Galveston County Appellate Court Reassigns Costs in Structured Settlement Transfer
One driver was seriously injured in a motor vehicle accident. The parties agreed to a structured settlement for the injured driver's compensation. A company offered to buy the right to a portion of the periodic payments. The court approved the transfer of these payments.
Case Information Updated: October 2025
Case Outcome
- Outcome
- Settlement
- Amount
- Undisclosed
- County
- Galveston County, TX
- Resolved
- 2015
Injury & Accident Details
- Injury Type
- Other
- Accident Type
- Other
- Case Type
- Motor Vehicle Negligence, Economic Injury
Case Overview
A plaintiff sustained serious injuries in a 2002 motor vehicle accident. Following a successful lawsuit against the responsible party, the plaintiff entered into a structured settlement agreement, which provided periodic payments for the injuries. An insurance company assumed responsibility for these payments, funding them through an annuity.
In 2015, a different company offered the plaintiff $175,000 in exchange for the rights to a $1,850 portion of each monthly payment. The company filed an application in the County Court at Law No. 2, Galveston County, Texas, seeking judicial approval for this transfer. The original insurance company was served as an interested party.
The trial court approved the transfer. Initially, the court taxed costs against the original insurance company. However, the original insurance company appealed this decision. An appellate court later affirmed the transfer but modified the judgment, reassigning the court costs to the company that acquired the payment rights.
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