Handing Down Assets: Structured Settlement Sales Can Help with Estate Planning – CisionWire (press release)
18 May, 2012 18:18 CET If you are receiving a structured settlement, where an awarded sum of money is delivered incrementally over a fixed period of time, it can make sense to think about “cashing out” all or part of your promised capital as part of your estate planning.
Read MoreTransamerica Violates Annuity Exemption In Texas – MarketWatch (press release)
BOCA RATON, Fla., May 18, 2012 /PRNewswire via COMTEX/ — The following is being released by Structured Settlement Institute: A lawsuit in Texas has accused Transamerica Life Insurance Company of violating Texas law exempting annuity benefits, reports the Structured Settlement Institute. In the suit (Cause No.
Read MoreMagnetar Probed Over NIR-Linked CDO – FINalternatives
Magnetar Capital’s name has been bandied about in several collateralized debt obligation investigations in recent years.
Read MoreMaryland Association for Justice Suggests Strategic Capital to Members – PR Web (press release)
New York, NY (PRWEB) May 18, 2012 The Executive Director of the Maryland Association for Justice, Inc., David B. Walls, has written a letter to member attorneys regarding its position on selling structured settlements. Walls clearly states the MAJ position as recommending against such sales.
Read MoreBP Settlement Claimants, Don’t Become a Victim of Factoring Abuse, Too – InjuryBoard.com
Contributor(877) 886-0232 Posted by Hank DidierMay 17, 2012 3:38 PM Friday is the second anniversary of the BP explosion and oil spill that killed 11 workers aboard the Deepwater Horizon rig and sent nearly five million gallons of oil into the gulf. Last month, we all read about the estimated $7.8 billion settlement reached on behalf of thousands of claimants for economic loss and medical claims as a result of the disaster
Read MoreJG Wentworth Sued For Deceptive Trade Practices – Sacramento Bee
BOCA RATON, Fla., May 17, 2012 — /PRNewswire-USNewswire/ — JG Wentworth parent JGWPT Holdings has been accused of engaging in widespread deceptive trade practices in a recently filed lawsuit.(1) A longtime industry participant alleges Peachtree and Wentworth deceive consumers into believing they are competing with one other, when in fact they are sharing databases which are used to support high rates imposed on consumers. After acquiring their major direct competitor, Settlement Funding, L.L.C. in June 2011, Wentworth fired 153 employees, virtually Peachtree’s entire structured settlement business group, while continuing to market under the former “Peachtree” name using Wentworth’s staff, confusing customers in the process, according to the Structured Settlement Institute.(Logo: http://photos.prnewswire.com/prnh/20120511/DC05398LOGO)Paul McHugh, Vice President of Sales & Marketing at RSL, commented, “Customers call Peachtree and then they call Wentworth, thinking that they are getting competitive bids. What customers don’t realize is that they are calling the same company
Read MoreJG Wentworth Sued For Deceptive Trade Practices – MarketWatch (press release)
BOCA RATON, Fla., May 17, 2012 /PRNewswire via COMTEX/ — JG Wentworth parent JGWPT Holdings has been accused of engaging in widespread deceptive trade practices in a recently filed lawsuit.(1) A longtime industry participant alleges Peachtree and Wentworth deceive consumers into believing they are competing with one other, when in fact they are sharing databases which are used to support high rates imposed on consumers. After acquiring their major direct competitor, Settlement Funding, L.L.C. in June 2011, Wentworth fired 153 employees, virtually Peachtree’s entire structured settlement business group, while continuing to market under the former “Peachtree” name using Wentworth’s staff, confusing customers in the process, according to the Structured Settlement Institute
Read MoreWisconsin Insurance Commissioner Approves Ambac’s Exercise of Surplus Note … – MarketWatch (press release)
NEW YORK, May 16, 2012 (BUSINESS WIRE) — Ambac Assurance Corporation (“Ambac Assurance”) today announced that it has received approval from its regulator, the Wisconsin Office of the Commissioner of Insurance (“OCI”), and the Commissioner in his capacity as the Rehabilitator of the Segregated Account of Ambac Assurance Corporation (“Segregated Account”) to exercise call options to purchase approximately $939 million in aggregate par amount of surplus notes issued by Ambac Assurance on June 7, 2010, for an aggregate cash payment of approximately $278 million. As previously announced on May 10, 2012, Ambac Assurance’s board of directors approved the exercise of such surplus note call options. The approvals of OCI and the Rehabilitator are conditioned upon receipt of approval of the Circuit Court of the State of Wisconsin in Dane County (“Rehabilitation Court”)
Read MoreForum National Investments Announces Formal Negotiations With ALIYA LifeSpan LLC – MarketWatch (press release)
VANCOUVER, BRITISH COLUMBIA, May 15, 2012 (MARKETWIRE via COMTEX) — Forum National Investments Ltd. (OBB:FMNL) (“FORUM”) announced today May 15, 2012, that it is in formal negotiations with ALIYA Lifespan LLC (“ALIYA”) on a working agreement to potentially merge their business interests in the US Life Settlement marketplace. FORUM CEO Dan Clozza stated today that ongoing discussions on the terms of a deal have been taking shape with ALIYA since December 2011 and this is a significant milestone to formulating an agreement that would be presented to our Shareholders over the coming months
Read MoreIntel Boss To Testify In Battle Royale Between HP and Oracle – Wired News
Paul Otellini is set to testify in a dispute between Oracle and HP.
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