The 2012 National Association of Settlement Purchasers (“NASP”) held its annual conference October 17th and 18th in New Orleans, Louisiana. NASP Board Member Structured Asset Funding, LLC (“SAF”) a/k/a 123 Lump Sum’s officers and legal staff were in attendance. The meeting kicked off with a welcome cocktail party attended by member companies, affiliate members consisting of various associated outside counsel from around the country, conference sponsors and guests. This meeting was our largest to date with over 150 individuals attending. We also had over 25 conference sponsors that contributed towards the costs putting on the event including some fabulous meals and guest speakers.
Matt Bracy, outgoing President of NASP opened the meeting with welcoming remarks and introduced Patricia LaBorde as President for the coming year. We then heard industry topics ranging from Legislative Updates, Privacy Issues in Structured Settlement Transactions, Financing Transactions, Issues Facing the Industry to the Application of Securities Law to the Sale of Structured Settlements. That evening, Board President Matt Bracy and Executive Director, Earl Nesbitt presented the 2012 Hamilton Award to Mr. Patrick Hindert, Managing Director of S2KM Limited. This award is presented annually to an individual that has gone above and beyond with his or her work in the secondary market of the sale of structured settlements.
The second day consisted of a panel discussion with two judges that handle many structured settlement transfers. After a few remarks, the audience was invited to ask questions, all of which lead to a very interesting and informative discussion. The afternoon session consisted of two breakout sessions where smaller groups discussed Practical and Ethical Issues in Obtaining Court Approval of Structured Settlement Transactions and Issues in Underwriting of Structured Settlement Transactions. Overall there were eight outside speakers that joined NASP members on a variety of topics making this the most successful meeting ever.