Allstate Settlement Corp. v. Rapid Settlements, Ltd.
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION
WEIS, Circuit Judge.
State legislation requires court approval of the transfer of future periodic payments provided by a structured settlement of a personal injury claim. In this case, a factoring company sought to evade that requirement by the use of arbitration after a state court refused to approve a lump sum payment in exchange for the rights to future installments. The District Court criticized the factoring company’s practices and entered declaratory as well as injunc-tive relief against it. We will affirm.
I
The receipt of a large sum of money is not always the blessing the…
2Cases cited18 opinions
- First Options of Chicago, Inc. v. KaplanSupreme Court of the United States · 1995
- At&T Technologies, Inc. v. Communications WorkersSupreme Court of the United States · 1986
- Volt Info. Sciences, Inc. v. Bd. of Trustees of Leland Stanford Jr. U.Supreme Court of the United States · 1989
- Southland Corp. v. KeatingSupreme Court of the United States · 1984
- Perry v. ThomasSupreme Court of the United States · 1987
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3Cited by26 opinions
- Century Indemnity Co. v. Certain Underwriters at Lloyd's, LondonCourt of Appeals for the Third Circuit · 2009
- Puleo v. Chase Bank USA, N.A.Court of Appeals for the Third Circuit · 2010
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- City of Philadelphia v. Attorney General United StatesCourt of Appeals for the Third Circuit · 2019
- Symetra Life Insurance v. Rapid Settlements, Ltd.Court of Appeals for the Fifth Circuit · 2014
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