenian genocide. Economic
    and political circles wanted OYAK to separate their ways with
    AXA. An OYAK statement a week later read that an investigation was
    launched into the "genocide compensation". Memoirs written by the
    first General Manager of OYAK, Selahattin Ozmen, shed some light
    on the happenings during the foundation of the fund. In the book,
    socialist intellectuals provided a great deal of support to OYAK,
    it said, since the institution introduced the sale of goods on
    "Military Markets" for convenient prices in the 1960s.

    In his book, Ozmen emphasizes that widely read press writers may be
    strengthened via OYPA (an OYAK marketing affiliate). Another issue
    touched among the pages of Ozmen's memoir is that the master of
    Turkish industry, the late Vehbi Koc, founder of Koc Holding, was
    excluded from OYAK since he was regarded as a rival. On the other
    side of the situation OYAKBANK's, television commercials emphasize
    "the good absolutely wins".

    Comment


    • #12
      Anca-wr Supports Heirs Of Armenian Genocide Victims Filing Lawsuit Against German Ban

      Armenian National Committee of America - Western Region
      104 North Belmont Street, Suite 200
      Glendale, California 91206
      Phone: 818.500.1918 Fax: 818.246.7353
      [email protected] www.anca.org

      PRESS RELEASE
      Friday, January 13, 2006

      Contact: Armen Carapetian
      Tel: (818) 500-1918

      ANCA-WR SUPPORTS HEIRS OF ARMENIAN GENOCIDE VICTIMS FILING LAWSUIT
      AGAINST GERMAN BANKS

      -- `We can, today, secure a measure of justice, and that is why we are
      here. Justice: A small measure today - from a bank. A greater measure
      tomorrow - from the Turkish government. The full measure - soon - of
      the justice owed the Armenian nation.' -- ANCA-WR board member Raffi
      Hamparian

      LOS ANGELES, CA - The Armenian National Committee of America - Western
      Region (ANCA-WR) today lent its support and took part in a press
      conference and rally outside the Los Angeles offices of Deutsche Bank
      announcing a class action lawsuit against both Deutsche Bank and
      Dresdner Bank for wrongfully withholding money and assets belonging to
      heirs of Armenians who perished during the Armenian Genocide of
      1915-1923.

      The suit was filed today by attorneys Mark Geragos, Brian Kabatack,
      and Vartkes Yeghiayan. Over 600 members of the Armenian American
      community were on hand during the press conference to support the
      filing of the suit and to protest the banks' wrongful actions.

      `Today, we ask simply for what is owed, what has been owed for nearly
      a century,' stated Raffi Hamparian, board member of the
      ANCA-WR. Justice: A small measure today - from a bank. A greater
      measure tomorrow - from the Turkish government. The full measure -
      soon - of the justice owed the Armenian nation.'

      Geragos, Kabatack, and Yeghiayan recently settled similar lawsuits
      against New York Life and AXA for $37.5 million for the wrongful
      withholding of insurance policy proceeds held from the Armenian
      Genocide era. In today's filing of court papers, the same lawyers
      represent the heirs of Armenians who perished during the Armenian
      Genocide against Deutsche Bank and Dresdner Bank. The lawsuit states
      that these German banks systematically thwarted the recovery of
      millions of dollars in assets deposited by Armenians prior to the 1915
      genocide. In addition, the lawsuit seeks damages for looted Armenian
      assets forcibly taken by the Ottoman Turkish government during the
      Armenian Genocide. Deutsche Bank funded the Ottoman Turkish
      government's mass genocide of Armenians in return for these looted
      Armenian assets.

      `Every single lawyer on this case is of Armenian descent and has
      ancestors who perished in the Genocide,' said Brian Kabatack, one of
      the attorneys filing the class action lawsuit. `We are not going to
      settle for less than full restitution.'

      Leading the protest in chanting were members of the United Human
      Rights Council. Among the hundreds of Armenian Americans from the
      greater Los Angeles area who attended the press conference and
      protested the German banks were a large number of professionals
      working in downtown Los Angeles and students from area universities
      and local Armenian high schools.

      `This brings memories back, stories of my aunt and uncle being
      slaughtered, my dad ending up begging on the streets,' said Katia
      Kermoyan, one of the plaintiffs in the lawsuit.

      The ANCA is the largest and most influential Armenian American
      grassroots political organization. Working in coordination with a
      network of offices, chapters, and supporters throughout the United
      States and affiliated organizations around the world, the ANCA
      actively advances the concerns of the Armenian American community on a
      broad range of issues.

      #####

      Editor's Note: Raffi Hamparian's remarks at the press conference
      follow:

      Dear friends,

      We are brought together today in calling upon Deutsche Bank to make
      good on its debt. To honor its obligation.

      To return the funds it eagerly accepted but then so heartlessly
      withheld from the victims and survivors of the Armenian
      Genocide. Withheld - from the wounded, the destitute and desperate -
      exactly when they needed access to them the most.

      Today, we ask simply for what is owed, what has been owed for nearly a
      century.

      We know that the time has long-since passed when Deutsche Bank can
      make its depositors whole. That time has passed. No one today can wipe
      away the blood, the tears, the sweat of endless desert marches, mass
      executions, and starvations.

      But we can, today, secure a measure of justice, and that is why we are
      here.

      Justice: A small measure today - from a bank.

      A greater measure tomorrow - from the Turkish government.

      The full measure - soon - of the justice owed the Armenian nation.

      And so, in closing, let me say that today is not about lawsuits, or
      lawyers, or banks.

      Today is about justice.

      The justice long-denied the Armenian nation.

      The justice that we - together - will secure for our future.

      Thank you.

      Comment


      • #13
        Armenian Genocide Descendants File Suit in Los Angeles Against German
        Banks

        City News Service
        January 13, 2006 Friday 11:37 AM PST

        Armenian Genocide Descendants File Suit in Los Angeles Against German
        Banks

        LOS ANGELES

        Descendants of Armenian genocide victims filed a proposed
        class-action lawsuit in Los Angeles today against two German banks
        for allegedly refusing to turn over their ancestors' assets.

        The Los Angeles Superior Court lawsuit seeks the recovery of millions
        of dollars in money and property that was allegedly wrongfully
        withheld by Deutsche Bank and Dresdner Bank following the Armenian
        genocide.

        Messages left with representatives for the banks, seeking comment on
        the suit, were not immediately returned.

        The lawsuit charges that the banks have maintained possession of
        Armenian families' money and assets deposited by Armenian families
        prior to 1915, as well as assets looted by the Ottoman Turkish
        government.

        The plaintiffs also allege the banks profited from the atrocities
        committed against the Armenian people in the Ottoman Turkish Empire
        by concealing and preventing the recovery of assets belonging to
        Armenian families.

        The seven plaintiffs live in California -- five in Los Angeles
        County. They are represented by Brian Kabateck, Vartkes Yeghiayan and
        Mark Geragos, who are attorneys of Armenian decent.

        "Many Armenians living in the Ottoman Empire during the early part of
        the last century deposited money, gold and other assets into Turkish
        branches of Deutsche Bank and Dresdner Bank," said Kabateck.
        "Armenians felt a European bank was a safer place to put their money
        as the turbulence of the times increased. Unfortunately, they were
        wrong."

        Kabateck said the banks and Germany "betrayed the Armenians' trust."

        "We now know that the Germans were complacent and present in Turkey
        while Armenians were being killed during the genocide," he said.
        "Almost 25 years later, it was Hitler who said, 'Who still talks
        nowadays of the extermination of the Armenians?' as his troops were
        about to invade Poland. It is surprising that the Germans today would
        not want to right this wrong."

        In January 1916, nine months after the start of the genocide that
        killed about 1.5 million Armenians in the Ottoman Empire, a decree
        from the Ottoman Minister of Commerce and Agriculture ordered all
        financial institutions operating within the country's borders to turn
        over Armenian assets to the government, according to the attorneys.

        As much as six million Turkish gold pounds were seized, along with
        real property, cash, bank deposits and jewelry, which were eventually
        funneled to European banks, including Deutsche and Dresdner banks,
        they allege.

        "Deutsche Bank and Dresdner Bank deliberately hid the whereabouts of
        Armenian assets for 90 years," Geragos alleged. "For decades,
        Armenians have been trying to retrieve their money and property, but
        the banks have refused to cooperate. Their full misconduct was
        recently uncovered when archival documents in the U.S. and Turkey
        came to light."

        There is no statute of limitations on claims to recover money and
        other property deposited in a bank, the attorneys said.

        "The banks accepted these assets from the Ottoman government knowing
        full well that they were looted from Armenians," Yeghiayan said. "The
        stolen assets helped finance the Turkish government's war effort."

        Yeghiayan said the plaintiffs are seeking reparations similar to
        those made by Swiss banks to Jewish Holocaust victims in 1998.

        The attorneys earlier represented heirs of Armenians who purchased
        insurance in the Ottoman Empire prior to the Armenian genocide, but
        whose heirs never received benefits.

        The trio said they settled lawsuits earlier this year with New York
        Life and AXA for $37.5 million.

        Comment


        • #14
          Armenian Descendants Sue German Banks

          CBS 2, KCAL 9, California
          Jan 14 2006


          Armenian Descendants Sue German Banks


          (AP) LOS ANGELES Heirs of Armenians killed 91 years ago in the
          Turkish Ottoman Empire sued Deutsche Bank and Dresdner Bank Friday,
          claiming the German banks owe them millions of dollars and other
          assets deposited by their ancestors.

          The class-action lawsuit was filed in Los Angeles Superior Court on
          behalf of seven Armenians living in Southern California. This is the
          latest bid by Armenians in the United States to recover assets they
          believe belonged to some $1.5 million Armenians who perished in a
          genocide beginning in 1915.

          Litigation brought against New York Life Insurance Company by
          Armenian descendants led to a $20 million settlement. French life
          insurer AXA has agreed to pay $17 million to settle a separate
          class-action claim. Both lawsuits made similar allegations.

          The lawsuit against the German banks seeks to recoup unspecified
          millions of dollars for assets such as gold, cash and jewelry.

          The banks also are accused of concealing and preventing the funds
          from being recovered by the account holders' heirs.

          Comment


          • #15
            Armenians Demand That Deutsche Bank And Dresdner Bank Return Deposits Of Their Ancest

            ARMENIANS DEMAND THAT DEUTSCHE BANK AND DRESDNER BANK RETURN DEPOSITS OF THEIR ANCESTRY

            Pan Armenian
            16.01.2006 20:00 GMT+04:00

            /PanARMENIAN.Net/ US resident descendants of Armenians, who fell
            victim to the Armenian Genocide in Turkey in 1915, brought an action
            against Deutsche Bank and Dresdner Bank, where their ancestors
            had accounts. Seven residents of South Carolina - Armenians, whose
            ancestors fell victim to the Armenian Genocide in Turkey in 1915
            - went to the law in Los Angeles Friday. The suit authors demand
            that German banks return the deposits of their ancestors amounting
            some half a million US dollars. Three lawyers - Mark Geragos, Brian
            Kabateck and Vardges Yeganyan. In the lawyers' opinion, German banks
            evaded from paying off Armenian's deposits' to their descendants
            and thus in fact appropriated what had belonged to them. Moreover,
            the Deutsche Bank funded the Turkish Government, which committed
            the Armenian Genocide. In Kabateck's words, many Armenians in early
            20th century preferred keeping their money, stocks of materials
            and capital equipment en European and not Turkish banks. However,
            they miscalculated. "German banks disappointed Armenians," he
            emphasized. Yeganyan said the process is like that when in 1998
            the Swiss Bank returned deposits to Jews, who were descendants of
            the Holocaust.

            Comment


            • #16
              Armenians Protest Outside Deutsche Bank In Los Angeles

              ARMENIANS PROTEST OUTSIDE DEUTSCHE BANK IN LOS ANGELES

              Yerkir
              16.01.2006 15:18

              YEREVAN (YERKIR) - More than 1,000 Armenians from across Los Angeles
              County held signs that read "Blood for $" and chanted "Shame on
              Deutsche Bank," according to Los Angeles media reports.

              Demonstrators gathered at the downtown offices of Deutsche Bank
              A.G. Friday morning, hours after it and Dresdner Bank A.G. were
              slapped with a class-action lawsuit claiming they have withheld money
              and assets from the heirs of Armenian Genocide victims for 90 years.

              "We brought this case specifically to address the wrongs committed
              by this bank and others who profit off the Armenian Genocide,"
              said attorney Brian Kabateck, of Kabateck, Brown, Kellner, LLP at
              Friday's rally. He and Mark Geragos, of Geragos & Geragos, APC; and
              Vartkes Yeghiayan, of Yeghiayan & Associates, filed the lawsuit in
              Los Angeles Superior Court.

              The suit claims that the two German banks have prevented the recovery
              of millions in money and assets deposited by Armenians prior to World
              War I and the Armenian Genocide. The lawsuit also claims that the
              banks accepted "looted assets" taken by the Ottoman Turkey government
              during World War I and the Armenian Genocide.

              Deutsche Bank spokespersons declined any comments.

              The suit seeks restitution -- which Geragos estimates in the tens of
              millions -- for the heirs of genocide victims.

              Comment


              • #17
                Banks Face Up To Murdered Armenian Lawsuit

                BANKS FACE UP TO MURDERED ARMENIAN LAWSUIT


                15/01/2006

                Descendants of Armenians killed over 90 years ago have filed a
                class-action lawsuit in the US and sued Deutsche and Dresdner,
                alleging that the German banks owe them millions of dollars in cash
                and other assets depositied by their ancestors.

                The lawsuit claims that in January 1916, 9 months after the Genocide
                began that eventually killed 1.5 million Armenians in the Ottoman
                Empire, a decree from the Ottoman Minister of Commerce and Agriculture
                ordered all financial institutions operating within the country's
                borders to turn over Armenians assets to the Government.

                Assets worth millions are said to have been eventually funneled to
                European banks, allegedly including Deutsche and Dresdner. The banks
                are said to have profited from the atrocities committed against the
                Armenian people by concealing and preventing the recovery of assets
                rightfully belonging to Armenian families.

                Legal action initiated against New York Life Insurance Company resulted
                in a $20m settlement. French insurer Axa also agreed to pay $17m to
                settle a similar class-action lawsuit.

                Deutsche and Dresdner have so far refused to comment on the matter.

                Comment


                • #18
                  Armenians to Deutsche Bank: Thou Shalt Not Steal

                  Hundreds of Armenians gathered Friday to protest the failure of Deutsche Bank and Dresdner Bank to return money and assets belonging to the heirs of Armenian genocide victims. The descendants of policyholders filed a class action lawsuit against the two German banks Friday seeking the recovery of millions of dollars that have been wrongfully withheld since the Genocide of 1915. Brian Kabateck, Vartkes Yeghiayan, and Mark Geragos, who have won two similar cases against New York Life and AXA, are representing the plaintiffs. Yeghiayan described the case as being "about the restitution of history. It's about justice. And it's about time."

                  Comment


                  • #19
                    No One Should Benefit from the Armenian Genocide



                    January 16, /PanArmenian.Net/ Armenian lawyers Brian Kabateck, Mark Geragos, and Vartkes Yeghiayan, filed the lawsuit against Deutsche Bank and Dresdner Bank in Los Angeles Superior Court. January 13 more than 1,000 Armenians from across Los Angeles County held signs that read "Blood for $" and chanted "Shame on Deutsche Bank," according to Los Angeles media reports. Demonstrators gathered at the downtown offices of Deutsche Bank A.G. Friday morning, hours after it and Dresdner Bank A.G. were slapped with a class-action lawsuit claiming they have withheld money and assets from the heirs of Armenian Genocide victims for 90 years. The suit claims that the two German banks have prevented the recovery of millions in money and assets deposited by Armenians prior to World War I and the Armenian Genocide in 1915. Vartkes Yeghiayan presented the causes of filing the suit. In his words, in 1915 Young Turks stole golden coins from Armenians and handed them over to Deutsche Bank. The gold was transferred into money, that was kept in the Deutsche Bank. "These facts are documented. As lawyers, we want to see those accounts, Vartkes Yeghiayan said. The lawsuit also claims that the banks accepted "looted assets" taken by the Ottoman Turkey government during World War I and the Armenian Genocide. The Armenian lawyers' suit against Deutsche Bank includes 3 point. However, as the local judge explained, the suit can only be considered over one point - restitution by the Bank. Just based on the lawyers intend to initiate legal proceedings in the Federal Court. "The German banks should know Armenians have claims against them. Our position is the following: no one should benefit from the Armenian Genocide," said Vartkes Yeghiayan, reported the Yerkir.

                    Comment


                    • #20
                      I was there at that protest. At least 4 of the Armenian high schools were present at the event.

                      Zankou Chicken delivered about 1,000 sandwiches to the protest (their compliments).

                      Comment

                      Working...
                      X