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Add Oregon to List of States Enforcing Insurers’ Contract Rights under Structured Settlement Agreements

June 01, 2017  |   Posted by :   |   Structured Settlements   |   Comments Off on Add Oregon to List of States Enforcing Insurers’ Contract Rights under Structured Settlement Agreements

As described in this post, the Oregon Courts of Appeals in Johnson v. J.G. Wentworth Originations, LLC, 284 Ore. App. 47, 2017 Ore. App. LEXIS 280  (Ore. Ct. App. Mar. 1, 2017), earlier this year upheld the rights of a structured settlement obligor and annuity issuer to enforce a contractual anti-assignment provision and thereby preclude a proposed structured settlement factoring […]

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Court Rules Against Pension Factoring Company That Challenged Consumer Financial Protection Bureau’s Authority, Investigation

May 30, 2017  |   Posted by :   |   Annuities,Pension Factoring,Structured Settlements   |   Comments Off on Court Rules Against Pension Factoring Company That Challenged Consumer Financial Protection Bureau’s Authority, Investigation

A federal court has upheld the constitutionality of the Consumer Financial Protection Board’s structure, and further found that the CFPB’s investigation into a pension factoring company’s business practices was neither overboard nor outside the CFPB’s jurisdiction. In Consumer Fin. Prot. Bureau v. Future Income Payments, LLC, Case No. SACV 17-00303-JLS ((SSx), 2017 U.S. Dist. LEXIS […]

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Forbes Reports That Litigation Finance Company Faces Lawsuit By Former Customers Over Allegations of Too-High Interest Rates

May 24, 2017  |   Posted by :   |   Litigation Funding   |   Comments Off on Forbes Reports That Litigation Finance Company Faces Lawsuit By Former Customers Over Allegations of Too-High Interest Rates

  Forbes this month reports that a litigation finance company has been sued by former customers, who have alleged that the company charged usurious interest rates.  Says reported John O’Brien in the May 9 article, Customers Sue Legal Finance Company, Allege Interest Rates Over 100%: Six individuals who did business with Oasis [Legal Finance] are suing […]

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Latest Development in Lawsuit Over Invalidated Settlement Factoring Order: Court Awards Fees to Re-Assignees

May 17, 2017  |   Posted by :   |   Structured Settlements   |   Comments Off on Latest Development in Lawsuit Over Invalidated Settlement Factoring Order: Court Awards Fees to Re-Assignees

The Wall v. Altium litigation’s latest development is another win for the Walls, the re-assignee investors who did not receive the settlement payments that they thought they had purchased because the order approving the sale was later deemed to be void. In a May 10, 2017, opinion, the federal court for the Western District of […]

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SEC, Life Settlements Company Settle Claims Over Ponzi-Style Scheme

May 11, 2017  |   Posted by :   |   Life Settlements   |   Comments Off on SEC, Life Settlements Company Settle Claims Over Ponzi-Style Scheme

The Securities and Exchange Commission this month announced that it had reached a settlement with Verto Capital Management and one of its officers over charges that the company “used new investor money to repay earlier investors in Ponzi-like fashion and tapped investor funds for the CEO’s personal use”, according to a press release from the SEC. […]

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