US: Competitor claims J.G. Wentworth-Peachtree merger violates antitrust law

A recent lawsuit accuses structured-settlement company J.G. Wentworth of violating federal antitrust law over a 2011 merger.

Novation Ventures filed the lawsuit on Feb. 10 against J.G. Wentworth and Peachtree Financial Solutions, alleging the two companies were looking to monopolize the industry with its 2011 merger. The lawsuit alleges the two companies together control at least 75 percent of the structured-settlement market.

Novation’s suit is seeking more than $15 million. The company is represented by Maxwell Blecher of Blecher Collins Pepperman & Joye, PC

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