Violation of Florida’s Deceptive and Unfair Trade Practice Act, Tortious Interference
Delray Beach, FL (November 14, 2018) – DRB Capital, LLC (“DRB Capital”) announced today that in its continuing effort to clean up the structured settlement factoring swamp, the company has filed a lawsuit against Corey Simpson, Canal Structured Consultants LLC, and two yet unnamed co-conspirators for a variety of illegal acts. The complaint details the systematic theft of DRB Capital’s customers. The allegations include three counts of tortious interference and one count of misappropriation of trade secrets. Based on the unambiguous nature and clear intent of the defendants’ actions, DRB Capital is seeking an injunction, attorneys’ fees, costs, and additional legal and or equitable relief deemed just and proper by the court. The complaint was filed with the Florida Circuit Court in Palm Beach County Court.
A spokesman for the company said, “In DRB’s opinion, a number of bad actors are engaged in illegal, unfair and abusive/deceptive behaviors and these firms have besieged legitimate companies and consumers in this market. We are committed to rooting them out and bringing them to justice with direct legal actions against the individuals responsible for this reprehensible conduct.”
DRB Capital recently established the “Stop Structured Settlement Fraud” bounty program and tip line to pay awards totaling up to $100,000 to reward individuals who come forward with information proving violations of various laws in connection with the business of purchasing structured settlement payment rights. Violations include violations of state structured settlement protection acts, improper forum shopping, violations of state and federal deceptive and unfair trade practices act, and federal excise tax evasion.
Since the bounty program’s launch in August 2018, DRB Capital has awarded one payout and received numerous tips and credible information about these unfair, deceptive and abusive activities. Many of these violations are criminal in nature, including the routine falsification of information submitted to state courts as part of structured settlement transfer petitions.
About DRB Capital, LLC: DRB Capital is a leading purchaser of annuity payments and payments from structured legal settlements. The company offers liquidity and optionality to prospective sellers in need of cash who receive guaranteed and/or life-contingent structured settlements or annuity payments.