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Legal Opinion

In re Settlement Funding of New York L.L.C.

New York Supreme Court

Decided May 20, 2003PublishedCited by 13 opinions

1Opinion of the Court

*722OPINION OF THE COURT

James B. Canfield, J.

Petitioners Settlement Funding of New York L.L.C. (Settlement L.L.C.) and Neil Cunningham (Cunningham) move pursuant to General Obligations Law § 5-1706 for judicial approval to transfer a portion of Cunningham’s structured settlement to Settlement L.L.C.

The Structured Settlement Protection Act (SSPA), General Obligations Law § 5-1701 et seq., was enacted as a result of concern that structured settlement “payees,” such as Cunningham, are especially prone to being victimized and quickly dissipating their awards. The SSPA protects payees from being taken…

2Cited by13 opinions

  1. In re Settlement Capital Corp.New York Supreme Court · 2003
  2. in Re J. Rains, Annuitant, Texas Court of Appeals, 7th District (Amarillo)2015
  3. In re Settlement FundingNew York Supreme Court · 2003
  4. In re 321 Henderson Receivables Limited PartnershipNew York Supreme Court · 2003
  5. In re CabreraNew York Supreme Court · 2003

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