The applicant, a person under disability, sought court approval for a full and final settlement of his statutory accident benefits claim, pursuant to Rule 7.08(4) of the Rules of Civil Procedure.
The court approved the proposed settlement of $450,000, which included a structured component, finding it to be in the best interests of the applicant.
The decision also provided important clarification on the practice of pre-funding structured settlements in escrow, affirming that this process is appropriate and necessary to secure precise payment schedules and does not usurp the court's jurisdiction, as funds remain subject to withdrawal or amendment until final approval.