Legal-Bay LLC To Begin Pre-Settlement Lawsuit Funding On Transvaginal Mesh Cases
New York, NY – Jan. 12, 2012 – Legal-Bay, announced today that their applications for Transvaginal Mesh case have risen sharply since the company began funding plaintiffs for Vaginal Mesh cash advances beginning in January 2012. Most companies within the legal funding industry do not fund Transvaginal Mesh cases; however Legal-Bay is an industry leader who is one of the few companies now offering plaintiffs the needed cash to live before their case go to trial or are settled.
Settlement Funding experts expect the Transvaginal Mesh cases to go to trial in NJ in 2012, if a global settlement cannot be worked out. Although the rest of the industry is being very cautious with Transvaginal Mesh cases by refusing to fund plaintiffs of these cases. Legal-Bay stands ready to assist the plaintiffs now – without even knowing the outcome of the litigation. Not only that, Legal-Bay believes the cases are worth a substantial amount in which Vaginal Mesh victims can apply for up to $25,000.00 in what is referred to in the industry as a “lawsuit loan” or “lawsuit loans”. However, the cash advance is non-recourse loan in which the victim will owe nothing back if the case ultimately fails.
Patty Kirby, Head of Customer Relations, commented about the firm’s policy on Vaginal Mesh settlement funding, “We have been very busy helping many victims of the Vaginal Mesh product liability litigation who have been seeking funding for months and have had no funders willing to help. We have secured ample financing to get these individuals lawsuit cash today, regardless of the outcome of their case. That is what makes our policy different from the rest of the industry, we are not taking a ‘wait and see approach’, but instead are helping these victims get the money they need today – regardless of the ultimate case outcome.”
Victims can guarantee some sort of return even if they lose their Vaginal Mesh case by taking out an advance with Legal-Bay. This is a no risk transaction for the plaintiff. Transvaginal Mesh victims can apply online at legal-bay.com or by calling Legal-Bay’s 24hr toll free hotline at 877.571.0405, where agents are standing by.
Dave Kole, CEO
1. The minimum payback period is 6 months – We do not invest in cases with payback periods of less than 6 months. Our maximum APR on a 6 month lawsuit settlement funding payback, including all fees, is 29% annually.
2. The maximum payback period is 36 months – We do not charge usage fees past 3 years, which means you will not be charged any additional money past 36 months. However, if your case does not settle within 36 months you are not obliged to repay us until it officially does. Our maximum APR on a 36 month lawsuit settlement funding payback, including all fees, is 25% annually.
3. CLICK HERE to view example of cost of funding, including all fees, and final payback on a lawsuit settlement funding