Structured Settlement / Lottery Prize Transactions
"FACILITATING ACCESS TO YOUR MONEY"
A large part of Sacco & Fillas’ practice is devoted to transactions and litigation involving structured settlement annuity and purchase agreements and loan agreements ("old world deals"), as well as the sale and transfer of structured settlement payment rights and lottery prizes throughout the States of New York and New Jersey. As a long and good standing affiliate member of National Association of Settlement Purchasers, or NASP, Sacco & Fillas remains current not only with the structured settlement industry in New York and New Jersey, but with transfer statutes and legislation (both proposed and enacted) and transfer-related trends throughout the United States.
We believe that the foundation for Sacco & Fillas’ success in the arena of litigation and, particularly, in transfer and lottery prize matters, begins with our knowledge and experience (over fifteen years) of the secondary structured settlement market and all facets of transactions related thereto.
Noteworthy, one of few firms in New York representing the structured settlement industry, Sacco & Fillas has pioneered the fight (both at the trial and appellate court levels) against annuity owners and issuers seeking to uphold the validity and effectiveness of anti-assignment clauses contained in structured settlement agreements.
Sacco & Fillas takes a proactive approach to dealing with complex legal issues, providing clients with the highest standard of legal representation and advocacy. In particular, Sacco & Fillas – having consummated over one thousand transfer transaction as well as lottery prize transactions, having obtained approval of the sale and transfer of more than eighty-five percent of these transactions, and gaining invaluable knowledge of an assigned judge’s procedures with respect to these transactions – proudly speaks of its accomplishments in the structured settlement industry.
Of further note, Sacco & Fillas is a litigation firm, with attorneys licensed to practice law in the States of New York, New Jersey, Connecticut, Florida, Minnesota, and North Carolina. Nine attorneys are fully knowledgeable and capable of handling transfer and lottery related transactions. Sacco & Fillas is fully staffed to support its attorneys in these transactions and jurisdictions. These components are significant because it distinguishes Sacco & Fillas from other New York and New Jersey counsel (whether affiliates of NASP or otherwise).