Entries by lisa

CORDERO CASE RECAP

Patrick Hindert at Independent Life did an excellent three-part blog post on the Cordero Case that was argued before the New York Court of Appeals earlier this year. Part One sets out the facts of Mr. Cordero’s case, and outlines the question that was certified to the New York Court of Appeals: Does a plaintiff […]

DuPont Early Retirement Class Action

Cockerill, et al. v. Corteva, Inc. DuPont Specialty Products USA, LLC, et al. United States District Court Eastern District of Pennsylvania Case No. 21-cv-03966-MMB Case Overview Plaintiffs are participants in the Corteva Pension and Retirement Plan, formerly the U.S. DuPont Pension and Retirement Plan (the “Plan”). Plaintiffs brought this action on their own behalf and […]

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Symetra Litigation – from Life Annuity Specialist

In an article entitled ‘Predatory Behavior Case Against Symetra Moves Closer to Trial’ (August 19, 2022 ed.) Life Annuity Specialist reported on the recent decision by Federal District Court Judge Marsha Pechman to certify a class in the case filed by Edward Stone Law PC, together with co-counsel from Keller Rohrback and Marcus & Auerbach. […]

Pension De-Risking Hits Nine Year High in 2021

Pension de-risking transfers totaled $34.2 Billion in 2021, the highest since 2012. Two of the largest pension de-risking deals of 2021 involved Athene Holdings. Lockheed Martin transferred  $4.9 Billion in pension liabilities affecting 18,000 employees to Athene Holdings effective January 1, 2022. Athene also took on $2.8 Billion in pension liabilities from JC Penny affecting 30,000 retirees. […]

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CFPB Settles Access Funding Lawsuit

On December 17, 2021, the Consumer Financial Protection Bureau settled its lengthy, five-year litigation with Access Funding, LLC, Access Holding, LLC, Reliance Funding, LLC, Lee Jundanian, Raffi Boghosian, Michael Brokowski, and Charles Smith for a paltry disgorgement of $40,000 and a $10,000 civil penalty. The settlement was approved by Judge Ellen Lipton Hollander, who took […]

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Access Funding Indictment

On December 21, 2021, Maryland Attorney General Brian Frosh issued a press release announcing the indictment of three individuals in connection with the Access Funding structured settlement factoring scheme involving victims of lead paint poisoning.  Raffi Michael Boghosian, Charles Edward Smith, and Anuj Sud were charged with Theft Scheme over $100,000 and Conspiracy to Commit […]