Legal Opinion
In re 321 Henderson Receivables Origination, LLC
New York Supreme Court
Decided January 2, 2008PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Charles J. Markey, J.
*505The Structured Settlement Protection Act (General Obligations Law § 5-1701 et seq.) was enacted in 2002 as a result of factoring companies using “aggressive advertising, plus the allure of quick and easy cash, to induce settlement recipients to cash out future payments, often at substantial discounts, depriving victims and their families of the long-term financial security their structured settlements were designed to provide” (Assembly Mem in Support, 2002 McKinney’s Session Laws of NY, at 2036). Under this law, such transfers are now prohibited…
2Cases cited5 opinions
- Sillman v. Twentieth Century-Fox Film Corp.New York Court of Appeals · 1957
- Singer Asset Finance Co., LLC v. WynerSupreme Court of New Hampshire · 2007
- C.U. Annuity Service Corp. v. YoungAppellate Division of the Supreme Court of the State of New York · 2001
- Singer Asset Finance Co. v. BachusAppellate Division of the Supreme Court of the State of New York · 2002
- Chapin v. ChapinAppellate Division of the Supreme Court of the State of New York · 2002
3Cited by3 opinions
- SETTLEMENT CAPITAL CORPORATION, INC. v. PaganDistrict Court, N.D. Texas · 2009
- J.G. Wentworth Originations, LLC v. HallNew York Supreme Court · 2014
- RSL-3B-IL, Ltd. v. the Prudential Insurance Company of America and Prudential Structured Settlement Company F/K/A Prudential Property and Casualty Insurance Company of Holmdel, New Jersey, Texas Court of Appeals, 1st District (Houston)2015