by Structured Settlement Watchdog
Factoring company lawyer Stephen Heretick was elected to the Virginia House of Delegates in November 2015. Since then Heretick has used his legislative privilege to prevent the case from proceeding to some resolution, leaving an astounding 30 outstanding motions in the Terrence Taylor case! Section 30-5 of the Code of Virginia Continuance or time for filing pleading, etc., where party or attorney is connected with General Assembly or Division of Legislative Services. Virginia has no term limits so this baloney can literally go on forever. Heretick's latest motion for continuance was filed October 8, 2020.
Heretick is counsel to a series of structured settlement factoring companies that in aggregate, are alleged to have raided Terrence Taylor's structured settlement payments to the tune of 11 transactions in 2 years. Taylor commenced litigation in March 2015. Structured settlement factoring company plaintiffs have benefited from Heretick's delay tactics. Terrence Taylor''s structured settlement was established after he suffered severe burns as a child and reached a settlement with a space-heater manufacturer that had a lifetime expected payout of $31.5 million. Structured Asset Funding et al. vs Terrence Taylor et al. Case CL15-3022 Portsmouth Circuit Court.
Heretick, individually, is also a co-defendant in a class action lawsuit pending in the Eastern District of Pennsylvania as the alleged central figure in a case involving thousands.