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FIRST ENGLAND FUNDING, L.L.C. v. AETNA LIFE INS. & ANNUITY CO.

790 A.2d 243 (2002)

347 N.J. Super. 443

FIRST ENGLAND FUNDING, L.L.C., Stephanie Biagiotti, f/k/a Stephanie Stinson, Terry Brewer, Steven Clark, Robert Clifft, Sr., Louis F. Conni, Gordon D. Cunningham, Roy E. Decristofaro, Lela Dunston, Robert G. Gauntt, Kim Greenwood, Billy Joe Hendrix, Denise Hickman, Roderick A. Jackson, John R. Jeffs, Wayne G. Kirkpatrick, Brent Krause, Vickie R. Martin, Billy J. Miller, Omar Morales, Coral Nappo, Bernadette Rhodes, Jason E. Simmons, William D. Stone, Marcella Tatar, Charles W. Tuthill, Jr. and Nancy Wilson, Plaintiffs-Appellants, and Katherine A. Arvantis and Joseph Potter, Plaintiffs, v. AETNA LIFE INSURANCE & ANNUITY CO., Aetna Services, Inc., American Mayflower Life Insurance Co. of NY, Cigna Reinsurance Co., Connecticut General Life Insurance Co., GE Capital Assurance Co., Hartford Casualty Insurance Co., Hartford Life Insurance Co., Hartford Life Insurance Co. of the Midwest, Hartford Underwriter's Insurance Co. of North America, ITT Cebsco/Hartford, Life Insurance Co. of North America, Manufacturers Life Insurance Co. of the USA, Merrill Lynch Settlement Services, National Indemnity Co., Pacific Life Insurance Co., Safeco Life Insurance Co., Twin City Fire Insurance Co., Travelers Casualty and Surety Co., Travelers Indemnity Co., Travelers Insurance Co., and Travelers Life and Annuity Co., Defendants-Respondents.

Superior Court of New Jersey, Appellate Division.

Decided February 8, 2002.

Attorney(s) appearing for the Case

Thomas A. DeClemente, Secaucus, argued the cause for appellants (DeClemente & Associates, attorneys; Mr. DeClemente, on the brief).

Thomas G. Rohback, of the Connecticut bar, Hartford, admitted pro hac vice, argued the cause for respondents Aetna Life Insurance & Annuity Co., Aetna Services, Inc. and Safeco Life Insurance Co. (Le-Boeuf, Lamb, Greene & MacRae, attorneys; Mr. Rohback, of counsel and, with Elizabeth J. Gorman and Gregory W. Kulak, on the brief).

Stephen C. Baker, of the Pennsylvania bar, Philadelphia, admitted pro hac vice, argued the cause for respondents Manufacturers Life Insurance Company, Connecticut General Life Insurance Company, Insurance Company of North America, Life Insurance Company of North America, ACE American Reinsurance Company, National Indemnity Company and Pacific Life Insurance Company (Drinker, Biddle & Shanley, attorneys; Mr. Baker, of counsel and, with Francis X. Manning and Michael J. Miller, on the brief).

Before Judges PETRELLA, KESTIN and STEINBERG.

The opinion of the court was delivered by KESTIN, J.A.D.

This matter, as addressed in the trial court, arose on four complaints, each in multiple counts, seeking declaratory and injunctive relief respecting the assignment of benefits to structured settlements of tort claims. Plaintiff First England Funding, L.L.C. (First England) is the ultimate assignee of each individual plaintiff's structured settlement rights. According to the trial court judge, there were eighty...

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