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Structure Broker Lawsuit Dismissed

Todd Kipnes - Tuesday, April 29, 2014

In March 2013, Paul Isaac and Paramount Settlement Planning, Inc. -- a Buffalo-based affiliate of Creative Capital, Inc.-- sued Medical Liability Medical Insurance Company (MLMIC), and five structured settlement brokers, including KCG, for allegedly violating state antitrust law. We are pleased to report that the suit has been dismissed in its entirety, with prejudice, for failure to state a claim.

From the start, we believed the action against KCG to be frivolous, utterly without merit, and a waste of the parties' and the court's time and resources. We are pleased with the result.

The entirety of Erie County Supreme Court Justice Timothy J. Walker's Decision can be found here. We will post a more comprehensive treatment of the Decision in our Commentary section shortly.

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Kipnes Crowley Group LLC
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