Structured Settlement may not be Used for other Litigation
A Staten Island judge rendered an interesting decision concerning loans to litigants in structured settlement cases, and perhaps during litigation. Plaintiff has a structured settlement coming to her, and needed court approval to convert it into legal fees for a custody dispute case. Judge said no.
Case is interesting for two reasons: first, how free are plaintiffs to determine their own economic destiny? second, the court found the lender's interest rate unreasonable.
Read the decision for details.
Post A Comment / Question