Class Certification Denied, Summary Judgment Granted In Annuity Payments Suit

Mealey's (September 14, 2021, 8:31 AM EDT) -- PHILADELPHIA — A Virginia man who entered into multiple transactions with companies that purchase future settlement annuity payments and then sued, largely alleging violations of the Racketeer Influenced and Corrupt Organizations Act (RICO), failed to show that common issues predominated or that he was an adequate representative of his proposed class and failed to demonstrate that a genuine dispute of material fact existed, a federal judge in Pennsylvania ruled in two separate memoranda issued Sept. 1....