Attys Skimmed $1M From Genocide Deals, Suit Claims

Law360, New York (March 16, 2011, 3:15 PM EDT) -- Two attorneys filed a breach of contract suit in California on Friday, accusing their co-counsel in two class actions over unpaid life insurance policies to Armenian Genocide victims of skimming $1 million from settlements.

Mark Geragos and Brian Kabateck's co-counsel, husband-and-wife duo Vartkes Yeghiayan and Rita Mahdessian, stole settlement money from New York Life Insurance Co. and French insurance company Axa SA through sham charities, according to a complaint filed in the Superior Court of the State of California, Los Angeles County.

The settlement money was...
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