NY Life Genocide Action Survives For Now

Law360, New York (May 2, 2011, 10:37 PM EDT) -- A California federal judge on Monday indicated she would not dismiss a putative class action alleging New York Life Insurance Co. improperly restricted claims by heirs of policyholders who died in Ottoman Empire genocides in the early 20th century.

The tentative ruling, if entered, will keep alive claims that New York Life hoped it had put behind it in 2008, when it created a voluntary $15 million program to pay descendants of Greek policyholders who died during the mass killings.

“I think [the plaintiffs] just barely...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.