In Structured Settlements, Plaintiffs Need Their Own Brokers

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Structured settlement guru Mark Wahlstrom discusses the failure and liquidation of Executive Life Insurance Company of New York (ELNY) and the class action suit that arose out of it, Westrope v. Ringler Associates Inc.. The Westrope case underlines the reality that the brokers for the defense interests in a structured settlement negotiation do not represent the interests of plaintiffs. The structured settlement industry should take the lead in providing useful factual information to people involved in these transactions.

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