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News Report: Litigation Funders’ Lawsuit Says New York AG’s Attempt to Recoup Fees Paid by 9/11 Victims Would Hurt Business

January 06, 2017  |   Posted by :   |   Litigation Funding   |   Comments Off on News Report: Litigation Funders’ Lawsuit Says New York AG’s Attempt to Recoup Fees Paid by 9/11 Victims Would Hurt Business

The New York Post this week reported that a litigation funding company has filed a lawsuit against New York’s Attorney General over his “attempt to recoup $1.6 million in ‘excessive’ fees paid by 9/11 victims for cash advances on government payments.” The report (9/11 Fee Lawsuit) also says that RD Legal Funding Partners’ lawsuit against New […]

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Court Grants Rescission in Stranger-Originated Life Insurance Lawsuit

January 03, 2017  |   Posted by :   |   Life Settlements   |   Comments Off on Court Grants Rescission in Stranger-Originated Life Insurance Lawsuit

A plaintiff’s lawsuit seeking to enforce a stranger-originated life insurance policy resulted instead in a court ruling in favor of the insurer seeking to rescind the policy. In addition, the court in Ashkenazi v. AXA Equit. Life Ins. Co., 115034/07, 2016 NY Slip Op 31882(U), Supreme Court, New York County, N.Y. (N.Y. Sup. Ct. Oct. […]

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Maryland Courts Revise Rules for Structured Settlement Protection Act Proceedings

December 30, 2016  |   Posted by :   |   Structured Settlements   |   Comments Off on Maryland Courts Revise Rules for Structured Settlement Protection Act Proceedings

The Maryland judiciary this month has revised the rules governing actions filed pursuant to that state’s structured settlement protection act. The rule revises the requirements concerning documents to be filed by factoring companies that seek judicial approval of transfers under the structured settlement protection act – list of documents that now includes a copy of […]

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Court Ruled Factoring Company Failed to Make Claim, But SSPA’s No-Payee-Liability Provision Also Might Have Protected Payee from Claim

December 16, 2016  |   Posted by :   |   Structured Settlements   |   Comments Off on Court Ruled Factoring Company Failed to Make Claim, But SSPA’s No-Payee-Liability Provision Also Might Have Protected Payee from Claim

As described in this post, in the case is captioned In re A Transfer of Structured Settlement Payment Rights by Saucier, No. 2015-CA-00847-COA, 2016 Miss. App. LEXIS 801 (Miss. Ct. App. Dec. 13, 2016), the appellate court affirmed the dismissal of any claims for damages against structured settlement payee Benny Ray Saucier by factoring company RSL Funding, LLC, because […]

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No Damages For Factoring Company that Failed to Plead, Says Mississippi Appellate Court

December 15, 2016  |   Posted by :   |   Structured Settlements   |   Comments Off on No Damages For Factoring Company that Failed to Plead, Says Mississippi Appellate Court

A secondary market dispute with a “highly complex” history has resulted in another decision favoring the payee over a factoring company that sought to obtain the payee’s structured settlement payment rights. The case is captioned In re A Transfer of Structured Settlement Payment Rights by Saucier, No. 2015-CA-00847-COA, 2016 Miss. App. LEXIS 801 (Miss. Ct. App. Dec. 13, 2016), […]

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