PHARMACEUTICAL cases – all types
Pharmaceutical lawsuit loans
You’re at the hospital again; this time, the emergency room. This new medication was supposed to help you, but all you’ve experienced is suffering. Who’s fault is it? Should the doctor not have prescribed this to you? Was something about the medicine faulty or poorly manufactured? Or maybe it contained ingredients that were undisclosed and triggered a terrible reaction? When medication goes wrong, it can lead to life-threatening injury which can take a long time to recover. During these trying times, you may want to seek legal action against the doctor or manufacturer who has ruined your life. However, litigation is a time-consuming process which can take months or even years to serve the justice you deserve. How long must you wait to get the compensation you need to get by?
Pharmaceutical lawsuits are often long and stressful, leaving victims of defective or dangerous drugs struggling to make ends meet. If you’re facing financial pressure while pursuing justice for injuries caused by a pharmaceutical drug, pharmaceutical lawsuit loans can offer a lifeline. These loans provide pre-settlement funding, helping you stay afloat while your case progresses. In this article, we’ll explore how these loans work, the benefits they offer, and why Legal Bay is your trusted partner in securing financial stability during a challenging time
What is a Pharmaceutical Drug Lawsuit?
Pharmaceutical drug lawsuits arise when prescription medications cause unexpected harm or injury. Despite rigorous testing, some drugs enter the market with defects, leading to adverse effects that can seriously impact lives. Similarly, in instances of medical malpractice, you may be prescribed a medication unrelated to your current medical needs which results in hazardous side effects.
Hazardous or skeptical medications are more common than you might expect. Recently, the FDA has been investigating Fullterton Wellness for the distribution of sketchy semaglutide and tirzepatide injections.. Many people who have been affected by dangerous medications file lawsuits against the manufacturers or doctors to seek compensation for their injuries, lost wages, and medical expenses. However, the litigation involved may take much longer than these plaintiffs anticipate.
Here are some other common medications and the symptoms they cause which are associated with ongoing lawsuits:
- Metaclopramide is a medication designed to treat severe nausea and vomiting. However, it has been recently found to correlate strongly with the development of tardive dyskinesia, a disorder that induces involuntary repetitive motion.
- Xarelto is a blood thinner that is designed to treat patients at risk of strokes and thrombosis. However, the thinner can also result in clotting issues which turn into internal bleeding problems, even resulting in death.
- Zofran is an anti-nausea medication, also known as ondansetron. While safe for normal use, the medication was never properly tested against pregnant women, and this medication can cause serious birth defects.
- Reglan is another medication which is known to increase the risk of tardive dyskinesia, even though it is only meant to treat gastrointestinal problems. Insufficient warning labels have caused backlash against Reglan.
What Kinds of Cases Are There?
The type of case is dependent on the particular complaint you may have.
In defective drug lawsuits, the drug in question may not have been properly tested, formulated, or manufactured, leading to serious health risks. These cases generally involve serious immediate health risks due to an unlikely manufacturing error, and won’t require FDA recalls.
Prescription drug lawsuits, on the other hand, often focus on drugs that were improperly prescribed or dispensed, causing harmful side effects. In these cases, it is your doctor or medical provider who is at fault for prescribing improper medication for your health.
The final type of case is a drug class action lawsuit. These involve groups of individuals who have experienced similar harm from the same drug, making it easier to address widespread injuries collectively. These are the cases most likely to make the news.
If you’re dealing with a pharmaceutical lawsuit, you may have questions about how to secure financial assistance during this time. Let’s take a closer look at how pharmaceutical lawsuit loans can help bridge the gap.
How Pre-Settlement Funding Can Help You
Pursuing a pharmaceutical drug lawsuit often takes months or even years to resolve. Meanwhile, medical bills, living expenses, and lost wages can pile up. This is where pharmaceutical lawsuit loans step in to provide financial relief.
What is Pre-Settlement Funding for a Pharmaceutical Drug Lawsuit?
A pharmaceutical lawsuit loan, also called pre-settlement funding, is a cash advance upon a settlement that plaintiffs can use to cover immediate expenses while their lawsuit is ongoing. Unlike traditional loans, lawsuit funding doesn’t require monthly payments. Instead, the funding company provides you with cash now, and you repay it from the eventual settlement or court award rather than out of your own pocket.
Additionally, lawsuit loans are not granted based on personal credit. Rather than checking your personal responsibility with credit, availability of lawsuit funding is contingent upon the details of your case and the expected settlement. Since you are not borrowing against yourself, but the settlement of your case, there is no need to check personal credit.
Lastly, the loan is non-recourse, meaning that you do not take on the risk of your own loan. Therefore, if you don’t win your case, you won’t owe the money back, so there is no risk.
How Long Does It Take to Get Approved?
Most applications for pharmaceutical drug lawsuit loans, on top of being easy to fill out and free to submit, are processed quickly. Once you provide the necessary case information, funding can often be approved within 24 to 48 hours if your case meets the loaning company’s criteria, giving you access to the money you need when you need it most.
How Much Money Can You Get Through Pre-Settlement Funding?
The amount of money you can get through a pharmaceutical settlement loan depends on the estimated value of your claim. Generally, you may be loaned between 10% and 20% of your anticipated settlement. Legal Bay and other reputable funding companies work with your attorney to determine the right amount based on your specific case.
Loan amounts can vary from a few thousand dollars to much larger sums, depending on the nature and severity of your injury, lost wages, and the anticipated settlement figure. Oftentimes, the drug itself will determine this. High profile medications like Xarelto or Yaz have high settlement figures in general.
It’s important to remember that this isn’t free money—it’s a cash advance that you’ll repay from your settlement. Ultimately, you will gain less money than waiting for the settlement. But you have to determine if it is worth it to wait for the suit to finish.
Pharmaceutical Drug Statistics
Every year in the United States, dozens of prescription medications are recalled, but recently, this statistic is rising. In FY 2022, over a hundred prescription medications were recalled by the FDA for various reasons, chief among them being contamination due to faulty manufacturing or packaging. Before effective recall, these medications could be distributed to thousands of Americans, and they may not even see the announcement of recall before the damage is done.
Prescription drugs account for over a million documented injuries in the US every year. Not all injuries are a result of faulty manufacture or labeling. Some are due to inappropriate prescriptions, and some are due to user error. Unfortunately, risk associated with drug usage is non-zero, and when bad things happen, someone has to step up and take responsibility.
The Benefits of Pharmaceutical Lawsuit Loans
Pharmaceutical lawsuit loans offer unique benefits, especially if you’re feeling pressured to settle quickly due to financial stress. Let’s examine some of the most compelling reasons to consider this option:
Legal Funding Relieves Pressure to Settle
When you’re in a difficult financial position, accepting a low settlement offer might seem tempting just to resolve your case quickly. Pharmaceutical lawsuit loans provide the funds you need to avoid compromising on the compensation you deserve. This allows you and your legal team to continue building a solid case for fair compensation without worrying about immediate expenses.
Quick and Easy Application Process
Securing pre-settlement funding for a pharmaceutical lawsuit is typically faster and easier than applying for a traditional loan. Most funding companies, including Legal Bay, offer a streamlined application process, and once approved, you can receive your funds within a few days.
If you’re interested in securing lawsuit funding, the first things you will need are a lawyer and an active lawsuit. An experienced attorney will help you sort through evidence and will be knowledgeable on the ins and outs of your case, and the lawsuit itself is necessary to get the ball rolling.
After that, applying for a lawsuit loan is as easy as 1-2-3!
- Apply
- Begin by submitting your application online or over the phone at (877) 571-0405. You would need to provide your contact information, information regarding your case, and the contact information for your attorney/case manager.
- Review
- Once your application and all needed documents are received from your law firm, your case will be in review. We assess cases based on the estimated settlement amount and the likelihood of success of your case.
- Funding!
- Once you are approved, you will receive your settlement cash advance in as quickly as 24 hours.
FAQs
How Do I Borrow Money from a Lawsuit Settlement?
To borrow money from a lawsuit settlement, you need to apply for pre-settlement funding with a reputable legal funding company. Provide the necessary information about your case, and if we approve it, we’ll give you a cash advance that you repay once your case is settled.
Are Lawsuit Loans Worth It?
Yes, lawsuit loans can be worth it if you need immediate financial relief while waiting for your settlement. They offer a way to cover expenses without risking your financial stability, as you only need to repay the loan if you win your case.
Can I Borrow Money if I Have a Pending Lawsuit?
Yes, you can borrow money if you have a pending lawsuit. Pre-settlement funding companies like Legal-Bay Lawsuit Funding offer advances based on the anticipated value of your lawsuit, helping you manage your finances while your case is ongoing. The more money your case is worth, the more you might be able to borrow!
How Much Do Lawsuit Loans Cost?
The cost of lawsuit loans varies depending on the funding company and the specifics of your case. Typically, you’ll repay the advance plus any agreed-upon fees once your settlement is received. However, you will never have to repay your pre-settlement loan until your case is settled. Additionally, the application process should never cost you anything, so there is no risk in simply applying.
Can I Get a Loan Against My Lawsuit if It Is a Class Action Lawsuit?
Yes, you can get a loan against a class action lawsuit. Specifically, legal funding companies evaluate class action lawsuits similarly to individual cases. In addition, they provide advances based on the expected settlement amount. Class action lawsuits are much more serious, and are generally more successful than individual lawsuits.
What Happens if I Lose My Lawsuit Case?
If you lose your case, you owe us nothing. In fact, lawsuit funding companies get paid solely from your settlement. Therefore, if you do not win a settlement, your assets and personal income remain safe. Moreover, litigation funding companies, like Legal-Bay Lawsuit Funding, are here to ease your stress, not add to it!
Apply Today!
Don’t let financial worries overwhelm you during your legal journey. Apply for a pre-settlement loan with Legal-Bay Lawsuit Funding today and get the financial support you need to see your case through to the end. Contact us now and take the first step toward financial relief.
Contact Legal Bay
Legal-Bay, The Lawsuit Settlement Funding Company, is one of the few settlement loan companies in the legal funding industry that has a dedicated staff toward helping victims of a defective pharmaceutical drug. As one of the best settlement loan companies in the industry, our team of underwriters, lawyers, and investors is extremely experienced with “Mass Tort” litigation and Legal-Bay has the ability to assist you with any part of your case – from start to finish. Whether you need legal assistance to evaluate your potential lawsuit claim at the onset, surgical funding due to a drug defect to get healthy again, or lawsuit funding to pay bills to live, Legal-Bay has the ability to get your case approved quickly.
The pharmaceutical companies have “deep pockets” with billions of dollars—and extensive legal teams—to fight claims for years.
Call Legal-Bay today to see how we can help you get funding for your pharmaceutical drug lawsuit today!
Give us a call to talk about your funding needs. We can walk you through the lawsuit loans process and get cash in your hands within 2 days. 877-571-0405
These cases are often tied up in the courts for many years and are very complex in nature. This leaves many plaintiffs with serious side effects and with nowhere to turn for basic living expenses – or to pay for surgeries or new medications from the original defective drug. This is an injustice within the “Pharma Industry,” but one that Legal-Bay tries to remedy by assisting victims of these bad drugs with a lawsuit cash advance today to live their lives with dignity.
If you have an active lawsuit involving any bad drugs and need lawsuit funding, fill out the short application or call Legal-Bay’s toll-free hotline at (877) 571-0405 where live agents are available 24 hours a day.
If you have suffered injury as a result of a bad/defective pharmaceutical drug and do not have legal representation yet, Legal-Bay can assist you with obtaining a lawyer, free of charge, to evaluate your claim based on the side effects that you are experiencing.
Apply Today – Funded Tomorrow
Your Application For Lawsuit Settlement Loans Starts Here! Loans For Lawsuits Are Easy To Apply For!