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SETTLEMENT FUNDING v. RAPID SETTLEMENTS

No. 16-20109.

851 F.3d 530 (2017)

SETTLEMENT FUNDING, L.L.C.; Peachtree Settlement Funding, L.L.C.; Evelyn E. Franklin, Plaintiffs-Appellants Cross-Appellees v. RAPID SETTLEMENTS, LIMITED, Rapid Management Corporation; Stewart A. Feldman, Defendants-Appellees Cross-Appellants and RSL Funding, L.L.C., Defendant-Third Party Plaintiff-Appellee Cross-Appellant v. J.G. Wentworth S.S.C., L.P.; JGWPT Holdings, L.L.C.; JLL Partners, Incorporated; David Miller; JG Wentworth Originations, L.L.C., Third Party Defendants-Cross-Appellees.

United States Court of Appeals, Fifth Circuit.

FILED March 22, 2017.

Attorney(s) appearing for the Case

Lawrence Bradley Hancock, Esq. , Christopher David Johnsen , Holland & Knight, L.L.P., Houston, TX, for Plaintiffs-Appellants Cross-Appellees.

Lawrence Bradley Hancock, Esq. , Christopher David Johnsen , Holland & Knight, L.L.P., Houston, TX, for Third Party Defendants-Cross-Appellees.

Paul Jonathan Brown , Greenberg Traurig, L.L.P., Houston, TX, for Third Party Defendants-Cross-Appellees J.G. Wentworth S.S.C., L.P., JGWPT Holdings, L.L.C., JLL Partners, Incorporated, David Miller.

Michael Alan Choyke, Esq. , Wright & Close, L.L.P., John Robert Craddock , Counsel, Feldman Law Firm, L.L.P., Houston, TX, for Defendant-Third Party Plaintiff-Appellee Cross-Appellant.

Edward John Gorman , John Robert Craddock , Counsel, Feldman Law Firm, L.L.P., Houston, TX, for Defendants-Appellees Cross-Appellants.

Before JOLLY, SMITH, and PRADO, Circuit Judges.

This dispute arises between two companies in the secondary market for structured settlement payments: Peachtree and Rapid.1 These two companies are in the business of identifying individuals who are the beneficiaries of structured settlements, which provide a stream of payments, much like...

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