A Hawaii circuit court has authorized Verus Claims Services LLC to serve as a Sub-Qualified Settlement Fund Administrator for individual plaintiffs in the coordinated Maui Fire litigation. The structure is designed to speed up and streamline the transfer of settlement proceeds to fire survivors.
- Judge Peter T. Cahill approved Verus Claims Services LLC to manage Sub-Qualified Settlement Funds for individual Maui Fire plaintiffs.
- The Sub-QSF structure is intended to expedite accurate transfer of settlement proceeds from lead administrator BrownGreer to individual claimants.
- Plaintiffs may use the Sub-QSF to explore settlement planning options such as structured settlements, special needs trusts, and pooled trusts.
- Participation is optional — individual plaintiffs can choose not to use a Sub-QSF or opt out at any time.
- Law firms representing plaintiffs in the proceeding can elect to use Verus by filing a separate court order designating the firm for their cases.
Source: Prweb
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