Structured Settlement Cash-outs Examined
A. Christopher Young, a partner with Troutman Pepper, was quoted in the March 29, 2021 Virginia Lawyers Weekly article, " Structured Settlement Cash-outs Examined."
A. Christopher Young of Philadelphia, representing the defendant companies that purchased payment streams, said the court would have to hold multiple mini-trials over what was in the best interest of each seller and what advice the outside lawyers should have given.
"This inquiry is fraught with individual issues that predominate over common issues," Young said.
Young questioned whether the plaintiffs' team could ever prove that the hundreds of participating Virginia attorneys, from hometown lawyers to small firms and even one attorney at a large firm, all "got together and agreed that they were going to abandon their professional duties and responsibilities in order to scheme with Wentworth so that Wentworth could make more money."
"It just doesn't make any sense, your honor," Young said.