by Structured Settlement Watchdog
Steve Heretick is the lawyer who represented structured settlement factoring companies in court proceedings involving thousands of structured settlement
factoring transactions, in the Portsmouth Circuit Court. A number of those cases are the subject of ongoing litigation, including one in which Heretick is a Defendant and deposed in May 2021 in a lawsuit that alleges he was involved in a scheme to illegally take advantage of thousands of people who received settlements from injuries or workplace accidents. Heretick denies any wrongdoing.
A May 24, 2021 VPM Virginia news article highlighted Heretick's deposition in that matter [See Virginia Lawmaker Steve Heretick Deposed in Alleged Fraud Scheme]
Heretick Slow Walks Taylor Case. So Slow You Could Gain Weight Walking
Heretick is counsel to the remaining of 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 8 of the 11 transactions in 2 years involving Taylor in the Portsmouth Circuit. 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.
Since the Taylor lawsuit was filed in 2015, dozens of motions have accumulated unanswered. Some of those motions have been pending for nearly 5 years or more! Coincidentally Steve Heretick was elected to the Virginia House of Delegates in 2016, not long after the Taylor lawsuit was filed. 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 home town baloney could have literally gone on forever.
But Heretick's "legislative privilege" gun is running out of bullets. Time is counting down for Portsmouth, Norfolk and Chesapeake delegate Steve Heretick who lost to 26 year old Nadarious Clark in Virginia's 79th District Democratic primary.
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