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Article: Peachtree Settlement Funding Winning Battle Against Insurance Industry; Recent Court Ruling Validates Assignment of Structured Settlement Payments.
- Article from:
- PR Newswire
- Article date:
- November 1, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA, Nov. 1 /PRNewswire/ -- The following release was issued today by Peachtree Settlement Funding:
In the United States District Court in Atlanta, Ga., the insurance industry's continued attempts to declare assignments of structured settlements illegal was dealt another serious blow this past month. Debating whether or not Edwin and Cynthia Biddix had the right to assign portions of their periodic monthly payments from a medical malpractice settlement to Peachtree Settlement Funding, a Norcross, Ga.-based diversified financial services firm specializing in the acquisition of structured settlements and lottery receivables, the court ruled that there was no ...