Entries by lisa

NFL Race-Norming Settlement Negotiations

Just one day after the NFL announced that it would work to end  the use of “race-norming” in the NFL Concussion Settlement, U.S. District Judge Anita Brody (E.D. Pa.) granted the request of two former Pittsburgh Steelers, Kevin Henry and Najeh Davenport to intervene in the mediation between the NFL and class counsel, Chris Seeger. […]

Gretchen Morgenson Examines Pension De-Risking

Senior financial reporter for the NBC News Investigative Unit, Gretchen Morgenson delved into the issue of pension de-risking in an exposé published on June 14, 2020. Morgenson interviewed Karen Friedman of the Pension Rights Center, and Thomas Gober, a certified fraud examiner who has worked as a consultant to the U.S. Department of Justice, and […]

GE Transfers More Pension Liabilities

General Electric (GE) recently announced that it had transferred $1.7 Billion of its pension liabilities to two insurance companies owned by Athene Holding Ltd.  The two insurance companies are Athene Annuity and Life company and Athene Annuity & Life Assurance Company of New York.  The pension risk transfer, or pension de-risking transfer affects approximately 70,000 […]

Structured Settlement Fraud – Forum Shopping

A factoring company may only file a transfer petition in the seller’s state of residence or domicile. If a factoring company causes a transfer petition to be filed in a state other than the state where the seller lives, then the factoring company is not complying with applicable State and Federal laws. Edward Stone Law […]

#BlackLivesMatter

#BlackLivesMatter This is no time to be silent. To be silent is to be complicit. Edward Stone Law stands in solidarity with the Black community in support of the fight to end racial injustice. In the words of Martin Luther King, Jr., “Injustice anywhere is a threat to justice everywhere.” #BlackLivesMatter

Life Policy Found Void as an Illegal Human Life Wager

In a recent decision issued by the U.S. District Court for the Northern District of Georgia – Atlanta Division, the Court found that an insurance policy taken out on the life of Kelly Douglas Couch and issued by Jackson National Life Insurance Company was void ab initio as “an illegal human life wager.” In a […]

New York Fines Athene $45 Million

Athene Holding Ltd. paid a $45 Million fine to the State of New York for violations related to its pension de-risking business operated by its subsidiary Athene Annuity & Life Corporation. The New York State Department of Financial Services (DFS) discovered that Athene both solicited and did insurance business in New York without a license. […]