Trending...
- City of Spokane Launches New Webpage, Notice Document to Connect Residents with Eviction Prevention Resources
- Tacoma: Homicide Investigation – 800 Block of Martin Luther King JR Way
- City of Tacoma Attracts More Affordable Housing to Proctor Neighborhood
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
- Golden Visa Countries Outpace Eurozone Growth Over Eight Years, New La Vida Analysis Finds
- Allstream Energy Partners Announced as Official Media Partner for the 2nd Annual Permian Power Conference
- ATTENTION: DGCA India & CAAC China — Boeing Quality Chief Doug Ackerman Linked To 24 Year Unaccredited Manufacturing Gap Ahead Of 787 Failures
- City of Tacoma to Implement Temporary Road Closures and Traffic Restrictions on June 12
- Spokane: Notice from SPD as Team Egypt Arrives & FIFA Events Begin
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: Significant Impacts to North-South Travel
- CCHR Calls Out Psychiatry's Pattern of Resistance to Antidepressant Deprescribing
- Boston Industrial Solutions Introduces New Natron® 310 Hyper White UV Ink for Enhanced Printing Performance
- New Tribute Song Celebrating Seattle'
- New analysis reveals second job workers keep just 80p in every pound they earn
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
- Raiku launches rkuSOL with Sanctum, Kamino, Loopscale and Exponent
- Greenland Mines Ltd (N A S D A Q: GRML) Advances Strategic Growth Initiatives as Critical Minerals Demand Accelerates
- Entering the $69 Billion Animal Health Market, Delivering Record Growth, AI-Driven Healthcare Innovation, and Targeting $200 Million Revenue by 2029
- $97.9 Million Q1 Revenue Growth Reinforces Transformation Into a Global AI & Digital Services Powerhouse: IQSTEL, Inc. (N A S D A Q: IQST)
- City of Tacoma Attracts More Affordable Housing to Proctor Neighborhood
- Tacoma: Homicide Investigation – 800 Block of Martin Luther King JR Way
- Spokane: Community Days At City Council Celebrating Student Civic Engagement
- Boston Industrial Solutions Launches Natron® 348 UV Inkjet Ink for Epson S3200 Print Heads
- Heritage at South Brunswick Unveils Luxury Resort-Style Amenities Designed for Every Generation
- Spokane: Working Smoke Alarms Help Seven Escape Early-Morning House Fire
- CAPHRA warns push for ASEAN vape ban ignores science
- Spokane: Egypt National Team to Hold Open Training Session at Gonzaga University Ahead of FIFA World Cup 2026™
- Your Mortgage Toolbox Launches Free Mortgage Calculators That Show the Real Monthly Payment and Cash Needed to Close
- ENTOUCH Recognized on Inc.'s 2026 Best Workplaces List for the Third Year Running
- P-Wave Classics Opens Pre-Orders for Volume II of Robert Bage's Hermsprong
- City of Spokane Launches New Webpage, Notice Document to Connect Residents with Eviction Prevention Resources
- Tuckwell Machinery Launches New Range of Woodworking Machinery
- A Brave Little Hero with Four Paws
- Arux Group CEO Calls on Security Industry to End Hidden Subcontracting and White-Papering
- Revenue Optics Expands Its Private Equity Practice as Sponsors Move Inside Sales to the Center of Distribution Value Creation