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PETERSON v. DISTRICT OF COLUMBIA LOTTERY

No. 95-CV-165.

673 A.2d 664 (1996)

Eugene M. PETERSON, et al., Appellants, v. DISTRICT OF COLUMBIA LOTTERY AND CHARITABLE GAMES CONTROL BOARD, Appellee.

District of Columbia Court of Appeals.

Decided April 4, 1996.

Attorney(s) appearing for the Case

David R. Fontaine, with whom Joe R. Caldwell was on the brief, Washington, DC, for appellants.

Lutz Alexander Prager, Assistant Deputy Corporation Counsel, with whom Charles F.C. Ruff, Corporation Counsel, and Charles L. Reischel, Deputy Corporation Counsel, were on the brief, for appellee.

Before TERRY and FARRELL, Associate Judges, and BELSON, Senior Judge.

FARRELL, Associate Judge:

In November 1986, appellant Peterson won $1,050,000.00 in the D.C. Lucky Lotto Game, payable in twenty annual installments. In 1993 he contracted with appellant Stone Street Capital, Inc. (Stone Street) for assignment of his future payments in return for a present-value lump sum. The contract was contingent on the assignment being honored by the District of Columbia Lottery and Charitable Games Control...

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