LOS ANGELES (Legal Newsline) – A recent lawsuit accuses structured-settlement company J.G. Wentworth of violating federal antitrust law over a 2011 merger with a similar company.

Novation Ventures, LLC, filed the lawsuit on Feb. 10 against J.G. Wentworth and Peachtree Financial Solutions, alleging the two companies were looking to monopolize the industry with its 2011 merger. The lawsuit alleges the two companies together control at least 75 percent of the structured-settlement market. Novation, also a structured-settlement company, said it currently has a 7 percent market share.