Litigation

A Constructive Recipe to Avoid Constructive Receipt With Structured Settlements

Posted on October 04, 2010
Pardon me while I adjust my "toque blanche" to address the Yahoo query "in a structured settlement agreement to avoid constructive recipe the funding annuity is usually by whom?" The question can best be answered by having a look at...

Imperial Factoring Company Exec Testifies Discount Rates "Averaging 18-20% a Year"- Report

Posted on October 03, 2010
RSL Funding proboscis, "Stewie" Feldman has a simple message for Imperial Funding's Structured Settlement buying operation: It's about time the structured settlement factoring industry started asking questions of itself, particularly with the abject failure of states and the federal government...

AIG: The Short and "Winding Down" Road With Imperial Holdings

Posted on October 01, 2010
? Imperial Holdings has issued a revised S1 in conjunction with its Initial Public Offering (IPO). It includes the following: On September 30, 2010, we entered into a wind down agreement with Slate (A unit of AIG whereby as of...

Structured Settlement News: Website Traffic Rankings October 2010

Posted on September 29, 2010
Which legitimate structured settlement industry websites are getting the most Internet traffic? Three Month Trailing Top 10 Global Traffic Rank (Alexa Rank as of 09/28/2010) of Structured Settlement and Settlement Planning Industry websites* (+ or- traffic from 08/29/2010 report)...

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If Christine O'Donnell Can Do It Why Can't Certified Structured Settlement Consultants?

Posted on September 28, 2010
The remaining shameless credential puffers of the NSSTA have a new "role model" in Christine O'Donnell, the Delaware Senate nominee. According to "The Sarge", Greg Sargent over at the Washington Post, in this article, O'Donnell listed the following under education...

Peachtree Structured Settlement Funding : Huge Opportunities Abound For Those Who Want To Compete

Posted on September 28, 2010
Peachtree Financial Solutions announced that "it signed an exclusive agreement with a large European financial institution to sell its originations of life contingent structured settlement payments. ?Having recently closed the first closed-end fund of its kind, Peachtree now demonstrates continued...

The Morning (star) Chill Blows in on Bond Funds

Posted on September 27, 2010
If you financial adviser is recommending a bond fund over the "ultimate* in predictable income" of a structured settlement you better read this: "Your bond fund may be riskier than you think. For years, the fund industry and research firms...

Structured Settlement History: At Least 5% of SSP "Best Settlement Planners" Appear Not To Know It

Posted on September 26, 2010
For a professional society that is presented by its founding President as having the "best settlement planners", there seems to been alot of fuzzy math and fuzzy facts. "Some fifteen years ago the Internal Revenue Service created an opportunity for...

Risks of Investing in Structured Settlement Factoring Deals

Posted on September 24, 2010
Pete Vodola of West Hartford, Connecticut's Seiger Gfeller Laurie, LLP has begun a welcome blog series covering the risks of investing in structured settlement payment rights. Before investing money one must understand the upside AND the downside, even if remote...

Structured Settlements: Liberty Life Assurance of Boston Strengthens Guarantee of Qualified Assignment Company

Posted on September 24, 2010
Liberty Life Assurance Company of Boston, a subsidiary of Liberty Mutual Insurance Company has made a significant improvement to its structured settlement product offering. Effective November 1, 2010 qualified structured settlements assigned to Liberty Assignment Corporation will carry the guarantee...

Annuitize Part of Annuity, Continue to Defer Part of Annuity HR 5297 Passed by Senate

Posted on September 22, 2010
If you hold an annuity outside of a retirement plan it may get easier to annuitize only a portion of your annuity contract while allowing the remaining amount to grow tax-deferred The small-business lending bill HR 5297 which just passed...

Individual Health Premium Revenues Rose 15% Nationally in 2009 Says NAIC Report

Posted on September 20, 2010
Individual health insurance premium revenues rose 15 percent in 2009, according to a report from the National Association of Insurance Commissioners (NAIC). The report was based on company annual financial filings to the NAIC. It was not a complete depiction...

New York Structured Settlement Protection Act Amended

Posted on September 20, 2010
New York Governor David A. Patterson signed into law bills S3681/A6766, which served to amend General Obligations Law Section 1705, a portion of the New York Structured Settlement Protection Act Approval of transfer shall be by a special proceeding brought...

Immediate Annuties: "The Ultimate in Predictable Income", Says Investment News

Posted on September 19, 2010
A diverse collection of safe income producing strategies, including immediate annuities, is important for a comfortable retirement according to Five Ways To Boost Retirement Income, an article by Jeff Benjamin in Investment News (a publication which claims to be "the...

Cash 4 Structured Settlements Video Says "Back Up Trucks". We Say "Down on Your Luck? Don't Be a Shmuck!"

Posted on September 19, 2010
A Las Vegas "cash now pusher" suggests that trading your structured settlement for cash is not just a back up the truck move, but a back up the trucks move. Annuity campus "Professor" Robert C Eldridge Jr, 36, of Las...

Depth and Breadth of Recent Ponzi Schemes Presents Chilling Reminder to Be Vigilant

Posted on September 17, 2010
The depth and breadth of Ponzi schemes in widening (literally). The Rogues Gallery... . A. It was reported on September 13, 2010 that Michael Goldberg 39 (left), formerly of Wethersfield, CT, pleaded guilty to operating a $100MM Ponzi scheme over...

"If You Insist on Your Own Adviser Your Case Goes on Back Burner"

Posted on September 17, 2010
One Long Island plaintiff lawyer that we know purportedly was told that if he insisted on his own adviser with respect to any structured settlement the case would go on back burner and it would delay his getting paid. First...

Is PennantPark Bentzen's New Funding Source?

Posted on September 17, 2010
SSP Treasurer Rhonda Bentzen had been flapping her gums about a new funding source (for structured settlement factoring transactions) since February, but the name has been a mystery to many. Judging by the rising search inquiries on Alexa is that...

Connecticut Health Insurers Seeking Immediate Increases in Premiums of 20% Plus

Posted on September 16, 2010
Connecticut Heath Insurers have thrown gas on the fire by seeking immediate 20% increases in rates, according to a September 15, 2010 report in the Hartford Courant. Rising medical costs and federal health report laws were cited reasons. Whether the....

Texas Insurance Dept. Moves to Mitigate Plaintiff Harm From Dishonest Lawyers: Encourages Payee Notification

Posted on September 16, 2010
To prevent the "misdirection, misapplication and improper use of insurance settlement payments" by claimants' representatives, Texas Insurance Commissioner Mike Geeslin asks insurers to implement "payee notification" policies. In its August 31, 2010 bulletin posted on the Texas Department of Insurance...

What Discount Rate Do Those "Need Cash Now" Companies Charge?

Posted on September 16, 2010
The above question was Binged today and the answer is that it the discount rates vary widely by comapny, by type of cash flow and whether or not the discount rate includes legal fees and other charges or costs to...

The Great Pretender: A Little Embellishment from SSP Founder

Posted on September 15, 2010
Picture Jack Meligan belting out the Freddie Mercury classic "The Great Pretender" as part of his latest scare tactic, the conclusion of which is to misrepresent that the best settlement planners are members of the Society of Settlement Planners (SSP)...

Danger Lurks in Trusting Non-Experts for Financial Advice in an Underegulated Industry

Posted on September 13, 2010
Juhanni Tonti B Sc (left) is the author of a "Purchasing Structured Settlements: 5 Profitable Reasons". Don't trust the Cheshire Cat smile, because in my opinion the guy dispenses bogus advice on the subject. Tonti "Because the federal administration has...

Pacific Life Eliminates Structured Settlement Lock In Fees*

Posted on September 13, 2010
Pacific Life and Annuity Company has announced that it is eliminating structured settlement lock in fees on all cases, effective immediately. Cases that are funded beyond the anticipated lock in date will be able to maintain the same cost provided...

Lawyers Structured Settlements' "Mis-Guidelines"

Posted on September 12, 2010
Lawyers Mutual Insurance Company's subsidiary Lawyers Structured Settlements, a Cary, North Carolina associate of Structured Financial Associates gets Wall of Shame "credit" this week for posting structured settlement guidelines that are replete with errors...

Rescue Capital Does "The Pee Wee Herman"

Posted on September 10, 2010
Rescue Capital, the Philadlephia based specialty finance firm is bringing back an old PeeWee Herman favorite, "The Word of the Day" On August 3, 2010 the Recscue Capital " Word of The Day" was Cost of Living Adjustment (COLA). Here...

Accused Brooklyn "Ponzi Punk" Sues SEC for $250MM in Porno Libel

Posted on September 10, 2010
Philip Barry, the Brooklyn Ponzi punk who allegedly bilked more than 800 people of their life savings after promoting himself as a financial adviser, has now filed a libel suit against the Securities and Exchange Commission ("SEC") over accusations that,...

Disgorge Tex and the Life Settlements

Posted on September 09, 2010
In what is sure to be a chilling tale of the need for greater regulation in an unregulated business, a federal grand jury in Richmond has indicted three Texas men for allegedly defrauding investors in their life insurance settlement businesses....

Secondary Market Portal Brazenly Using Structured Annuity Insurers Trademarked Logos to Market Factored Structured Settlements!

Posted on September 09, 2010
Annuity FYI is a website, owned by a Florida Company that is currently using the trademarked logos of the major life insurance companies that issue (or have issued) structured annuities to market secondary market offerings. http://www.annuityfyi.com/compare-secondary-market-immediate-annuities...

Secondary Market Portal Brazenly Using Structured Annuity Insurers' Trademarked Logos to Market Factored Structured Settlements!

Posted on September 09, 2010
Annuity FYI is a website, owned by a Florida Company that is currently using the trademarked logos of the major life insurance companies that issue (or have issued) structured annuities to market secondary market offerings. http://www.annuityfyi.com/compare-secondary-market-immediate-annuities...

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