terry's takes
Filtered by category: structured settlementJune 16, 2023
11th circuit court of appeals, adult protective services act, structured settlement, vulnerable adultCordero v. Transamerica Annuity Service Corporation
The Eleventh Circuit upheld the dismissal of a case involving structured settlement assignments that disadvantaged a vulnerable adult. The court ruled that Florida’s Adult Protective Services Act claim was insufficient due to lack of intent to exploit, and New York law didn’t support breach of contract. The case highlights legal complexities around structured settlements and the protection of vulnerable individuals.
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