The final hearings of the case "victims of the Armenian Genocide against New York Life Insurance Company" began in the Californian Court on July 30. The Court is expected to decree on the payment of $20 million to the heirs of thousands of Armenians, who insured their lives in American Insurance Companies and then fell victims of the Genocide in Ottoman Turkey. To remind, the company officially recognized the validity of about 2300 insurance policies. According to the lawyers, Liberty reports, the moral factor in this case is more important that the material one, since the fact of the Genocide is for the first time to be recognized in legal form.