by Structured Settlement Watchdog
Lujerio Cordero v Transamerica Annuity Service Corporation a/k/a Wilton Re Annuity Service Corporation FLSD Case 1:18-cv-21665-DPG
Filed: April 26, 2018 Status: Discovery is Ongoing
Lawsuit against assignment company for alleged breach of its contractual and fiduciary obligations under a structured settlement agreement and its failure to act in Plaintiff's best interests by invoking anti-assignment provisions, among other things. Plaintiff is a lead paint victim who had a 30 years certain structured settlement established December 20, 2008. All payments were gone in 6 structured settlement factoring transactions (4 in the Sumter County Florida Court, then a "structured settlement slaughterhouse", 2 in Broward County) from July 11, 2012 to May 15, 2014. Throughout all six sales, the complaint alleged that Lujerio was told only to sign and initial the documents placed before him, with those locations marked for his convenience. He was never told and did not understand the nature or ramifications of what he was signing in exchange for “some” future payments. Told not to bother reading what he signed, and subjectively aware that even reading the documents would be difficult, he complied Lujerio was never told that he had a right to receive independent advice, much less that he should seek such advice or even that there was any reason to do so.
Larry Dockery, on behalf of himself and others similarly situated v Stephen Heretick et al. and New York Life Insurance Company et al. EDPA Case 2:17-cv-04114-MMB Download 15805421-0--3530 Dockery Amended Complaint
Filed: September 2017 Amended Complaint Filed: October 22, 2018 Status: Discovery is Ongoing until June 16, 2020, Ruling in favor of Plaintiffs concerning Discovery from Seneca One Finance Inc. January 9, 2020.
Class action complaint brought to end and remedy a scheme which alleges Defendant purchasers , a lawyer (Stephen Heretick, who is a VIrginia delegate),and other individuals who have joined together to frustrate and evade the requirements of state and federal law designed to protect the beneficiaries of structured settlement annuities. According to the Amended Complaint, Heretick, then a Portsmouth VA City Council member and currently a member of the Virginia House of delegates designed a scheme not to advance the legitimate legal interests of his clients, but instead solely and entirely to defeat the regulatory scheme and to enable sales of plaintiffs' income streams on terms that: a. would never be accepted by a beneficary if the beneficiary had been advised by a well informed and objective advisor; b. would never be approved after receiving a meaningful judicial review. The Complaint also sounds in forum shopping to defeat state an federal law requirements. Thousands of cases are at issue.
Richard A. Tarvin, III, individually and on behalf of others similarly situated , Plaintiff v T he J.G. Wentworth Company; 321 Henderson Receivables Limited Partnership; 321 Henderson Receivables Originations, LLC; J.G. Wentworth Structured Settlement Funding Corporation; and JG Wentworth Structured Settlement Funding II, LLC Defendants EDMO Case Number: 4:19-cv-02860-SRC U Download Class Action Complaint
Filed: October 22, 2019
This action seeks to redress Defendants’ unfair, deceptive and fraudulent conduct that has caused Missouri consumers to not receive the necessary legal advice of disinterested counsel when evaluating offers to purchase structured settlement payments, and subsequently obtain less than the fair value of their settlement to the benefit of Wentworth. Allegation of Defendants' (all related companies) Violations of the Missouri Structured Settlement Act, Missouri Merchandising Practices Act and Fraudulent Misrepresentation
Broward County Florida [Case Number CACE-19-015927] styled Tierra Douglas v Liberty Settlement Solutions, LLC, PF 22 LLC, Marc Hermes, James McCabe, Record Room Productions Inc., Ted Kay, Andre Lyon, Marcello Valenzano and SuttonPark Structured Settlements, LLC Download Amended Complaint in Douglas v Liberty and SuttonPark et al.
Filed: August 2, 2019 Amended Complaint Filed December 10, 2019 Status: Hermes and McCabe filed Motion to Dismiss December 16, 2019 Liberty/SuttonPark Defendants' Motion to Dismiss filed December 19, 2019
Amended Complaint alleges that after bilking the Plaintiff out of $2,000,000 in periodic payments, the defendant companies introduced Plaintiff to other individuals who then bilked her out of another $250,000 in cash. Amended complaint alleges that SuttonPark is the real party in interest after acquiring Liberty and has taken on Liberty's liabilities by operation of law.
Structured Asset Funding, LLC et al v Terrence E. Taylor v Structured Asset Funding, Jay Gee LLC and Isettlements Portsmouth Circuit VA Case No. CL15-3022 See Case summary in my April 24, 2019 post Virginia Delegate Stephen Heretick Blames The Black Amputee Burn Injury Victim and New York Life. A motion by Genex Capital the assignee of one of the streams of payments saw the judge being recused in April 2019. Status: A new judge has been assigned and a new hearing is scheduled for April 2020. A number of pending motions were left in limbo in April 2019 pending assignment of a new judge, adding further delays to a case that has been pending in various courts since March 2015. Taylor was allegedly victimized by multiple structured settlement factoring companies , the last standing being the counter-defendants. The counter-defendants were collectively involved in the majority of the structured settlement factoring transactions, 8 out of the 11 that were approved in less than 2 years in Portsmouth Circuit Court. Download 2017.10.27 Order SAF v Taylor