Litigation

Did Peachtree Settlement Funding Lie to This Annuitant?

Posted on September 08, 2010
Today I received a call from an annuitant who was contemplating factoring a structured settlement that she agreed to in 2007. The reasons for factoring need not be displayed here for privacy reasons, but in my opinion they are legitimate...

"Structured Settlement Certified Expert" Certified By Whom?

Posted on September 07, 2010
Pressed into action In the "wee hours" of the morning it required a four alarm "fire hydrant job" for the structured settlement watchdog and pals to respond to reports that James Adler, a New Yorker of 431 East 72 Street...

Is Cash Now Pusher taking Advantage of Unsophisiticated Annuitants?

Posted on September 07, 2010
While most people put a lime in their Corona, THIS Corona is a frickin' lemon. Our research suggests that Corona Capital of Lewes Delaware is a small time broker in the structured settlement factoring market saying some big words about...

Can Annuity Issuer Go Bankrupt?

Posted on September 07, 2010
Someone "Binged" the above question of "insurer bankruptcy" into cyberspace earlier today. It is a question I have addressed recently in a July 23, 2010 post wherein I stated that The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005...

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Down Goes SPI! Down Goes SPI! "Bandwidth Exceeded"

Posted on September 07, 2010
It's only the beginning of the month and the website of Settlement Professionals, Inc. has exceeded its bandwidth Download 9-7-2010 Meligan- SPI-509 Bandwidth Limit Exceeded. As a result, at the time of posting the Settlement Professionals website is down (see...

Personal Injury Settlement FAQ Makes Structured Settlement Factoring Out To Be Pawn Shop. Is it?

Posted on September 05, 2010
In its Personal Injury Settlement FAQ Law.com states that "usually companies will pay you 20 to 50 cents on the dollar to purchase your right to future (structured settlement) payments". This conjures up the classic image of Winthorpe trying to...

At What Point Does Nontaxable Income From A Structured Settlement Become Taxable To An Estate?

Posted on September 05, 2010
The above question was recently asked by someone searching on the Bing Search Engine. Structured settlements, referring to the classic personal injury version retains its income tax status when paid to the beneficiary. Payments under the classic structured settlement is...

J.G. Wentworth "Maine Lines" Structured Settlement Payments From Woman of Diminshed Capacity. Where Was The Judge?

Posted on September 05, 2010
In an April 29, 2010 complaint against JG Wentworth posted on complaintsboard.com, a South Addiosn , Maine woman descirbes the horror show that a woman with closed head injury allegedly suffered suffered at the hands of JG Wentworth in a...

Deaf Mom Of 4 Complains About JG Wentworth and John Hancock, But Who Is At Fault?

Posted on September 03, 2010
"In a post JG Wentworth Complaints -RIP OFF", Sandra, a deaf, now homeless, mother of 4 alleged that she was victimized by both JG Wenworth and the John Hancock, the company that issued the annuity contract that funded the structured...

A "BUTT(Head)" AND(rew) Costello

Posted on September 03, 2010
In response to Jason Zweig's July 23, 2010 caveat on investing in secondary market payment rights in the Wall Street Journal, Andrew Costello comments: "How ridiculous that such a thing even exists. Just another symptom of a society that wants...

Insurers No Match For Banks When It Comes to Failures as Problem Bank List Grows to 829

Posted on September 03, 2010
A total of 118 banks have failed in 2010 compared to 0 insurance companies issuing structured annuities. Q2 2010 also saw 53 more banks added to the FDIC's "problem bank" list bring the list to its highest total since 1993...

Plaintiffs Should Beware The Municipal "Bondsy Scheme" With Their Recovery!

Posted on September 03, 2010
Both structured settlements and municipal bonds offer income to payees that is tax exempt**. While a plaintiff may be getting the heavy sales pitch from a financial planner about investing in muncipal bonds or municipal bond funds as an alternative...

Structured Settlement "Monopoly"! Compare the Settlement Industry "Net" Worth

Posted on August 31, 2010
A website called ATARAXA correlates search engine and other SEO sources to assign a monetary value to a website based on traffic and estimate advertising revenues. Listed below are the top 10 website values in the structured settlement space using...

AIG Unit to Buy Up To $250 Million In Structured Settlements From Factoring Company Annually Though 2013, Says Factoring Company, National Underwriter

Posted on August 30, 2010
National Underwriter reported that Slate Capital LLC, a unit of American International Group, Inc. ("AIG"), has agreed to buy up to $250,000,000 in structured settlements( payment rights) each year through May 2013, from Imperial Holdings, LLC***, a factoring company in...

Is "Settlement Annuity Company" Selling Itself Short?

Posted on August 29, 2010
One of my esteemed competitors proudly proclaims that "There is no interest in selling the plaintiff any other type of financial product, before, during or after the case is settled". Consider on the one hand that in the book In...

Medical Insurance Inflation: Factoring Into a Settlement Solution

Posted on August 29, 2010
The AVERAGE year over year rate of increase in health insurance premiums for New York City residents across 8 leading insurers was 11.23% based on data assembled by the New York Public Interest Research Group (NYPIRG) and published in the...

Which legitimate structured settlement industry websites are getting the most Internet traffic? September 2010

Posted on August 29, 2010
Which legitimate structured settlement industry websites are getting the most Internet traffic? Three Month Trailing Top 10 Global Traffic Rank (Alexa Rank as of 08/29/2010) of Structured Settlement and Settlement Planning Industry websites* (+ or- traffic from 08/01/2010 report)...

There was "HELL-erstein" Not "To Pay" as "Alvin" Rules in Favor of 9/11 Workers

Posted on August 28, 2010
New York Federal Judge Alvin Hellerstein ruled August 27th, that lawyers for more than 10,000 9/11 first responders, CANNOT collect more than $6 million in interest on loans that the lawyers took from Counsel Financial to finance the lawsuits. Counsel...

Connecticut Insurers and Agents Must Notify Regulators Within 5 Days of Sensitive Data Breach

Posted on August 27, 2010
The Connecticut Insurance Department has issued a new memorandum detailing new rules to better protect consumers' personal health and financial related information. See below Connecticut Insurance Dept.: Data Breach Notification Bulletin Structured settlement consultants handle plaintiff medical records and financial...

Bentzen "Pennant" is Parked at 100% Bounce Rate

Posted on August 26, 2010
Rhonda Bentzen's blog is like a tumbleweed drifting through a ghost town, a pennant of decay flapping in the park. While I am "honored" that Ms. Bentzen has chosen to devote her company website to rambling random nonsensical comments of...

New York Verdicts "The Defense Doesn't Simply Write Out a Check" -Oginski... And Don't Forget 50A and 50B!

Posted on August 25, 2010
Gerry Oginski, a New York medical malpractice attorney has released a useful video podcast for plaintiffs seeking to know what happens after they have won a medical malpractice (or other liability) verdict in courts in the State of New York....

Are Medical Malpractice Settlements Taxable? Blog Rodent Alert-3 MedicalMalpracticeLawyersand Attorneys.com

Posted on August 22, 2010
The question " Are Medical Malpractice Settlements Taxable?" is legitimate. The answer is illiterate wallaby dung from a website purportedly owned by Aussie company l M Connelly & Son's Pty Download CoolWhois.com - WHOIS searc.. In fact the question never...

Hearing to Investigate If New York Lawyers Overcharged 9/11 First Responders

Posted on August 22, 2010
Federal Judge Alvin Hellerstein is to conduct a hearing this week to investigate whether lawyers for 9/11 first responders in their case against the City of New York, can pass on loan interest costs to their clients or whether such...

Is Factoring Money/Involvement in Settlement Planner Society Turning Off Potential SSP Members?

Posted on August 20, 2010
This author received a phone call today from a respected plaintiff structured settlement consultant who stated that he informed a member of the current leadership recruiting him that he/she would not join the Society of Settlement planners as long as...

Without Evidence, Morons at South Florida Business Journal Report Scott Rothstein Scam Was About Structured Settlements

Posted on August 18, 2010
The South Florida Business Journal demonstrates classic shambolic reporting in its coverage of the Imperial Holdings IPO, a subject that Structured Settlements 4Real and Reuters covered on August 13, 2010. Even though there has been considerable coverage to the contrary...

New York Structured Settlements: Defense Counsel Don't Blow Your §5-1702 Disclosure Obligation!

Posted on August 18, 2010
When a structured settlement is part of the resolution of a New York personal injury case the New York General Obligations Law creates a legal obligation on the defendant, or the defendant's legal representative to disclose a number of things...

Without Evidence, Incompetents at South Florida Business Journal Publish False Report That Scott Rothstein Scam Was About Structured Settlements

Posted on August 18, 2010
The South Florida Business Journal demonstrates classic shambolic reporting in its coverage of the Imperial Holdings IPO, a subject that Structured Settlements 4Real and Reuters covered on August 13, 2010. Even though there has been considerable coverage to the contrary...

Spencer v Hartford Financial Services Group Class Action Settlement

Posted on August 17, 2010
If you've ever been curious of the amount of work that goes in to a class action and the fascinating way that attorney compensation is determined in such cases, you need look no further than the August 16, 2010 Declaration...

Non Qualified Assignment: Puritan Financial Advisor Steps Up To Plate and Whiffs

Posted on August 17, 2010
James Morgan, a Puritan Financial Advisor has weighed in our post Financial Literacy Moments of 2010- Blog Rodent Alert 2 . Seeking a free link "Jimbo" parrots back the illiteracy from the Blog Rodent we roasted: "A non qualified assignment...

Prudential Cleared by NJ Regulators in Life Insurance Retained-Asset Investigation

Posted on August 17, 2010
Thomas B. Considine, New Jersey's commissioner of banking and insurance, told the Wall Street Journal Journal that a Prudential Company letter dated August 4, 2010 satisfies the department that Prudential acted properly and further reassures this department of the value...

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