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July 01, 2014

Structured Settlement Quotes (SSQ )| Where's "Brad Jones"?

by Structured Settlement Watchdog® ® ®

How could it be that Structured Settlement Quotes ("SSQ"), an entity that advertises that it " is America's #1 Structured Settlement Marketplace having served over 11,000 customers and transacted more than $500 million in payments since 2007, and counting" and lists a solitary Hartford, CT address, is nowhere to be found, when "the rubber hit the road? (emphasis added)

SSQ is a named defendant in a lawsuit which also names Genex Capital and Genex Strategies, Inc.

As part of its motion for limited discovery filed last week, Woodbridge sought leave to conduct limited depositions to assure proper service over SSQ (which the Connecticut District Court granted) stating:

"Plaintiff has been attempting to effectuate service upon Defendant Structured Settlement Quotes ("SSQ"), thus far without success. This entity is not registered with the Connecticut Secretary of State. It is, however, registered with the Connecticut Better Business Bureau ("BBB"), and lists its address as 100 Pearl Street, 14th Floor, Hartford, Connecticut. See Exh. A (copy of that entity's BBB's webpage). Upon information and belief, 100 Pearl Street is the location for a Regus Business Center, a company which, according to its website, offers fully furnished, staffed and equipped offices on a temporary basis. When Plaintiff engaged a Marshal to serve SSQ at that address, he was told that while representatives of SSQ had used its conference room in the past, the entity was not located at that address" (emphasis added).  [Source Pacer.gov  Case 3:14-cv-00214-JAM  Document 19 pgs 1-2]

So where is SSQ located and why isn't that address shown on its website, the website that solicits American consumers and claims to have done so much business?

Woodbridge alleged in its amended complaint that  "SSQ is nothing more than a fraudulent and deceptive scheme designed to mislead and deceive consumers and benefit certain companies and persons, and in particular Genex Capital and persons and companies affiliated with Genex Capital".

 

 

 

 

 

Posted at 07:03 PM |

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Guide to Structured Settlements 2024

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    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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    Ways You Can Structure Your Settlement Payments in 2024. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
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  • Structured Settlement Quote Lock-Ins | What You Need To Know
    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • What Are Structured Settlement Annuities?
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  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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