Litigation

The Case of "The Dreaded Shrimp"

Posted on June 01, 2008
Timothy Richardson a former employee of the St. Louis branch of the Red Lobster restaurant chain, was left comatose in 2003 by the effects of a shellfish allergy hours after breading shrimp on the job. DealFlow Media's report of the...

"Spanish Flea" Confuses Issue on Retirement Planning and Structured Settlements

Posted on May 31, 2008
There are many things to love about Spain, the people, the culture, the food, the wine, La Primera Liga. Then we have the "Spanish Flea" Francisco Segura, a member of the structured settlement illiterati who has penned a piece of...

"Mr. Whipple" in "Mr. Rodgers' Neighborhood" Seeking Permission To Pay Child Support with Structured Settlement Factoring Proceeds

Posted on May 31, 2008
Sunday's Providence Journal reports of recent judicial review of a structured settlement factoring petition in which Mr. Whipple was seeking permission from Mr. Rodgers so that he could pay a child support obligation for which he was in arrears. Mr.....

Jealous "Cash Now Pusher" Bogarting JG Wentworth's Trademark?

Posted on May 30, 2008
Is Woodbridge Investments' Bob Shapiro a "factoring industry" voyeur? I say that because for some reason it seems that his long telescope is trained on JG Wentworth. Is is it out of jealousy, or something more sinister? Read on and...

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"Horse" Bucks QSF Jockey for Big Loss

Posted on May 30, 2008
Structured Settlements 4Real has learned that one of the nation's leading QSF jockeys (a/k/a "Champions of the QSF") has been "bucked" from a case after the QSF jockeys failed to convince the plaintiff attorney that the only reason the QSF...

Factoring Industry "Soiled" by Blogspot "Dung Beetles"

Posted on May 30, 2008
THEY'RE BACK! Serial Blogspot (a/k/a Blogger.com) spammers are back with a vengeance and this time they are hitting the factoring industry hard. Here are the latest examples of this "digital diarrhea": One of penile dysfunction countrys (sic) favorite vacation destinations,...

Settlement Professional's Bombastic Premise is Inaccurate

Posted on May 30, 2008
One settlement planner bombastically states on his web site that "Settlement Planning starts from the premise that structured settlements are not the answer to everything that everyone needs or wants to do with their settlement dollars"*** The Society of Settlement...

Structured Settlement Industry Web Sites-May 2008 Traffic Report

Posted on May 29, 2008
Three Month Trailing Top 10 Traffic Rank (Alexa Rank as of 05/29/2008) of Structured Settlement and Settlement Planning Industry websites* (+ or- traffic from 04/29/2008 report). Lower number means more traffic. Who Are Ya? Beyond Structured Settlements Blog (Pat Hindert)...

Disability Savings Act of 2008 Discussion on Proposed Disabilty Savings Accounts

Posted on May 29, 2008
The Disability Savings Act of 2008, introduced by Senator Christopher Dodd (D-CT) on March 11, 2008 as Senate Bill 2741, would amend the Internal Revenue Code to allow a tax exemption for disability savings accounts (DSA) that have a value...

Wisdom of LinkedIn Invitations to Competitors. Are You Sabotaging Your Business?

Posted on May 26, 2008
I am amazed that I keep getting invitations to join my competitors' networks on LinkedIn. LinkedIn is an online business social network of over 20 million professionals that allows you to find and be found by past and present colleagues...

A Cash Advance on Discounted Dollars

Posted on May 26, 2008
It is a given that selling your structured settlement payment rights will not get you all of your money now or ever, because in determining how much to pay you, the future payment rights are first discounted (by the purchaser)...

USDOJ Structured Annuity Brokers-DealFlow Media Report Gets It Wrong, AGAIN!

Posted on May 26, 2008
The U.S. Department of Justice released its 2008 Calendar-Year List Of Annuity Brokers who "meet the minimum qualifications for providing annuity brokerage services in connection with structured settlements entered into by the United States". Click here for the list of...

New York Structured Settlements vs. New York Structured Judgments

Posted on May 26, 2008
Add DealFlow Media to the illiterati who believe and wrongfully assert that you can be "awarded a settlement". Friday's post "Appelate Court Reduces Award in Structured Settlement Case" on The Structured Settlements Wire is just another example of incomplete, poorly...

Structured Settlements From Life Insurance?

Posted on May 26, 2008
Google Blog Search Flooding Spamming Cyclops Mark Benedict Young continues his rampant promotion of structured settlement illiteracy with "Structured Settlements From Life Insurance". Fact: You cannot do a structured settlement from life insurance. If you are the beneficiary of a...

Flawed "Plaintiff's Structured Settlement Rights" Bill Purportedly Introduced in New York Assembly by Rory Lancman

Posted on May 25, 2008
The word on he street is that Forge Consulting, LLC President John T. Bair is purportedly behind a plaintiff's rights in structured settlements bill that has been introduced by New York Assembly member Rory I. Lancman (25th District), who is...

AIG Removed From Credit Watch by S&P

Posted on May 24, 2008
In a short time AIG has raised $17 billion of the $20 billion recently planned for through issuance of new common shares, equity units, and other debt according to credit analyst Standard & Poors (S&P). S&P noted that the money...

Structured Settlement Best Practices Corner

Posted on May 24, 2008
Click here to be linked to the Structured Settlements Best Practices Corner, a random collection of observations about the laws that govern the conduct of settlement professionals and structured settlement consultants and relevant business practices associated with structured settlement transactions.

Stone Street Bullies Tort Victim According To Report

Posted on May 24, 2008
Andrew Cravenho reports on May 23, 2008 that one of his clients alleged that "cash now pusher" Stone Street Capital had bullied them in an attempt to convince them that they had no authority to speak to anyone else but...

New York Structured Annuity Advertising. Compliance Issues Continue. Violators Beware, AGAIN!

Posted on May 24, 2008
A number of structured settlement firms operating in New York State STILL appear to be violating New York State Law. An April 28, 2008 opinion of New York Insurance Department Office of General Counsel (OGC) clarifies advertising rules and underscores...

What Kind of "Chicken" is Patrick Hindert?

Posted on May 24, 2008
See Patrick Hindert Called Out on The Carpet For Specifics- May 13, 2008. Get the Count-up Timer widget and many other great free widgets at Widgetbox! Just what kind of chicken is Patrick Hindert? A rubber chicken?...

Hindert Gets IRC 5891 Wrong... Perpetuates Myth

Posted on May 24, 2008
Factoring promoter and structured settlement industry curmudgeon Patrick Hindert does what he does, which is generally to criticize the structured settlement industry on behalf of the factoring industry. Unfortunately for Hindert's own credibility, his attempt to sound authoritative in a...

How Are Structured Settlement Transfers Priced?

Posted on May 22, 2008
Settlement Quotes, LLC posted a useful explanation of how structured settlement transfers (structured settlement factoring transactions are priced. This is a must read for: Holders of structured settlement payment rights who are contemplating selling them to raise cash...

Who Licenses Factoring Companies Who Buy Structured Settlements?

Posted on May 22, 2008
The Google Search was " Who Licenses Factoring Companies in NC?" "Who Licenses Factoring Companies Who Buy Structured Settlement Payments Rights?" The Answer is that as to structured settlement factoring transactions, NOBODY Licenses Factoring Companies Who Buy Structured Settlements Anywhere?"...

In Act of Predation Factoring Company Uses Specious "Chicken Little" Pitch to Hock Injury Victims, Winds Up Among "Structured Settlement Illiterati"

Posted on May 22, 2008
One structured settlement factoring company uses a specious "Chicken Little" argument to try to get structured settlement payment recipients to sell their rights to it at a discount. That company postulates: "It is always possible for an insurance company, former...

Fortune 500 for 2008 Rankings for Financial Services Companies With Tort Settlement Related Business

Posted on May 21, 2008
Fortune Magazine has announced the 2008 Fortune 500, its annual ranking of America's largest corporations. Not surprisingly a number of the largest companies include insurers and banks who directly, or through subsidiaries, provide services to tort victims...

"AXA To Grind" About "Quinine" Gaffe Inspires Financial Literacy Lesson

Posted on May 21, 2008
In our continuing series about malaprops of those who are purveyors of financial advice, Doug Quinn, a representative of AXA Advisors, LLC Settlement Planning Group in New York City who markets structured settlements, makes a statement that "money invested in...

Don't Like Being Under the Magnifying Glass?

Posted on May 21, 2008
Structured Settlements 4Real continues to uncover, question and expose business practices and/or misinformation which could mislead consumers in areas concerning structured settlements, settlement planning, structured settlement factoring and professional credentials of individuals and companies in or writing about those industries...

Deal Flow Media Puts "Accenture" on the Wrong CNA Syllable

Posted on May 20, 2008
Deal Flow Media's report that former structured settlement annuity writer Continental Casualty Co., a subsidiary of CNA Financial, entered into a five-year arrangement for its "structured settlement claims" to be managed by Accenture BPO Ltd is inaccurate...

Mom and Pop Flop With Bogus Tax Deductible Installment Exit Strategy" Says IRS

Posted on May 19, 2008
A recent IRS Private Letter Ruling obliterated a couple's attempt to claim a 501(c)(3) charitable exemption for a company as part of promoting a "tax deductible installment payment exit strategy" scheme, spent "less than one half of one percent of...

Why Is Miami Law Firm Promoting "Cash Now Pusher"?

Posted on May 16, 2008
Why does the Miami Florida law firm of Gerson and Schwartz , P.A.,a supporter of structured settlements on the one hand, appear to be promoting NATLE endorsed "cash now pusher" Strategic Capital Corporation on its Miami Personal Injury Lawyer blog...

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