Litigation

A rampant rumor circulating today throughout the structured settlement industry, that a major factoring company has an ownership interest in,  or is providing the financing for, a structured settlement general agency has been 100% categorically denied by the owner of the general agency in question in an interview given to this author this afternoon.

The categorical denial was in responses to these questions:

This author also attempted to contact the legal counsel for the factoring company cited in the rumor but has not received a return call as of the time of writing.

Last summer, rumors were being spread by an NSSTA and SSP member during the AAJ annual meeting that another general agency was purchasing a factoring company. Those rumors also turned out to be untrue.