by John Darer® CLU ChFC CeFT MSSC RSP CLTC
In this video, structured settlement expert John Darer discusses some of the concepts related to New York CPLR Articles 50A and 50B, also known as the New York State Periodic Payment of Judgments Act. This video podcast and others are part of a continuing series intended to be helpful to New York lawyers handling serious personal injury and wrongful death cases in counties throughout New York State. It's also important information for both defendants and plaintiffs who encounter Article CPLR 50A and CPLR 50B statutes, which require future damages over a certain dollar limit* to be paid to the plaintiff or claimant in the form of periodic payments. If you are a New York City or NYC metropolitan area based lawyer, plaintiff, defendant, or claims organization, you will want to know how these laws impact your case or settlement, and whether some factors help determine whether a plaintiff should compromise and settle their case or simply take a CPLR 50A or 50B judgment.
Take New York CPLR 50B Judgment or Take Settlement? December 14, 2010
* since July 2003 medical malpractice cases. where damages are subject to Article 50A, a slightly more formulaic approach is used in determining how much must be in the form of periodic payments, but the gist is the same.
Last updated August 16, 2021