CGU Life Insurance v. Singer Asset Finance Co.

Blackburn, Chief Judge.

These cases come to us on the grant of interlocutory appeal. They involve issues of first impression as to the limitations on the right of a plaintiff in tort to sell or assign future payments to which such plaintiff is entitled under tax-preferred settlement agreements containing specific language precluding such sale or assignment. CGU Life Insurance Company of America, 1 CGU Annuity Service Corporation, 2 and CGU Insurance Company 3 (collectively CGU) filed the underlying declaratory judgment actions seeking to have the sales of certain of the Revills’ structured…