The Coloplast mesh insert suit is another typical instance of a medical product intended to provide relief to individuals ended up causing suffering, pain and injury. The Danish manufacturer of the troublesome product has now agreed to cough up as much as $16 million to settle the sea of lawsuits filed across the US by affected individuals.
Healthcare and Personal Injury Lawsuits
At Pegasus Legal Funding LLC Coloplast is not the first instance of personal injury lawsuits arising from defective products. Johnson and Johnson is also currently fighting thousands of lawsuits across the USA for their vaginal mesh which has caused pain and suffering to several women who were prescribed the product to contain incontinence. While pain and suffering is a common thread in all these instances, there is the financial challenge that the affected individuals are subjected to. Absence from work or job loss is often associated with such events. Most lawsuits of this nature take 2 or 3 years or even more at times, before a settlement is reached, or a judgment is pronounced. At Pegasus Legal Funding LLC, we understand the financial challenge at close quarters – thanks to the experience from assisting several litigants with lawsuit cash advance/settlement funding
What is settlement funding?
Settlement Funding or lawsuit cash advance is offered to litigants based on the assessment of the case by their attorney. After your attorney affirms strong chances of your winning the suit, Pegasus Legal Funding LLC, accepts your application for legal funding. Once you are approved after our review process, you are offered an appropriate lawsuit cash advance that is often between 20 and 30% of the projected settlement/award.
Why should you choose settlement funding?
In most instances, the plaintiff (the affected individual) prosecuting a personal injury lawsuit has exhausted his financial resources before exploring his/her options with an attorney. Given the long drawn legal process, most cases are decided only after 2 years or more. Fresh credit is difficult to come by and the credit scores are well below the threshold limits. The settlement funding provided by legal funding companies like Pegasus legal Funding LLC does not require an income verification or credit check. Further, the cash advance when approved, is made against the projected settlement of your lawsuit and classified as a no-recourse loan. Therefore, if, for any reason, you lose the lawsuit, you are not required to repay the lawsuit cash advance made to you.
Speak to us and you will be happy you did!
If you have filed a lawsuit for personal injury and are in need of financial assistance, do not hesitate to use the application on this page call us Pegasus Legal Funding can help you, just call: 855-FUND-YOU / 855-386-3968
.:About the author:.
James Sheridan is the Contracts Manager at Pegasus Legal Funding LLC and is responsible for the final stage of the funding approval process. James focus and priority is delivering to PLF’s clients the funds they need as quickly as possible