Legal Opinion
In re Seneca One, LLC
Massachusetts Superior Court
Decided January 25, 2007No. 0602054BPublished
1Opinion of the Court
McCann, John S., J.
INTRODUCTION
This is a civil action pursuant to G.L.c. 231C, §2, (the “Transfer Act”) in which transferee Seneca One, LLC1 (“Seneca”), and payee Heath LeBlanc (“LeBlanc”) have petitioned the Court to authorize and approve a transfer of certain structured settlement rights from LeBlanc to Seneca equaling $59,730.00. In exchange for transferring these future payments to Seneca, LeBlanc would receive a single lump-sum cash payment of $9,478.67. Under the Transfer Act, the Court must approve of any transfer of structured settlement rights. After a hearing on November 17, 2006…
2Cases cited5 opinions
- Rumbin v. Utica Mutual InsuranceSupreme Court of Connecticut · 2000
- In re Settlement Capital Corp.New York Supreme Court · 2003
- In re Settlement Funding of New York L.L.C.New York Supreme Court · 2003
- In re Settlement FundingNew York Supreme Court · 2003
- In re 321 Henderson Receivables Limited PartnershipNew York Supreme Court · 2003