Heirs of Armenians file class-action lawsuit over Turkish genocide

January 13, 2006
State/West
By: ALEX VEIGA - Associated Press

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

The class-action lawsuit was filed in Superior Court on behalf of seven Armenians living in Southern California. It 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.
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The lawsuit against the German banks seeks to recoup unspecified millions of dollars for assets such as gold, cash and jewelry that the Armenian descendants claim were deposited by thousands of their ancestors at the banks' Turkish branches or otherwise looted by the Ottoman Turkish government and later transferred to European banks.

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