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Litigation Financing for Product Liability

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“I was recently involved in my first product liability lawsuit. In fact, it was my first time involved in any lawsuit. My claim seemed ‘cut and dry’ so I had no idea it would take two years to reach a settlement. As the case dragged on, my source of income dwindled. The bills for surgery, physical therapy and rehabilitation alone were more than savings could handle. The inability to work my construction job exacerbated the problem. I refused to lose my home and jeopardize my credit, but did not want to settle for less than my case was worth. Consulting with my attorney led me to what I believe is the best solution for any financially strapped plaintiff. Litigation Funding!”

A product is considered defective if it is unreasonably dangerous, does not carry sufficient warnings or the manufacturer fails to provide complete and adequate instructions for use of the product. The results are often serious, sometimes deadly. Unfortunately, when a victim files a lawsuit, time is usually not on his or her side. Even in “cut and dry” cases, the plaintiff must show that a defect existed, the product was “unreasonably dangerous” to the user, and injuries were caused by the defect. Staying financially afloat becomes more difficult as the case drags on.

Fortunately, litigation funding is a means to help plaintiffs withstand the long legal process, giving their attorney a fighting chance to achieve maximum compensation. Litigation funding is available at any point of the lawsuit, whether in the litigation or appeals process, or just waiting for the settlement check. Funding is based on the merits and strengths of the lawsuit, not personal credit or employment history. Best of all, litigation funding is provided on a non-recourse basis meaning repayment is only made if the plaintiff successfully settles the lawsuit.

If you or someone you know is in need of immediate cash during a product liability lawsuit, don’t wait any longer than you already have. The road to your financial freedom can start today.


Disclaimer: This article is a paid advertisement prepared by Lawsuit Financial Corp. and does not constitute legal or financial advice from Online Legal Media or LawyersandSettlements.com.

READ ABOUT PRE-SETTLEMENT LEGAL FUNDING

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