Trending...
- Community Members and Stakeholders Invited to Help Shape a More Accessible Tacoma
- New England Consulting Partners Celebrates 25 Years of Turnaround Management Solutions
- Simpalm Staffing Launches Tax Preparer Staffing for U.S. CPA Firms
SEATTLE--(BUSINESS WIRE)--On August 3, 2022, Judge Marsha J. Pechman of the United States District Court for the Western District of Washington issued an order granting certification to a nationwide class of structured settlement annuity holders who allege that certain business practices by Symetra Life Insurance and its affiliate Symetra Assigned Benefits Service Company ("SABSCO") violated RICO, the Washington Consumer Protection Act, civil conspiracy, unjust enrichment, and their contractual rights. In this case, White, et al. v. Symetra Assigned Benefits Service Company, the Court certified the following class:
"All persons who are or were, at any time, annuitants of [a structured settlement annuity ("SSA")] that contemplated life contingent payments issued by Symetra and who subsequently sold to a Symetra affiliate the right to receive payments from that SSA in a factoring transaction."
The Court denied Plaintiffs' Motion to Certify a Class as to their breach of fiduciary duty claims. Plaintiffs brought this class action lawsuit on behalf of themselves and all others who, in settling underlying tort litigation, became the beneficiaries of a Symetra Life Insurance structured settlement annuity, and who then sold their future annuity payments to SABSCO or another Symetra affiliate.
Plaintiffs' amended complaint alleges that Defendants solicited Plaintiffs' rights to their future payments as part of a business scheme that used their position of trust as issuer and owner of Plaintiffs' structured settlement annuities. Plaintiffs allege that Defendants leveraged their knowledge and unequal bargaining power to profit by purchasing Plaintiffs' future payments at a steep discount in factoring transactions. As a certified class, Plaintiffs are one step closer to holding Defendants accountable for these practices.
More on Washingtoner
Plaintiffs' Counsel, Alison E. Chase, remarked: "We are gratified that the Court granted certification to a nationwide class in this case, which seeks redress for injured persons and their families who relied upon Symetra to safeguard their long-term financial wellbeing, only to see that trust violated."
The case is:
White, et al. v. Symetra Assigned Benefits Service Company, et al.
United States District Court Western District of Washington
Case No. 20-cv-01866
Learn more about the case here.
Keller Rohrback Attorneys for Plaintiffs are:
Alison Chase
Keller Rohrback L.L.P
801 Garden Street, Suite 301
Santa Barbara, CA 93101
Gretchen Freeman Cappio
More on Washingtoner
Lynn Lincoln Sarko
Adele Daniel
Sydney Read
Keller Rohrback L.L.P.
1201 Third Avenue, Suite 3200
Seattle, WA 98101
About Keller Rohrback L.L.P.
Keller Rohrback L.L.P. is a consumer rights class action law firm with offices in seven locations throughout the country. Keller Rohrback's lawyers have a long history of successfully representing individuals and class members in a wide range of important consumer protection litigation. Keller Rohrback's team of experienced litigators have helped to protect consumers around the country. Our attorneys have obtained judgments and settlements on behalf of clients in excess of $49.85 billion.
Contacts
Alison Chase
805.456.1496
achase@kellerrohrback.com
"All persons who are or were, at any time, annuitants of [a structured settlement annuity ("SSA")] that contemplated life contingent payments issued by Symetra and who subsequently sold to a Symetra affiliate the right to receive payments from that SSA in a factoring transaction."
The Court denied Plaintiffs' Motion to Certify a Class as to their breach of fiduciary duty claims. Plaintiffs brought this class action lawsuit on behalf of themselves and all others who, in settling underlying tort litigation, became the beneficiaries of a Symetra Life Insurance structured settlement annuity, and who then sold their future annuity payments to SABSCO or another Symetra affiliate.
Plaintiffs' amended complaint alleges that Defendants solicited Plaintiffs' rights to their future payments as part of a business scheme that used their position of trust as issuer and owner of Plaintiffs' structured settlement annuities. Plaintiffs allege that Defendants leveraged their knowledge and unequal bargaining power to profit by purchasing Plaintiffs' future payments at a steep discount in factoring transactions. As a certified class, Plaintiffs are one step closer to holding Defendants accountable for these practices.
More on Washingtoner
- Pre-Seed VC Martin Tobias Makes Fundraising Tool Available to Every Startup CEO as Investor Match
- Squaawke releases memorial songs for Canadian woman who Homeland Security detained
- 2027 Health Insurance Open Enrollment
- Gahl Sasson Releases "Agents of Chaos & Angels of Change: The Astrology of 2027
- Spokane Police is Seeking Assistance Locating a Missing Adult Male
Plaintiffs' Counsel, Alison E. Chase, remarked: "We are gratified that the Court granted certification to a nationwide class in this case, which seeks redress for injured persons and their families who relied upon Symetra to safeguard their long-term financial wellbeing, only to see that trust violated."
The case is:
White, et al. v. Symetra Assigned Benefits Service Company, et al.
United States District Court Western District of Washington
Case No. 20-cv-01866
Learn more about the case here.
Keller Rohrback Attorneys for Plaintiffs are:
Alison Chase
Keller Rohrback L.L.P
801 Garden Street, Suite 301
Santa Barbara, CA 93101
Gretchen Freeman Cappio
More on Washingtoner
- LocalsVoted Launches: Local Rankings From Phone-Verified Votes, Not Paid Placement
- Tacoma: Homicide Arrest – 1100 Commerce Street
- Tek84 Unveils New Brand Identity Built to Magnify What Security Officers Can Do
- CoreVar Announces Cooking with AI, an Eight-Topic Live Webinar Series
- Spokane Police Department Makes Arrest in a Decades Old Homicide
Lynn Lincoln Sarko
Adele Daniel
Sydney Read
Keller Rohrback L.L.P.
1201 Third Avenue, Suite 3200
Seattle, WA 98101
About Keller Rohrback L.L.P.
Keller Rohrback L.L.P. is a consumer rights class action law firm with offices in seven locations throughout the country. Keller Rohrback's lawyers have a long history of successfully representing individuals and class members in a wide range of important consumer protection litigation. Keller Rohrback's team of experienced litigators have helped to protect consumers around the country. Our attorneys have obtained judgments and settlements on behalf of clients in excess of $49.85 billion.
Contacts
Alison Chase
805.456.1496
achase@kellerrohrback.com
0 Comments
Latest on Washingtoner
- Sycamore Dove Releases "Loving Every Moment"
- Tacoma: Homicide Arrest – 1100 Commerce Street
- Hospital Direct Medical Equipment Company Seeing Growth in Used Refurbished Medical Equipment Sales
- Scoop Social Co. Brings Its Signature Mobile Dessert Experience to Nashville
- Soft & Sweet Unveils New Studio Location and Website for All-Natural Sugaring in Las Vegas
- Beyond Popularity Rankings, The World's No.1 Superstar® Wins Best Pop Music Video for "Under Your Spell"
- Spokane: SPD Seeks the Public's Assistance in Locating 94-year-old man
- Simpalm Staffing Launches Tax Preparer Staffing for U.S. CPA Firms
- ASSIST Software Wins Volkswagen Challenge for Automated Quality Inspection
- National Literacy and Workforce Readiness Crisis Sparks New Program Launching in Birmingham
- New England Consulting Partners Celebrates 25 Years of Turnaround Management Solutions
- RAS AP Consulting Releases Educational Resource to Help Organizations Prepare for IRS FIRE-to-IRIS Transition
- Roots, Rhythm & Joy Invites Neighbors to Find Community Through Music
- Tacoma: Homicide Investigation – 1100 Commerce Street
- Former Goddard Enterprises Managing Director Anthony Ali Joins STS Capital Partners as Managing Director and Partner
- Heritage at Manalapan Announces Limited-Time Mortgage Rate Buydown on Select Quick Move-In Homes
- Good Organics Now at Pop Up Grocer NYC With October 30 Sampling Event
- KeysCaribbean Announces Temporarily Reduced Rates At Village at Hawks Cay Villas
- Commercial Manufacturing Validation Completed as November 10 FDA Milestone Approaches; Critical FDA Milestone Close: NRx Pharmaceuticals NAS DAQ: NRXP
- Electives Launches "Electives for Everyone," Making Live Expert-Led Learning Available to Every Employee