TRIPP SCOTT’S STEPHANIE ALEXANDER AND BRADY COBB WIN GROUNDBREAKING APPEAL FOR THE LIFE INSURANCE SETTLEMENT ASSOCIATION

Appeal upholds May 2009 ruling

FORT LAUDERDALE, Fla., April 24, 2010 – Tripp Scott today announced that Stephanie Alexander, director, and Brady Cobb, associate, recently won an appeal in Florida on behalf of its client, Life Insurance Settlement Association (LISA).

The appeal upheld a ruling from May 2009 that found that Florida insurance regulators overstepped their authority in seeking transaction information from other states.  In that case, the Florida Office of Insurance Regulation had wanted to create a rule, 690-204.030, that would have required viatical insurance settlement providers to file voluminous and private financial and business information.  The rule was ultimately found an impermissible exercise of legislative authority and therefore invalid. 

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Since its inception in 1969, Tripp Scott has served the legal needs of established and growing businesses, as well as individual clients and their families. The multi-disciplinary firm represents a diverse mix of publicly traded corporations and privately held companies with operations in Florida and around the country. Tripp Scott provides legal and business counsel to clients in the areas of corporate, litigation, aviation, finance and tax, healthcare, real estate, bankruptcy, environmental and entrepreneurial business. For additional information, call (954) 525-7500 or visit the firm’s Web site at www.trippscott.com.