Philadelphia, United States
Law Firm Kohn, Swift & Graf, P.C. announces that a settlement has been reached In re: Assicurazioni Generali S.p.A. Holocaust Insurance Litigation, No 1374 filed in the United States District Court for the Southern District of New York, USA, between Assicurazioni Generali S.p.A. and individuals persecuted by the Nazis who owned Generali insurance at the time of their persecution.
"This will be an opportunity for many people to finally receive funds that are owed to them and their families," said Robert Swift who has served as one of the lead attorneys for the plaintiffs who have been engaged in several class action lawsuits against Generali for more than nine years.
Individuals or their ancestors who purchased Generali insurance between 1920 and 1945 and who owned a policy or were a beneficiary of a policy that was in force immediately prior to their persecution by the Nazis or their allies are eligible. Mr. Swift continued, "Many of these people were persecuted due to their religion, ethnic background, sexual orientation, or political beliefs. They include but are not limited to Jews, Romani, Jehovah's Witnesses, Political Prisoners, and Homosexuals." One important limitation is that if Generali has already compensated an individual for their policy, they are not eligible for further compensation in connection with this Settlement.
A SIMPLE CLAIMS PROCESS THAT WILL BE SUPERVISED BY THE COURT HAS BEEN ESTABLISHED. TO PARTICIPATE IN THE SETTLEMENT INDIVIDUALS SIMPLY NEED TO CALL TOLL FREE 1-866-217-4455 AND ASK FOR A NOTICE AND CLAIM FORM. ALTERNATIVELY THEY CAN GO TO WWW.NAZIERAINSURANCESETTLEMENT.COM AND DOWNLOAD THE NOTICE AND A CLAIM FORM AND MAIL IT POSTMARKED BY MARCH 31, 2007, TO:
Assicurazioni Generali S.p.A.
Policy Information Center
Piazza Duca Degli Abruzzi, 2
34132 Trieste, Italy
It is not necessary to have the actual policy to participate in this Settlement. If individuals believe their families owned or were beneficiaries of such a policy they should make a claim," Mr. Swift explained.
Claim Forms will be processed and funded using the claim validation procedures established by the International Commission on Holocaust Era Insurance Claims ("ICHEIC"). The Settlement includes all claims received by ICHEIC that have not yet been processed, as well as new ones. Validated claims will be processed based on the amount due, but a minimum payment of 1,000 USD has been set for all eligible claims.
A Hearing to consider final approval of the Settlement will be held at 10:30 a.m. on January 31, 2007, in Courtroom 15D of the United States Court at 500 Pearl Street, New York, New York 10007, USA.
MULTIMEDIA AVAILABLE:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5281776
CONTACT: for Law Firm Kohn, Swift & Graf, P.C. Anya Verkhovskaya Senior Vice President A.B. Data, Ltd. Notice Administrator 414-963-6441 info@abdatalawserve.com
CONTACT: for Law Firm Kohn, Swift & Graf, P.C. Anya Verkhovskaya Senior Vice President A.B. Data, Ltd. Notice Administrator 414-963-6441 info@abdatalawserve.com , ,
Source: Business Wire (Business Wire India)