Litigation

Issue of Structured Settlement Broker Factoring Compensation "Has Become Such A Volatile One in The Entire Industry"

By John Darer

Stan K. Harlan is a really decent guy, long time friend and industry colleague. In December 2007 Stan was one of the first structured settlement professionals to voluntarily execute the Structured Settlement Declaration Concerning factoring Business Practices as part of the Structured Settlement transparency Initiative.

Today I received the following puzzling email from him. Download Harlan email 1-28-2009 to JDD

In the email Harlan (1) withdraws the declaration he made under penalty of perjury in December 2007 (2) re-declares one out of the three points in that declaration and then (3) asks to be placed on a list of "the hundreds of others who have elected not to declare" (even though he already has declared and re-declared).

What would prompt a decent guy like Stan Harlan to feel compelled, just when the rubber is about to meet the road, to re-declare "to everyone" part of what he has already declared, and THEN state that he wishes to be included on a list of those who have not declared?

Is it possible that significant pressure has been brought upon this very decent guy by an industry trade association and certain of its members? 

Could this issue be much bigger than anyone dreamed it would be? What could be the explanation for all the kerfuffle?

Full post as published by Structured Settlements 4Real on January 28, 2009 (boomark / email).