Lawsuit Settlement Funding Company Now Accepting Applications on New Mass Tort Cases
ATLANTA, Feb. 1, 2019 /PRNewswire/ -- Legal-Bay LLC, The Pre Settlement Funding Company, announced today that they will be expanding their mass tort lawsuit funding, with a specific focus on defective Hernia Mesh, IVC Filter, and Pinnacle Hip Replacement device lawsuits. Legal-Bay is a leading personal injury pre-settlement advocate, and is also known as one of the best lawsuit funding companies when it comes to mass tort cases. Legal-Bay works directly with most of the top law firms to provide the best pre-settlement cash advance rates for mass tort clients.
Mass Tort cases typically take a while to go through the courts, and values of these cases can sometimes be unknown. However, Legal-Bay's experienced underwriting team in mass tort litigations is able to properly evaluate the claims and provide a needed cash advance. Patients who have had issues with the cases discussed below could be eligible to receive pre-settlement funding (also known to clients as pre-settlement loan or pre settlement loans) in as little as 24 - 48 hours.
IVC FILTERS
IVC filters are devices which inhibit blood clots in patients, preventing pulmonary embolisms. 80% of the filters sold are put out by C.R. Bard (Eclipse brand Vena Cava filter) and Cook (Celect brand IVC filter). The two companies have come under fire recently for the devices' defective manufacturing including perforations, shifting after implantation, filter fractures, and general ineffectiveness.
A 2018 case of a woman in Georgia suffering from a fractured Bard Vena Cava Filter was recently settled for $3.6MM (Booker vs. C R Bard Incorporated et al 2:16-cv-00474, Arizona District Court) Numerous other plaintiffs have filed claims alleging that the products are defective and have broken and/or migrated, and now require surgery to replace. In some cases, surgery is not an option due to potential life threatening conditions. Complainants claim that the manufacturer failed to offer a warning about the device's defects, and are seeking compensation based on grounds of negligence and breach of implied warranty. A malfunctioning device can threaten injury, and sometimes, even death.
The manufacturers face more than 3800 lawsuits related to design flaws in their products (BARD IVC Filters MDL 2641 Products Liability Litigation USDC Arizona) which is why Legal-Bay has increased their funding capital for plaintiffs seeking compensation from their faulty IVC filters.
HERNIA MESH
Hernia mesh is a flexible, net-like screen used for patching weak areas of a herniated intestine. Most of the hernia mesh in the U.S. is sold by Johnson & Johnson/Ethicon, Bard, and Covidien.
The FDA began recalling certain defective hernia mesh products in 2005, citing everything from packaging errors to physically harmful detrimental effects. Since then, plaintiffs allege that there have been numerous complications post-implantation including infection, pain, sexual dysfunction, erosion, scarring, nerve damage, tissue damage, and even death.
Legal-Bay is currently focusing specifically on Johnson & Johnson's Ethicon Prolene Hernia System cases, as there are over 1500 pending lawsuits involving this product (C.R. Bard/Davol, Polypropylene Hernia Mesh Products Liability Litigation, MDL No. 2846, USDC Southern District of Ohio). The first bellwether trial is slated for December 2019, and Legal-Bay is preparing for a surge of pre-settlement funding leading up to trial.
PINNACLE HIP REPLACEMENT DEVICES
Recipients of certain hip replacement devices have experienced numerous problems post-surgery. Plaintiffs argue that the manufacturer rushed the Pinnacle hips to market with insufficient testing. DePuy was ultimately found guilty of misleading doctors about the device's safety, and did not warn patients of the risk of metal poisoning and tissue damage from the metal-on-metal product. (DePuy Orthopaedics J&J Pinnacle Hip Implant MDL 2244, USDC Texas Northern District). Clients will need to show metallosis (chromium or cobalt in blood from metal in hips) which requires revision surgery to get rid of the blood being poisoned.
Legal-Bay continues to fund many other hip litigations such as the DePuy ASR, Wright, Stryker Rejuvenate, and ABG II hip system cases. Current cases include the recent bellwether lawsuit against Pinnacle in Dallas. Among the reference cases was a group of five Texas plaintiffs who were awarded a $500MM verdict. That sum was later reduced to $151MM, and in a scathing turn of events, the U.S. Court of Appeals granted a retrial.
We believe many of the presently active litigations will be wrapping up soon, and expect to see some of these cases settling for as much as $125k per hip, comparable to the payouts from the Pinnacle Hip Implant lawsuit of 2018.
WHAT THIS MEANS
In light of the millions of dollars in active claims against the aforementioned manufacturing giants, Legal-Bay has budgeted a large portion of their pre-settlement funds toward these mass tort litigations. A lawsuit funding cash advance can be a huge help for plaintiffs waiting for their cases to settle, especially if they are burdened with financial difficulties while out of work due to health issues.
Chris Janish, CEO of Legal-Bay commented, "We have been a leader in mass tort litigations for almost a decade now and have assisted many plaintiffs with getting some cash as their cases painstakingly go through the courts. We are now putting a focus on these three mass tort cases, and welcome plaintiffs with lawsuit funding service needs to apply today."
Legal-Bay reminds plaintiffs that there is no guarantee of a mass settlement amount and the defendant can choose to continue to fight their cases individually. Regardless, Legal-Bay is committing more funding to mass tort cases at this time. If you are involved in a pending lawsuit and are looking for a cash advance now before your case settles, you can fill out an application form at the company's website: http://lawsuitssettlementfunding.com.
You must already have an attorney to apply for funding on your lawsuit. If you do not have existing legal counsel, feel free to contact Legal-Bay and they can assist you with retaining a top IVC lawyer or Hernia Mesh Law firm that works with clients who need funding.
Legal-Bay is also now accepting applications from brokers and mass tort litigation firms in order to properly service their growing cash origination business. If you are a law firm looking to partner with Legal-Bay to obtain the best rates for plaintiff presettlement cash advances, feel free to call Legal-Bay's corporate sales office at: 973.857.1000.
Legal-Bay is also committed to helping victims of car, truck or boat accidents, hospital or medical malpractice, pain and suffering, and specialize in lawsuit funding for plaintiffs in personal injury cases, including slip and fall, premise liability, product liability, faulty pharmaceutical drugs, as well as wrongful conviction or death, wrongful termination, sexual harassment/abuse or discrimination in workplace, wrongful termination, Jones Act Maritime cases, FELA cases, Labor Law Construction accidents and any civil cases where the plaintiff has already retained an attorney.
Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding, which means you only repay the settlement advance if you win your case. None of the programs should be considered to be a lawsuit loan, lawsuit loans, settlement loans, settlement loan, pre settlement loans, pre-settlement loans, pre settlement loan or a pre-settlement loan.
Legal-Bay can assist you right now with a pre-settlement cash advance on your lawsuit while you are fighting your case. To apply now, go to the company's website at: http://lawsuitssettlementfunding.com
Contact:
Chris Janish, CEO
Email: info@Legal-Bay.com
Ph.: 877.571.0405
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SOURCE Legal-Bay LLC
