by Structured Settlement Watchdog
Court scraping is at the center of a Broward County legal controversy according to a complaint filed last month. In its complaint, DRB Capital asserts claims against Defendants for tortious interference and violation of Florida’s Deceptive and Unfair Trade Practice Act [See DRB Capital, LLC, a Delware limited Liability Company v Jacob Joseph & Associates, LLC, a Delaware limited liability company and Joel Gosset, an individual, CACE 17-009260 Download DRB v Jacob Joseph et al] What has got DRB Capital CEO Jim "Terlizzi in a Tizzy" is how court scraping competitor Jacob Joseph & Associates, LLC and Joel Gosset have allegedly profited at their expense.
What is Court Scraping
Court scraping refers to the "scraping" of court records of court approved settlements, or structured settlement transfers, for personal identifiable information that can be used to identify people who are receiving structured settlements so they can be solicited by cash now pushers or companies they outsource to.
Often court scraped annuitants are bombarded with excessive direct mail, harassing phone calls and/or other forms of approach that some have considered to be harassment. One South Carolina annuitant represented she was getting hundreds of calls. Chasing fat profits, come companies scrape the records of recent filings so they can attempt to gazump competitors like seagulls hovering over a fishing boat an ogling the day's catch. Proponents of court scraping say it's good for consumers, particularly those who have not shopped around and detractors say that someone else is swooping into scarf up their hard work.
In its June 8, 2017 news alert, the Philadelphia law firm of Drink Biddle & Reath says that "DRB Capital’s complaint illustrates the dramatic increase in competition among factoring companies over the last few years. As such, structured settlement obligors and annuity issuers must avoid unnecessary involvement in disputes that arise between factoring companies and payees, and ensure that factoring companies do not obtain conflicting orders involving the same structured settlement payment rights".
Who is Jacob Joseph & Associates, LLC?
Tales From the "Court Scraping Annals"
- Jolly Rogers Peachtree "Over Easy" in 5th Circuit Scrape Scrap Over Poached "Huevos Rancheros" March 26, 2017
- Did DRB Capital Previously Benefit From Court Scrape? August 10, 2015
- Courtscrapers Getting More Brazen June 4, 2015
- Court Scraping was Key to JRR Funding/Fairfield Funding Strategy January 31, 2015
- Court Scrapers of Structured Settlement Annuitants for Cash Now Pushers September 5, 2014
- Factoring Company Court Sniffers Should Be Banned July 12, 2007