According to published reports, Judge Marvin J. Garbis ruled against David Springer and Sovereign Funding Group’s motion for summary judgment in favor of plaintiff Woodbridge Structured Funding, LLC. (Woodbridge Structured Funding, LLC v Sovereign Funding et al. Civil action No. MJG-11-3421)1
The judge issued a scheduling order requiring all fact discovery be completed by December 31, 2012. Woodbridge’s complaint states that the defendants allegedly utilize unfair competitive practices including trademark infringement, false advertising, libel, defamation and product disparagement.
Previously, structured settlement factoring company and competitor J.G. Wentworth filed a similar lawsuit against Springer and Sovereign Funding accusing the Maryland based company of comparable allegations as the Woodbridge lawsuit. That lawsuit was settled in March 2012.
In February 2012, it was reported that several other companies/individuals were also victims of the alleged SEO tactics of Sovereign Funding and/or its SEO vendors including MetLife, Pacific Life and industry blogger John Darer.
Rhonda Bentzen, John Darer and 4structures.com, LLC settled their lawsuits on February 23, 2012, according to a joint statement released by Bentzen, Darer and 4structures.com, LLC on March 4, 2012. The terms of the settlement will remain confidential and there will be no further comments by any of the parties.
Bentzen had previously filed a complaint in Williamson County, Tennessee on September 21, 2010 against John Darer and 4structures.com, LLC claiming that Darer published false, outrageous and defamatory states about Bentzen causing irreparable harm. Bentzen worked as a structured settlement broker from 1988 to 2002. Since then she worked in the structured settlement factoring industry market.
John Darer and his company 4structures.com, LLC filed a complaint against Bentzen on December 22, 2011 in United States District Court for the District of Connecticut. The cause of the complaint was stated as Diversity-Libel, Assault, and Slander. Darer is a structured settlement broker, settlement consultant and registered settlement planner as well as an industry blogger.