DePuy Recall Settlement Funding Leads Legal-Bay To Record Revenue

Posted on March 22, 2012 by mike
New York, New York – Feb. 9, 2012- Legal-Bay.com, the industry leader in DePuy Settlement Funding, announced today that they reached a record Jan. in revenue off the strength of their DePuy Hip Recall Settlement Funding Cash Advance products.

The company believes that they are just begining to scratch the surface in funding applications for the many victims of the DePuy Hip Implant Recall.  Johnson & Johnson, trading symbol JNJ on the NYSE, is the parent of DePuy.  J & J has set aside $1bil. to settle DePuy Hip Recall claims.  This could lead to the average settlement amount being over $250K.

Regardless of the ultimate settlement amount, DePuy victims can no longer wait and have been applying for what is referred to in the industry as lawsuit loans or lawsuit cash advances to Legal-Bay.com or to their toll free hotline at 877.571.0405.  Legal-Bay has beefed up staff and is taking applications for pre-settlement funding on DePuy up to $50K, prior to an actual settlement.

Patty Kirby, Director of Customer Relations at Legal-Bay commented, “The DePuy victims are some of the hardest hit clients we have.  Many are disabled due to this product and have no money to help themselves for basic living needs.  We have been actively funding DePuy victims in order to help them make it to their settlement, and live a normal life.”

Applicants can apply online at: Legal-bay.com or call the toll free hotline at 877.571.0405

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DePuy Hip Recall Leads To Sharp Rise In Settlement Funding

Posted on March 14, 2012 by mike

Recently, DePuy and Johnson & Johnson have recalled their hip implant due to poor performance. Over half of its recipients have had to return for multiple hip replacement surgeries and have endured great pain and suffering. What would often happen with these hip replacements is that the parts would actually come loose and fall apart inside of the patient causing muscle and bone damage. Sometimes, the damage was so severe that the victims would be unable to walk. That is why to this date; over 3500 lawsuits have been filed against DePuy and their hip replacement.

Unfortunately, each of these lawsuits is unique and will have to be dealt with on a case-by-case basis. On top of that, the lawyers will have their work cut out for them. DePuy and Johnson & Johnson have brought in a third party claims adjuster to help minimize the payouts to each claim to ensure they lose as little money as possible with each and every claim. As a result, victims will have to wait a very long time for a minimized payout.

History has shown that when a large company is faced with a lawsuit of this magnitude they will do almost anything to slow down the legal process to such a point that the victims are forced into a very dangerous financial position.  While their case is being settled in court, victims are still trying to pay for medical costs for their DePuy hip replacement and every day living expenses. Even with insurance, the hospital co-pays can still cost thousands of dollars. Some insurance companies, but not all, cover physical therapy. Often, this results with the victims being forced back to work (before they are fully healed) in order to cover living expenses while their case is being settled in court.

But for some, this is not an option. Because the injuries from the DePuy hip replacement are so severe and painful, most are unable to pick up hours at work. As a result, most plaintiffs obtain DePuy Hip Implant Settlement Funding. During the lawsuit, victims are able to receive a lawsuit cash advance on their claim before their case is settled in court. This ensures that the victims not only have the money to cover hospital bills, but also able to pay for living expenses for the entirety of their case so that they can recover from their injuries and not be forced back to work before they are fully healed.

If you have pending DePuy Hip Replacement Lawsuit, contact us at LawsuitsSettlementFunding.Com for information about settlement funding.

 

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DePuy Hip Replacement Lawsuits Reach The Thousands

Posted on March 14, 2012 by mike

Since DePuy’s hip replacement recall, there have been over 3,500 lawsuits filed in as little as 18 months. As a result of the massive amount of lawsuits, Johnson & Johnson has decided to contract out to a third party claims adjuster to help settle the thousands of claims and try to alleviate the amount of damages the company will have to pay out to victims of DePuy’s hip implant.  This response has led many to think that the company is looking to settle this matter as quickly and as quietly as possible.

Now, as history shows when a product harms its recipients in such a large magnitude, it usually results in a payout to the victim in one way or another. It has been noted that many victims of the DePuy hip replacement have had to undergo multiple surgeries, where the medical bills could get as high as the hundreds of thousands. In a recent study, it has been found that when the hip implant breaks and/or detaches, it can cause cobalt and chromium metal shavings to enter the bloodstream. As a result, this malfunction could possibly lead to muscle necrosis, which is extremely painful and unfortunately a permanent infliction.

Between the multiple surgeries and the possibility of extensive bone and muscle damage it is likely that some of these victims of DePuy’s defective hip implant will not be able to be fitted for another hip replacement, which means that some may never walk again. By literally crippling its recipients, the victims are put in a dangerous position physically and financially. Since this replacement was marketed to younger patients (those more active and still working full time) the damages were even more apparent. So, most victims of this hip recall are already going for broke BEFORE their lawsuit is even filed.

Unfortunately, because of the massive amount of lawsuits being filed, it could take months or even years before the victims receive any type of compensation. This is because when a company stands to lose a great amount of money, they will make any effort to minimize the payout, which only delays the process immensely and prevents those who have filed DePuy hip implant lawsuits from receiving what is rightfully theirs when they need it the most. Hours lost at work, medical bills, and the inability to walk, run, or live in a reasonable amount of comfort has caused many victims and their families to be put in a financial crisis.

Instead of being forced back to work while injured, some have sought out DePuy hip replacement settlement funding to help weather the storm while their case is being settled in court. In as little as 24 hours, victims can receive a lawsuit cash advance where they can use the advance to pay bills and cover living expenses.

If you have a pending DePuy hip recall lawsuit and are in need of help, contact us today at LawsuitsSettlementFunding.com to receive a lawsuit cash advance.

 

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Lawsuit Funding Assists Depuy Hip Replacement Victims

Posted on January 16, 2012 by mike

As recently stated, DePuy is currently in the process of reimbursing patients who have had the ASR hip replacement, which has been recalled. Like any other company, they are looking to resolve this issue as quickly and as CHEAPLY as possible. If one chooses to settle quickly without the help of a legal expert, they could miss out on full compensation. So far, DePuy has stated that they will only cover medical costs directly associated with their recalled ASR hip replacement. Some would see this as fair, but most see it as the bare minimum.

What most are now finding out is that they are entitled to more than just the bare minimum medical costs, but they are also entitled to be compensated for pain and suffering. Since DePuy has not stated they have any intention of compensating their victims for this, most have now decided to seek legal advice. One has to understand that the injuries sustained from this faulty DePuy hip replacement literally crippled their victims because the replacement itself would actually fall apart inside of the patient, causing fractures that would lead to a second surgery.

As we all know, this is not the first medical product to be recalled. Every year medications and devices are recalled and reworked. When the product has harmed a large mass of its patients, lawsuits tend to pile up fast. In matters such as this, it usually pans out well for the plaintiff. In similar cases, victims were paid out as high as the hundreds of thousands. So how can one avoid getting swindled out of their compensation? The first step is to seek an expert legal representative. Secondly, one should NOT sign any documents without a lawyer present. Because once you have agreed to DePuy’s terms you may have to settle for what they offer, with no chance of receiving any further compensation.

Taking the matter to court will give the victims an opportunity to be fully compensated, but it could take an extensive amount of time before the victims see any of it. This is quite common in serious cases that affect the masses such as this. Simply put, this product unintentionally harmed many, and when there are many to compensate (especially in a large sum) each side must assure that they look out for their best interests: the lawyer fighting for the victim, and DePuy looking for a compromise. As one can imagine, this won’t be solved swiftly.

That is why more and more ASR hip replacement victims are seeking DePuy Lawsuit Funding. First, the case is reviewed and then in as little as 24 hours, victims can have access to their settlement BEFORE their case is settled. Once the lawsuit cash advance is received, the victims can use these funds in any way they wish while they are recovering from their painful ordeal because having those funds will assure that the victims and their families can live comfortably while their case is being settled in court.

If you have a pending DePuy ASR Hip Replacement Lawsuit contact us today at Lawsuitssettlementfunding.com for a lawsuit settlement loan.

 

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DePuy Recall Leads To Rise In Lawsuit Funding

Posted on January 16, 2012 by mike

DePuy/Johnson&Johnson’s ASR hip replacement has recently been recalled due to low performance outcomes that would often lead to further injury and revision surgeries.  But unlike some other companies, Depuy’s Orthopaedics actually made this recall voluntarily after extensive research. It has been found that as much as 13 percent of patients would need major surgery within only a few years after the replacement. Extreme pain, bone fractures, and internal bleeding often preceded these revision surgeries. This would happen because the parts in the actual replacement would not stay attached; often coming loose and resulting in extreme pain.

Now DePuy looks to move forward and keep their respectable reputation intact by compensating their victims, which is clearly stated on the company’s actual website. Many companies have made the mistake of trying to cover up these types of blunders. In some cases, this type of information would even be kept from the public. But since the recall was voluntary and DePuy has stated they have every intention of reimbursing their victims, it would SEEMS that they are stepping up to the plate to do right by their customers. This seems almost unbelievable, but when dealing with a harmful product the best thing to do is to admit guilt and open the checkbook. It’s the only way to solve a major problem of this magnitude as quickly and as quietly as possible.

So, what does this mean for the victims? And what exactly will they be compensated for? As stated on their website, it seems that DePuy will only cover any out of pocket costs directly associated with the defective ASR hip replacement. But one major cost that was NOT addressed was pain and suffering. No statement has been made and there is no content in the company’s website stating that they have any intention of compensating their victims for their pain and suffering, which each and every victim is indeed entitled.

This means that victims must seek legal help for this matter. And that means lawsuits. But, since each claim is currently being reviewed and evaluated on a case-by-case basis, not all victims will be compensated promptly. When a major product is recalled and it has done harm to their customers, the lawsuits do pile up fast, which slows down the legal process immensely. This has led to a rise in DePuy lawsuit settlement funding.

This ensures that victims and their families have access to their reimbursement before the case is settled in court. One major factor in this rise is due to the fact that medical and legal costs for these cases tend to be high. But, with the help of this crucial lawsuit loan, victims can rest assured that they will get their money as quickly as 24 hours and have the money they need to help them through this painful and stressful time.

If you have a pending DePuy ASR Hip Replacement Lawsuit contact us at Lawsuitssettlementfunding.com today for a lawsuit cash advance.

 

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A Close View on Lawsuit Settlement Loan

Posted on September 10, 2011 by mike

In the United States, lawsuits are a common occurrence because of a wide range of reasons, such as personal injury, wrongful death, neglect, sexual harassment, civil rights, class action and many more. Many of these civil lawsuits can be frivolous and only attempt to draw money. But there are many plaintiffs who are in these civil lawsuits with merit, and can find themselves in a situation that may take several months or a year to resolve. If you are also among them, and in a lawsuit related to injury or wrongful death then you might face a financial upheaval due to not being able to work or loss of a family member’s financial support. This financial upheaval generally incurs debt, which can later on be settled with debt settlement. However, fortunately in such situation you do have another right solution for yourself that is acquiring a lawsuit settlement loan.

Now, we must deal with the facts of a lawsuit settlement loan. A company or group of investors buy interest into pending lawsuits by giving cash loans to the plaintiff, and in return get the cash loan back along with interest and fees if the plaintiff wins the lawsuit. The concept might sound simple to you but it involves significant risk for the providers since not all lawsuit cases get funding. To put it in simple terms, plaintiffs do not require paying the cash loan back to the loan provider if their defendant wins the lawsuit verdict. So lawsuit settlement loan providers do their best to stay away from frivolous lawsuits.

However, keeping the risk in concern, it is to be noted that lawsuit settlement loan providers charge high interest rates. Some charge anywhere from 2.9% to 8.9% or more per month on the loaned amount. There is also a one-time fee based on the amount that is loaned, which can range from $100 to $7000. But the benefit with this kind of loan is plaintiffs can get upto 10% of their future settlement in advance. This helps protects the plaintiffs from owing more that is actually awarded by the judge or jury in case the former win the verdict.

Another primary thing you need to understand about a lawsuit settlement loan is that it really is not a loan at all. It is considered a non-recourse debt that is basically a secured loan based on collateral. Here the collateral is your pending lawsuit and the possible future monetary award. Unlike traditional loans this loan does not require your employment history, credit history or any specific income level. A lawsuit settlement loan provider only reviews your lawsuit case and speaks with your attorney prior to approving or denying the loan. So it is best to consult your attorney prior to applying for a settlement loan. But at the end of the day, it’s upto you to decide whether a lawsuit settlement loan is right for you or not. You must discuss everything with your family and a financial advisor if one is available in order to take the right decision.

In conclusion, this brief discussion will enlighten you on lawsuit settlement loan.

 

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Avandia Settlements Costs GSK Billions

Posted on July 27, 2011 by mike

Since the release of the diabetic drug it’s manufacturer, GlaxoSmithKline, has seen incredible ups and downs. At one point they were an up and coming leader in the pharmaceutical industry and their drug, Avandia, was their golden ticket for their company’s financial success. Upon its release, thousands of diabetics looked to this drug to help them. It was only five years ago that Avandia’s sales reached over 3 billion dollars. But sudden heart attacks, cardiovascular problems, and many more dangerous side effects would soon put the drug and its deceptively legitimate manufacturers into a much different light.

As more and more patients fell victim to the side effects, some resulting in wrongful death, the more the lawsuits kept piling in. Avandia’s sales peak of over 3 billion five years ago has since been matched in 2011 with Avandia settlements and lawsuits. That’s right, every cent made from their damaging drug has now essentially been spent on legal costs and compensating their victims. This has pretty much put the drug on every doctor’s black list, which is why GSK has put all promotions for Avandia to a complete stop.

Cases are still piling in every day. It is reported that over three thousand Avandia lawsuits are still pending today, but many have already received a settlement from GSK. Recently, GSK spent about 60 million to settle 700 of their cases. If this trend is continued that means that each new plaintiff could very well be awarded a little over $85,000 for his or her case. Those resulting in wrongful death could be awarded even more. With hundreds of lawsuits coming in every day, not every case can be settled in a timely fashion. That is why many plaintiffs are now getting an advance on lawsuit settlements.

Avandia lawsuits can take many months to settle. Unfortunately the side effects of this drug are so dangerous and damaging, that it quickly puts the victims in a permanent physical and financial stranglehold. Lost hours of work, medical bills, long-term health problems, and even sudden death are just a few of the reasons lawsuit funding is now being utilized in more Avandia lawsuits. Upon receiving this advance, the plaintiffs now have the proper funds to pay for these bills and also living expenses while their cases are being settled in court. With their finances now secure, the plaintiffs can now put that stress behind them and concentrate on a healthy recovery.

If you have a pending Avandia lawsuit the Lawsuit Settlement Co. can help. Visit at http://lawsuitssettlementfunding.com to receive a pre settlement loan.

 

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Construction Accident Victims Seeking Lawsuit Funding

Posted on July 26, 2011 by mike

Injuries at the workplace are not uncommon, especially in the construction industry. Many construction workers are dangerously vulnerable to hazardous conditions at the workplace, which often result in serious injury. Unlike other professions this job requires a great need for manual labor and when a worker is seriously injured, it is tough for that person to get back on their feet right away because their injury has physically damaged them. There are countless tools and devices being used at any given construction site that can cause serious damage and even death. Some of them include:

  • Nail Guns
  • Bulldozers
  • Chemicals
  • Compactors
  • Cranes
  • Forklifts
  • Welding Rods

These are just a few of the tools that these workers handle on a day-to-day basis. Along with these devices, the site itself can also put a construction worker at risk. Some of these locations include:

  • Busy highways
  • High rises/unfinished buildings
  • Bridges
  • Tunnels

With all of these factors in play, it is no wonder why the construction industry has one of the highest rates of reported worker injuries, many of which cause the victims to fall into a financial struggle very quickly. Some are indeed fortunate enough to be awarded workers’ compensation if their employer(s) carry that type of insurance. This allows the victim to receive lost wages and medical treatment while they are recovering from their injury. In other words, when the construction worker gets hurt on the job, they receive proper compensation without having to call a lawyer for a lawsuit loan; no questions asked. Basically the employer is saying, “You get hurt, we’ll take care of you.”

In a perfect world this would be the policy for every workplace, but unfortunately that is not the case. Recovering compensation from employers can be tricky, especially in the construction industry. First off, the employer might challenge the workers’ comp claim right out of the gate. Even more frustrating, there often is way too many people pointing their fingers at others, which can drag out the case immensely. The general contractor, subcontractor, architect, construction site owner, contracting manager, engineer will all divert attention and blame away from them and onto someone else; sometimes onto the victim themselves. But while this blame game is being played, the victim’s bills are piling high. When it gets to the point where the financial stress is too much, victims often consult with lawsuit funding companies in order to get an advance on lawsuit settlements. These funds are then used to cover living expenses while the long legal battle is fought. This helps keep the victims from being forced back to work before they are fully healed.

If you have a pending construction accident lawsuit the Lawsuit Settlement Funding can help. Visit at http://lawsuitssettlementfunding.com today to receive loans for lawsuits.

 

 

 

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Lawsuit Loans Available For Pedestrian Accident Victims

Posted on July 19, 2011 by mike

Vehicular accidents seem to be an increasing problem in the United States. Every year, the statistics tell us that the roads are getting more dangerous. One type of accident which seems to be occurring more often are those involving pedestrians. As of this year, over one hundred thousand pedestrian accidents were reported. Even more frightening, over half of these incidents resulted in the death of the pedestrian. For the most part, these incidents occur because of a negligent and careless driver. As we all know, there are many things that can distract someone while driving. Many of which can be as common as changing a radio station, but prevent the driver from seeing someone walking on the road and coming to a sudden stop.

Speeding and talking on cell phones is of course a couple of other common factors in these cases. Although some of these incidents take place at designated walking areas (crosswalks, neighborhoods, ect.) most of these accidents occur on major roads. Simply put, when you combine speed and heavy traffic, the likelihood for any type of accident is going to increase. Pedestrian accidents often occur on major highways because drivers are not expecting a sudden stop. In most instances, by the time they see the person walking by the road, it is already too late. But just because it is a major highway and not a common walking area, it does not mean the victim is not entitled to damages.

Pedestrians are advised to take precautions when walking through an area with heavy vehicle traffic, but there is only so much you can do to assure you are not harmed. That is why in many cases, the pedestrian is found to be not at fault for these accidents and are eligible to receive lawsuit loans for their cases, which are extremely serious. In almost one hundred percent of the cases, surviving victims incur serious injuries. This can have a damaging effect on the victim’s life for many years to come.

Brain damage, loss of limbs, and broken bones are just a few of the serious injuries that can occur in a pedestrian accident. Of course, this means high medical bills and lost hours of work. In a matter of weeks, victims and their families come to realize that sudden decrease of money coming into the household can put them in quite the financial bind. That is why many plaintiffs seek out lawsuit funding for these types of cases because it is a quick and easy way to ensure that their cost of living is covered during their extensive lawsuit.

If you have a pending pedestrian accident lawsuit, the Lawsuit Settlement Funding Co. can help. Visit today at http://lawsuitssettlementfunding.com

 

 

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Settlement Loan Increase For Discrimination Lawsuits

Posted on June 8, 2011 by mike

Discrimination can take place at anytime, anywhere. But the last place anyone would expect it to happen is at the workplace. Although strict policies are written for employers as well as employees to prevent this kind of treatment towards a fellow worker, discrimination still seems to take place. Unfair treatment and even unfair termination have been linked to different forms of discrimination at the workplace. Many people are taking action against this type of treatment by filiing discrimination lawsuits against their employers. Someone might be treated unfairly for the following reasons:

  • Ethnic/Religious Background
  • Disability
  • Gender
  • Age
  • Nationality
  • Race/Color

There are many specific instances where this type of discrimination usually takes place. In some cases, the plaintiff was never even hired when they filed their case. So, even if you never actually worked for the employer but felt you were denied the position for one or more reasons above, you still have the right to file a claim. Other instances of this manner include being denied pay raises and promotions. For example, if a certain employee is continously denied a raise in their salary or opportunities to move up in a company there could be merit for a discrimination claim; especially if other employees who have received pay raises and promotions have not worked at that company as long as they have.

If a person chooses to file a discrimination lawsuit, they must do so promptly because there is only a certain amount of time (usually 180 days) before the claim is no longer valid. Discrimination lawsuits take an extensive amount of time to settle because usually there is no hard evidence of the actual incident taking place. Therefore, all the facts must be reviewed very thoroughly because companies will do anything in their power to give themselves plausable deniability of the discrimination. That is why many of these plaintiffs seek out lawsuit settlement loans before their case is settled. Reaching a settlement will not be easy, but these are what the plaintiffs are entitled to if they win their case:

  • Any back pay
  • Are re-hired
  • Are given desired pay raise/promotion

Sometimes, discrimination can get so intolerable that the person had to leave the company, which means no severence was given. Plaintiffs can receive lawsuit funding for their compensation as fast as 24 hours. This advance is usually needed urgently because most of the time, the plaintiff is no longer working for their employer and is in need of money for every day expenses while their cases are being settled. So, instead of eating away at their remaining savings or continuing working in an uncomfortable working environment, they can rest assured that their financial needs will be accomidated by a lawsuit settlement funding firm.

If you have a pending discrimination lawsuit, the Lawsuit Settlement Funding Co. can help. Visit today at http://lawsuitssettlementfunding.com

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