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PIASECKI v. LIBERTY LIFE ASSUR. CO. OF BOSTON

Nos. 3-99-0159, 3-99-0160.

728 N.E.2d 71 (2000)

312 Ill. App.3d 872

245 Ill.Dec. 340

John M. PIASECKI, Petitioner-Appellee, v. LIBERTY LIFE ASSURANCE COMPANY OF BOSTON and Keyport Life Insurance Company, Intervenors-Appellants (Stone Street Capital, Inc., Intervenor-Appellee). David E. Piasecki, Petitioner-Appellee, v. Liberty Life Assurance Company of Boston and Keyport Life Insurance Company, Intervenors-Appellants (Stone Street Capital, Inc., Intervenor-Appellee).

Appellate Court of Illinois, Third District.

Rehearing Denied May 18, 2000.

Attorney(s) appearing for the Case

Laura A. Smith (argued), William A. Chittenden III, Peterson & Ross, Chicago, for Keyport Life Insurance Company, Liberty Life Assurance Company of Boston.

Paul J. Gaynor (argued), Alex Pirogovsky, Todd L. Padnos, Schwartz, Cooper, Greenberger & Krauss, Chtd., Chicago, for Stone Street Capital, Inc.

Carl F. Schroeder, Wheaton, for John M. Piasecki.

Justice LYTTON delivered the opinion of the court:

After Donald and Eileen Piasecki (decedents) died in a motor vehicle accident, the co-administrators of the decedents' estates entered into a structured settlement agreement with the original defendants, Nussbaum Trucking, Inc. and Charles Ward (defendants). Two of the decedents' sons, John and David Piasecki (Piaseckis), assigned their future payments under the settlement agreement to Stone Street Capital, Inc. in...

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