Litigation

Afraid of Losing Business Due To Transparency Initiative in Structured Settlement Industry? Why Make Veiled Threats?

Posted on December 15, 2008
It has come to this author's attention that there are one or two structured settlement brokers, settlement planners who have told one of our sources that they will "turn it over to their lawyers" IF they lose any business over...

J.G. Wentworth in Major Contraction? Lays Off 120 Employees

Posted on December 15, 2008
J.G. Wentworth has laid off 120 employees according to a report in today's Philadelphia Business Journal, citing a required filing with the Pennsylvania Department of Labor and Industry.According to the J.G. Wentworth website the "cash now pusher" went from 100...

Madoff Ponzi Scheme and Structured Settlements. Any Exposure?

Posted on December 15, 2008
As the extent of the fallout from the massive Madoff Ponzi scheme continues to unfold, the breadth of investors and firms affected is already staggering. According to reports several Israel insurers, European Banks, the owners of the Mets, the IRA...

Andrew Cravenho... Someone Who Gets It!

Posted on December 15, 2008
Michele Determan Hsu, Senior VP Marketing of cash now pusher Stone Street Capital, blogs that she wants to have an open discussion with the primary market to address cash now. What's to address? It's fraud!. It seems that the intent...

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Afraid of Losing Business Due To Structured Settlement Transparency Initiative? Why Make Veiled Threats?

Posted on December 15, 2008
It has come to this author's attention that there are one or two structured settlement brokers, settlement planners who have told one of our sources that they will turn it over to their lawyers IF they lose any business over...

J.G. Wentworth in Major Contraction? Lays Off 120 Employees

Posted on December 15, 2008
J.G. Wentworth has laid off 120 employees according to a report in today's Philadelphia Business Journal, citing a required filing with the Pennsylvania Department of Labor and Industry.According to the J.G. Wentworth website the cash now pusher went from 100...

Madoff Ponzi Scheme and Structured Settlements. Any Exposure?

Posted on December 15, 2008
As the extent of the fallout from the massive Madoff Ponzi scheme continues to unfold, the breadth of investors and firms affected is already staggering. According to reports several Israel insurers, European Banks, the owners of the Mets, the IRA...

IRC 130 Qualified Assignment Blooper By Forge Consulting

Posted on December 14, 2008
It's time to correct yet another blooper by Forge Consulting, LLC, the firm that brought us "plantiffs", the alleged John Edwards "pay for testimonial" and the notion that it is perfectly OK to sign an affidavit under penalty of perjury...

Does your Structured Settlement Consultant Take Kickbacks From Cash Now Pushers? Sell Names of Claimants or Supply Documents From YOUR Confidential cases? How Do You Know?

Posted on December 14, 2008
Questions for trial lawyers Does your structured settlement broker or settlement planner take kick backs from "cash now pushers"? According to one factoring broker 90% of structured settlement consultants referring her business do! The money comes out of your client's...

Does your Structured Settlement Consultant Take Kickbacks From Cash Now Pushers? Sell Names of Claimants or Supply Documents From YOUR Confidential cases? How Do You Know?

Posted on December 14, 2008
Questions for trial lawyers Does your structured settlement broker or settlement planner take kick backs from cash now pushers? According to one factoring broker 90% of structured settlement consultants referring her business do! The money comes out of your client's...

IMSA Violations By Structured Settlement Brokers and Settlement Planners Could Jeopardize Their Contracts With Insurers

Posted on December 13, 2008
The "Milquetoast" enforcement of the NSSTA Code of Ethics may be giving certain members of the settlement industry a false sense of security.The Principles of Ethical Market Conduct of the Insurance Market Place Standards Association (IMSA) are: conduct business according...

IRC 130 Qualified Assignment Blooper By Forge Consulting

Posted on December 13, 2008
It's time to correct yet another blooper by Forge Consulting, LLC, the firm that brought us plantiffs, depending on the time of deferral, the sole benefit (of structuring attorney fees) is equivocated guaranteed interest rates at approximately 15%, the John...

What Prosperity Partners Says Supports Claims of Advertising FRAUD Against Tort Victims

Posted on December 12, 2008
A thank you is due to Prosperity Partners for providing subject matter expertise that supports our theory that "cash now" advertising is a FRAUDULENT inducement to some of the most vulnerable consumers, tort victims with structured settlements. Among other things...

NSSTA REWARDS J.G. Wentworth "Insider" With Regional Dais!

Posted on December 11, 2008
What does NSSTA do when faced with a member whose activities promoting JG Wentworth seem in conflict with NSSTA's own branding initiatives and its bylaws? a) Reward him with a speaking engagement?b) Appoint him to influential committees?c) All of the...

"Gallows Humor" from Baltimore

Posted on December 11, 2008
With respect to the Stone Street blog response to my post yesterday Stone Street Capital Where Blue Is Really "Brown" on Structured Settlements (among other things about Stone Street Capital's absurd blooper about the 40% excise tax levied under IRC....

Factoring Foxymorons

Posted on December 11, 2008
While one cash now pusher claims that factoring represents "only 5% of all structured settlements written" others like to brag about the size of their securitizations. In a market environment where "shrinkage" is a "very BIG" issue, we all know...

Stone Street Capital Where Blue is Really "Brown" on Structured Settlements?

Posted on December 10, 2008
Stone Street Capital has announced a structured settlement resource with a putative intent to clear up misconceptions about structured settlement factoring. The resource includes copies of the structured settlement protection act for each state that has one...

Why Does Forge Consulting Lie About Something So Insignificant?

Posted on December 08, 2008
Merriam Webster defines "Big Lie" as "a deliberate gross distortion of the truth" THE LIE "Forge Consulting, LLC is the first major new firm in the structured settlement industry in more than a decade".. The lie, among others, has been...

Guardian Life and subsidiaries UPGRADED By AM Best to A++

Posted on December 08, 2008
Bucking the recent "trend" Guardian Life, the New York based major writer of long term disability and employee benefits has been upgraded by A.M. Best to its highest financial strength rating of A++ (Superior). The rating applies to Guardian's subsidiaries...

Structured Settlement Producers and Settlement Planners Who Did Not Declare

Posted on December 08, 2008
How it's going to Look... This one of a series of reference lists for lawyers for tort victims in the United States, judges, insurers, risk managers and tort victims that they may use in their evaluation of settlement professionals. The...

NSSTA Member's Obsession With JG Wentworth Presents Inconsistent Message To Trial Lawyers, Judges and Stakeholders

Posted on December 07, 2008
Dovetailing from his 5 part series about a series on JG Wentworth's statistically irrelevant survey of 116, Patrick HIndert has now set forth his intentions to begin a multi-part series promoting JG Wentworth.What makes this interesting for trial lawyers, judges,...

Cash Now Pusher Rogues Gallery December 2008

Posted on December 05, 2008
These firms currently falsely advertise "cash now" for structured settlements when they are fully aware that the process is not instantaneous as their promotion implies: J.G. Wentworth (including subsdiaries and alter egos FS Gerard, 321 Henderson) Peachtree Settlement Funding Woodbridge...

Bentzen on Medicare Secondary Payer and July 1, 2009- Fact or Fiction?

Posted on December 04, 2008
Rhonda Bentzen, gossip and factoring broker known for offering, paying and defending kickbacks to a significant number of structured settlement brokers and settlement planners (a practice proven to be at the expense of tort victims) has finally got off her...

Neither Word Nor Wiki From Hindert on The JG Wentworth Downgrade to CCC+

Posted on December 03, 2008
3-H Club Patrick Hindert won't attack factoring company business practices Patrick Hindert will attack structured settlement professionals and their trade association who do not support factoring Patrick Hindert has previously characterized JG Wentworth a "structured settlement thought leader" Neither word...

Conseco Dumps Seniors' LTC policies into Trust

Posted on December 03, 2008
In an article entitled "Insurer Casts Off Long Term Care Policies" in today's Wall Street Journal, it was reported that Conseco, Inc. has transferred many of its long term care policies into a state supervised independent trust. The move, which...

AIG and Feds Reach Agreement to Clear $53.5B Per Regulatory Filing w SEC, Website

Posted on December 03, 2008
American International Group, Inc. (AIG) announced December 2, 2008 via its website that a financing entity recently created by the Federal Reserve Bank of New York (FRBNY) and designed to mitigate AIG's liquidity issues in connection with its credit default...

Most People Who Sell Their Structured Settlements Do So To Pay Bills

Posted on December 03, 2008
It is clear from both scientifically relevant structured settlement surveys and unscientifically irrelevant structured settlement surveys, that most people sell their structured settlement payment rights to pay their bills.Q. Why do people have bills?You receive a bill because of a...

United States "T-Bomb" Tossed by "Batman"

Posted on December 03, 2008
Shouldn't settlement consultants have an obligation to those they serve and the industry to achieve and maintain the highest level of financial literacy? Those that also hold a Series 7 and hold themselves out as "financial advisors" must surely be...

A Word About Criticism in the 21st Century

Posted on December 02, 2008
Some people take criticism as "cynical" and others think it "unprofessional and juvenile". Who wants to walk on egg shells when dealing with "elected officials"? Here's some timeless words for those egg shell officials... Criticism is something we can avoid...

Employment Structured Settlement Market Could Benefit from Withholding Solution

Posted on December 01, 2008
The lack of a withholding tax solution is a roadblock to many employment structured settlements. The IRS Private Letter Ruling obtained by IFS Corp addresses the tax treatment of the recovery, but the employment structured settlement solution still must address...

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