Novation Ventures, LLC v. J.G. Wentworth Co.

ORDER GRANTING MOTION TO DISMISS [17]

Pending before the Court is Defendants’ motion to dismiss Plaintiffs Complaint for failure to state a claim. (Dkt. No. 17.) After consideration of the papers filed in support of and in opposition to the instant motion, the Court deems this matter appropriate for decision without oral argument of counsel. See Fed.R.Civ.P. 78; C.D. Cal. L.R. 7-15. For the following reasons, Defendants’ motion is GRANTED.

I. BACKGROUND

A. Factual Background

Plaintiff Novation Ventures, LLC is a Delaware limited liability company that is engaged in the business of factoring structured settlement payment rights by buying the right to receive scheduled future payments from settlement recipients who do not wish to or cannot wait years for their annuitized payments. (Compl. ¶ 3.) Defendant The J.G. Wentworth Company, LLC (“J.G. Wentworth”) is also a Delaware limited liability company and is, along with its subsidiaries, “by far the largest participant in the factoring of structured settlements.” (Compl. ¶ 4.) In August 2011, J.G. Went-worth acquired its largest competitor in the market for the purchase of structured settlement payment rights, Defendant Peach…