Litigation

The T'SNOT Heard 'Round the World

Posted on March 20, 2009
Yet another factoring company has tried to overcome the United States sovereign immunity status and failed. This time its the "Thompson Twins" Bobby and Bob, Bobby, the surviving recipient of an annuity purchased by the United States from National Home...

JG Wentworth "SEVERELY WEAKENED FINANCIAL POSITION"- Standard & Poors "

Posted on March 18, 2009
J.G. Wentworth, LLC was not bestowed with the luck of the Irish on St. Patrick's day as its credit ratings continue to flop over like a sack of potatoes. Standard & Poors dropped J.G. Wentworth's long term counterparty rating to...

Structured Annuity Issuers Again Rank Well In 2009 Fortune "World's Most Admired" Survey

Posted on March 18, 2009
Structured settlement annuity issuers again appear in the FORTUNE list of America's Most Admired Companies for 2009. The annual FORTUNE survey has been called "the definitive report card on corporate reputations". There's nothing better than having your peers recognize you...

Fixed Annuity Sales Up 90% in Q4 2008 over Q4 2007 and Up 60% Calendar Year 2008

Posted on March 18, 2009
According to Beacon Research Fixed Annuity Premium study of 53 insurance companies representing 86% of the market, U.S. sales of fixed annuities were up 60% in 2008. Surprisingly in the 4th quarter of 2008, at the height the financial crisis...

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The Factoring Jackal Within

Posted on March 17, 2009
Patrick Hindert's "One Step Beyond" blog reference to the protagonists of the 3rd Circuit bitch slap of Rapid Settlements as "All State" appears to be no clerical error. "Hedwig" has even created a separate category on the blog for All...

How Big Is In "The Tin Cup"?

Posted on March 16, 2009
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created during The Great Depression by the Glass-Steagall Act of 1933. Pursuant to 12 U.S.C. 1828(A)(1)(B) insured deposits are guaranteed by the full faith and credit of the...

Emergency Fund and Good Cash Management Essential to Financial Stability

Posted on March 14, 2009
An emergency fund is simply sound financial planning for both individuals and businesses. The old adage that you should have 3 months expenses salted away in an emergency liquid reserve fund to cover unanticipated blips has been enlarged to 6...

Two Wrongs Don't Make A Right Unless it Comes out of the Factoring Industry???

Posted on March 14, 2009
Apparently two wrongs don't make a right unless it comes out of the factoring industry. On the Legal Broadcast Network Matt Bracy, the general counsel for Settlement Capital of Dallas, TX is interviewed by Mark Wahlstrom on the topic of...

Structured Settlement Fraud and Racketeering Case May Proceed As Class Action

Posted on March 13, 2009
Connecticut Federal Judge Janet C. Hall has ruled that the Spencer v. Hartford case may proceed as a national class action under alleged fraud and federal racketeering violations, but not on two additional claims for unjust enrichment and breach of...

Illinois Structured Settlements Will "Show More Leg" With State Tax Increase

Posted on March 13, 2009
"Income taxes in Illinois could soon be going up by as much as 50 percent to combat deficits in a difficult state budget", according to a CBS News report. In what would be the first increase in 20 years, the...

The Yellow Payment Stream By I. Peachtree Daily

Posted on March 11, 2009
Yet again a cash now pusher has tried to factor a structured settlement annuity owned by the United States of America and someone has pissed on its leg. This time it's the United States District Court for the District of...

High School Synapses Reconnected in Terrace Park Ohio?

Posted on March 10, 2009
Was S2KM's Patrick Hindert an Ohio All State athlete? Perhaps so, or what else could be the explanation for the factual fromage exhibited in Hindert's review of the 3rd Circuit's recent decision concerning Rapid Settlements?How could Hindert, a self professed...

4structures.com, LLC receives top service rating from Better Business Bureau

Posted on March 10, 2009
4structures.com, LLC has been assigned an "A+", the highest rating from The Better Business Bureau (BBB).BBB assigns grades from A to F with pluses and minuses. A+ is the highest grade and F is the lowest. The grade represents BBB?s...

Beware of "Rob" - Roy

Posted on March 10, 2009
Boston attorney Jeffrey Roy of Boston's Ravech & Roy, P.C. speaks out in favor of structured settlements in a post about the recent 3rd Circuit decision against Rapid Settlements which we reviewed yesterday."We have had many clients over the years...

"Arb This!" Third Circuit to Rapid Settlements

Posted on March 09, 2009
A Federal Court of Appeals in the 3rd Circuit in Allstate v. Rapid Settlements, 2009 WL 514080 (C.A.3 (Pa.)) slammed a Rapid Settlements deal because no state court had signed off on it, as required by structured settlement protection acts...

NASP finally sets up Website... Sort Of

Posted on March 09, 2009
The National Association of Settlement Purchasers moves out of the shadows and onto the Internet with a website. Well sort of.At this point the site is very rudimentary the only content being links to the two Earl Nesbitt interviews from...

Cash Now Pushers Not Paying Yet Continuing to Advertise "Cash Now?"

Posted on March 09, 2009
Settlement Quotes, LLC's Andrew Cravenho's February 24, 2009 post will be of interest to Attorneys General and the Federal Trade Commission (FTC). Cravenho describes several recent instances consumers have written to him describing a process from JG Wentworth, Stone Street...

Which Side of "Most Of" Do Hartford Structured Settlements Fall?

Posted on March 09, 2009
Various news reports citing anonymous sources on Friday said that Hartford Financial Services Group Inc. is in talks to sell most of its life insurance subsidiary to Sun Life Financial Inc.of Canada, a fine company north of the border that...

Hindert Gushes Over Risk's "Watershed Moment" But Argument Hits Rocks

Posted on March 09, 2009
In an otherwise generally informative review of the recent Academy of Special Needs Planners annual meeting Patrick Hindert goes over the top in a barrel to laud a historical model of self restraint Richard B. Risk as, to S2KM's knowledge,...

Structured Settlement... It's Worth The Wait

Posted on March 07, 2009
Since Obama has brought back the 1970s-1980s swashbuckling economic icon Paul Volcker it seems appropriate for the structured settlement industry to bring back an advertisement of that era to fight irresponsible factoring advertising and the forces of instant gratification vs...

Cash Now Pusher Evokes "Needle in a Haystack" To Justify Fraudulent Advertising Practices of Industry

Posted on March 07, 2009
Brutally honest (cough cough) Michelle Hsu of cash now pusher Stone Street Capital (yeah, the folks whose mascot is a blue Teletubby like cow) says she's looking for a needle in a haystack. "People who receive a structured settlement are...

Pruco Assignment Corporation Now Requires 60 Day Window For Funding Non Qualified Structured Settlements

Posted on March 07, 2009
The non qualified assignment (often referred to as a non qualified structured settlement 1) is a form of settlement used to resolve disputes, claims for damages and certain other financial transactions that do not fall within the realm of physical...

Sterling "Pounds" One Out for Structured Settlement Illiteracy

Posted on March 07, 2009
Jim Sterling's work on structured settlements is typical of non credentialed writers about structured settlements on the Internet. Non credentialed writers flood the Internet with content (much of it laughably inaccurate to those in the know) on websites built for...

Stirring It Up..SSE Funding Advertisement says it All

Posted on March 06, 2009
You've got to love it when your message gets a stirring response. As you can see from the web pages of certified cash flow consulting office SSE Funding, there appears the beginnings of a recoil by some members of the...

4structures.com, LLC Leads Structured Settlement Website Unique Visitors..Compete.com

Posted on March 06, 2009
4structures.com, LLC continues to dominate the unique visitors to structured settlement industry websites, according to a Compete.com analysis for February 2009. The industry itself improved on last month with 1,181.14 unique visitors. While this represents an improvement from January 2009,...

Bair Says FDIC Fund Could Dry Up Amid Surge In Bank Failures

Posted on March 05, 2009
With all the hubbub about insurance companies, let us not forget the banks.The breadth of the financial crisis has hit reality when Federal Deposit Insurance Corp. Chairman Sheila Bair said in a March 2, 2009 letter to the banking industry...

Chuck Derenne earns RSP Designation

Posted on March 03, 2009

Allstate Structured Settlement Annuitants...Why Get Shafted?

Posted on March 03, 2009

If That Just Isn't The Turd Calling The Farmer Brown

Posted on March 02, 2009

AIG What's Happening At AIG ?

Posted on March 02, 2009

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