Trending...
- BumblebeeSmart Introduces Rounded Busy Board Set for Preschoolers
- Cut Costs & Boost Profits with the First Major Upgrade in 30 YEARS Replacing Rotary Lasers and Historic Clear Tube Altimeter Bubbles
- TownePlace Suites Prescott Valley, AZ Opens
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
- Lokal Media House Achieves Yelp Platinum Partner Status
- Carrington College in Spokane Announces New Campus Director
- World's First AI-Native Industrial Facility is Under Construction by Carbon AMS with rhobot.ai
- $57 Billion U.S. Marine Industry Presents Major Growth Opportunity for Newly Public Off The Hook Yacht Sales, Inc. (N Y S E: OTH)
- Dr. Alexander Eastman Returns to Suburban Hospital to Deliver Keynote on Crisis Leadership
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
- Spokane City Council Votes on Modification For 2026 City Budget
- Spokane: Council Approves New Transportation Tax on Commercial Parking
- Scoop Social Co.'s Mobile Dessert Truck Business Offer A Lifestyle Of Flavor, Fun, and Freedom
- Own 327 Acres of American Prime Real Estate with 2 Miles Waterfront Worth In Millions for Just $7 — Worldwide Raffle Launched
- Lakefront Acreage in Longwood's Ravensbrook Community Hits the Market
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
Filed Under: Business
0 Comments
Latest on Washingtoner
- Tax Fears and Political Volatility Drive Wealthy UK Residents to Consider Leaving, La Vida Survey Shows
- Titan Steel Buildings Expands Nationwide to Deliver Large Steel Warehouses and Industrial Facilities
- AI Robots Deliver 145% Annualized Returns Amid Market Volatility
- Kaltra Removes Size Barriers for Microchannel Coils with Fully Integrated Large-MCHE Production
- Premium Kitchen Remodeling Services in Camas, WA
- Spokane: Council Members Propose Budget Amendment to Fund Libraries and Public Safety
- Guests Can Save 10 Percent Off New Vacation Rental Homes at KeysCaribbean's Village at Hawks Cay Villas
- Paylode Acquired by Moved to Power the Next Generation of Ancillary Revenue Automation
- Applications Now Being Accepted for Tacoma Municipal Court Judge No. 2 Position
- Spokane: New Automated Traffic Safety Cameras Installed at Intersection of Mission and Greene
- Global Preschool Giants Unite to Celebrate the 12th Anniversary of Badanamu's Hit Song "Ponytail"
- City of Tacoma Observes Thanksgiving on November 27 and 28
- Tacoma Municipal Court Judge Drew Henke Announces Retirement After Decades of Public Service
- America's Leading Annuity Expert Carlton Cap Averil II Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- Cheeron Partners with CRCC to Support Shanghai East Railway Station
- MiBoxer Shines at 2025 Hong Kong International Lighting Fair, Intelligent Lighting Solutions Acclaimed by Global Clients
- Anern Launches the AN-SLZ2 Smart Integrated Solar Street Light
- "Nikko Kitchen," Tochigi Prefecture's New Gourmet Eatery, has Opened Near Tobu Nikko Station
- Michael Gi Delivers Inspiring New Gospel Releases That Lift Hearts and Honor Legacy
- Ashley Wineland To Release Scorching Single and Film Noir Cinematic Video for 'Love Letter'