Compensation For Philippine Dictatorship Victims
In 1992, victims won a class action suit against the Marcos estate in Hawaii.
Under the Human Rights Victims Reparation and Recognition Act of 2013, the 9,539 victims will be awarded compensation using $246 million that the Philippine government recovered from Marcos' ill-gotten wealth. But all claims will have to evaluated by an independent commission and the amount each will receive will depend of the abuse suffered.
"Finally, over two decades after the fall of the dictatorship, we will have a law that puts the responsibility of human rights abuses square on the shoulder of Marcos and provides justice for all those who suffered under his reign," said Rep. Walden Bello, a member of a congressional committee that drafted and approved the bill.
___Associated Press writers Oliver Teves and Hrvoje Hranjski contributed to this report.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV