New York Life Insurance Company.

U.S. District Court Judge Christina A. Snyder has approved the $20 million dollar settlement in the class action lawsuit filed on behalf of descendants of victims who were massacred in the Armenian Genocide of 1915. The suit was filed alleging unpaid life insurance benefits for the descendants and heirs of policyholders. The settlement also allows for a minimum $3 million payment to various Armenian charitable organizations. (Jul-31-04) [SETTLEMENT WEBSITE]