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SYMETRA LIFE INS. CO. v. RAPID SETTLEMENTS, LTD.

Civil Action No. H-05-3167.

599 F.Supp.2d 809 (2008)

SYMETRA LIFE INSURANCE CO., et al., Plaintiffs, v. RAPID SETTLEMENTS, LTD., Defendant.

United States District Court, S.D. Texas, Houston Division.

March 31, 2008.

Attorney(s) appearing for the Case

Jeff D. Lefkowitz, Andrews Myers et al., David D. Sterling, Jennifer Anne Powis, Maryanne Lyons, Patrick Henry Peters, III, Baker Botts, LLP, Houston, TX, Katherine A. Scanlon, Peter J. Vodola, Pullman & Comley, Hartford, CT, for Plaintiffs.

Stewart A. Feldman, Feldman & Associates, James M. Cleary, Jr., Levon G. Hovnatanian, Martin Disiere et al., Susan Frances Hatcher, The Feldman Law Firm, Houston, TX, for Defendant.

MEMORANDUM AND OPINION

LEE H. ROSENTHAL, District Judge.

This dispute involves the secondary market in structured settlement payment rights. Symetra Life Insurance Co. and Symetra Assigned Benefits Service Co. (together, "Symetra") sued Rapid Settlements, Ltd. ("Rapid"), seeking a preliminary and permanent injunction preventing Rapid from using arbitration to circumvent the requirements of the state structured settlement protection statutes. Specifically...

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