A federal appeals court has declined to revive a lawsuit accusing Pennsylvania structured settlement company J.G. Wentworth of monopolizing its industry, saying the competitor suing did not show it had standing to bring an antitrust claim.
In a unanimous decision on Thursday, a three-judge panel of the 9th U.S. Circuit Court of Appeals discounted arguments by Florida-based Novation Ventures that Wentworth’s control of 75 percent of the structured settlement buying market reduced competition and hurt consumers.
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