ANNAPOLIS, Md. (AP) — Maryland’s attorney general and lawmakers are looking at ways to protect the public from bad deals offered by businesses that have bought legal settlements from lead poisoning victims, such as Baltimore’s Freddie Gray, at a steep discount.
David Nitkin, a spokesman for Attorney General Brian Frosh, said Frosh is working with lawmakers to ensure a court can only approve the transfer of structured settlements if it’s in the best interest of the settlement’s recipient. The attorney general also is working on a plan to better protect victims with more comprehensive regulation of the industry.
In a structured settlement, damages are awarded in personal injury or workers’ compensation cases over a period of time rather than one lump sum.
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If the recipients are greedy enough, or stupid enough, to accept a bad structured settlement it is not the business of government to intervene. Maryland is fast becoming the ultimate nanny state.
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