US Supreme Court Rules in Favor of Wal-Mart
The Supreme Court unanimously ruled today that the massive gender bias suit filed against Wal-Mart cannot proceed as a class action. The ruling did not address the merits of the lawsuit, only the question of its size therefore the women are free to pursue the lawsuits individually. The lawsuit would have been the largest class action suit in history involving up to 1.6 million women. The ruling was a big victory for the nation's largest private employer as well as the business community at large and reverses the 9th U.S. Circuit Court of Appeals decision which could have cost Wal-Mart billions of dollars in damages.
The high-profile case could eventually impact nearly every private employer, large and small. With the class action suit off the table, Wal-Mart now has less of a reason to settle with these women. It should be interesting to see how this unfolds in the future.
Ask Rescue Capital: Sexual Harassment
Dear Rescue Capital,
About two years ago I won a sexual harassment case against my former employer. I received a settlement paid out over 20 years. Unfortunately, I have not been able to find a work and I used all my savings while awaiting for my case to be settled. I could really use some cash to get back on my feet and pay my bills. Do you purchase these types of settlements?
Signed,
Still looking for work
Dear Looking,
The short answer: Yes, we can purchase many forms of annuities, even structured settlement annuity payments that don’t fall within the definition of personal physical injuries under IRC 104(a) such as age discrimination, ADA violations, race discrimination, wrongful termination, worker's compensation and sexual harassment. To get a better idea of who much your future payments may be worth, call us at 866.688.3532 for a free no-obligation quote.
Fondly,
Rescue Capital
Have a question about selling your future payments? Send it to rescuecapital@gmail.com
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