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Tag Archives: structured settlements

Frosh backs bill to protect sellers of structured settlements (access required)

Attorney General Brian E. Frosh urged lawmakers Thursday to pass legislation protecting holders of structured settlements, who have already suffered personal injuries, from a “predatory” purchaser who preys on their imminent need for money by offering them just pennies on the dollars due to them.

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Wilner: Judiciary ‘dropped the ball’ on structured settlements (access required)

The Maryland Judiciary should have adopted rules as long ago as 2001 to ensure judges protect recipients of structured financial settlements from being exploited if they choose to sell them for “cents on the dollar” due to an imminent need for money, the chair of the Judiciary’s rules committee told state legislators Thursday.

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Md. Court of Appeals to weigh rule protecting settlement sellers (access required)

Maryland’s top court on Thursday will consider and possibly vote on a proposed rule designed to ensure judges protect recipients of structured financial settlements from being exploited if they choose to sell them to a third party due to an imminent need for money.

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Md. firm sues over claims of faked judicial orders (access required)

Stone Street Capital LLC has sued a Manhattan law firm it retained to seek court approvals for structured settlements, claiming the firm gave them 76 fake judicial orders. The Bethesda-based company, which purchases the rights to structured settlements from individuals ...

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