Trending...
- Parksy (parksy.com) Tackles the Most Common Parking Problem Nobody Talks About: Finding the Car Again
- City of Spokane Issues First Rebuild Permit Following Spokane Complex Fires
- Spokane: Male Arrested After Starting A Fire Ddowntown
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
- ChargeOn Announces Conversational Payment Management Solution
- South Tacoma Glass Recycling Drop-Off Location Closing
- King Larry Steps Into His Moment With Music, Major Performances and a Story Built on Persistence
- Church Tradition Takes an Unexpected Turn at the Ford Community & Performing Arts Center
- Labor Day Observed by City of Tacoma on September 7
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
- Tacoma: Hylebos Bridge to Close September 8 – 10 for Routine Structural Inspection
- Redefining Proactive Care: The Rise of the Hybrid Concierge Medical Model
- As Canada and America Turn on Each Other, These Two Authors Stay On Speaking Terms
- Baba Farid LLC Introduces SpaceGen AI and Mingora AI OS
- GitKraken Names Jim Shaw CEO as Software Teams Move From AI Adoption to Multi-Agent Orchestration
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
- Statement from Tacoma Mayor Anders Ibsen on Fred Meyer Closure
- Steve Thompson Launches StickyHealth to Tackle the Retention Gap in the Growing GLP 1 Market
- Spokane: City Closures Planned for Labor Day
- Qscription Technologies Appoints Dr. Kimberly Beavers as Founding Clinical Advisor
- When Hope Feels Gone, Death2life Is Still Here!
- Sebastian Stroeller Publishes "The MAP Language Canon" — The Complete Practitioner's Guide to Structural Conversation
- OneVizion Appoints Zebra Technologies CIO Matt Ausman to Board of Directors
- GLADYS Magazine Celebrates their 18 Year Anniversary!
- MagicMushroomGummies.org Expands Online Mushroom Product Selection
- New Townhome Building Released at Heritage at South Brunswick, Offering Private Perimeter Setting and Water Views
- Comics Veteran on Return of Teenage Mutant Ninja Turtles Characters, 3-D Projects, Collaboration with Original 'Star Wars' Toy Engineer
- Flexible Plan Investments Announces Retirement of Executive Vice President Renée Toth
- Sensory Education launches new neuro-affirming psychoeducation book, Sensory Diversity
- Break the Resume Mold: Career Valet Changes How Executives Hunt for Jobs
- Spokane: Lions Learning Center planned for Riverfront Park
- Spokane: Council Community Days Celebrating Sandy Williams
- James Dooley Named King of AEO at Ceremony in Leigh, England
- Calling all healthcare process experts: Share your ideas at #HSPI2027 in Orlando
- Central Bag Company Partners with WYSIWYG Marketing and Launches a Modern Industrial Website
- DuoKey launches the World's First Agentic Crypto Agility Platform