IVC Filter Settlement Payout Amount 2023
An inferior vena cava (IVC) filter is a basket trap filter placed inside the the inferior vena cava vein to prevent the transport of blood clots into the lungs, which can result in strokes and pulmonary embolisms. It’s an especially common treatment for deep vein thrombosis, and can save the lives of patients who are unable to take blood thinners. However, IVC filters are mechanical devices, and they need to be replaced or removed once they are no longer necessary. When they are not, they result in terrible health complications, including the very types of fatal emergencies they were designed to cause.
If you or a loved one have been affected by faulty or unremoved IVC filters, you are not alone. The IVC filter settlement payout amount in 2023 has become a critical topic for individuals impacted by these devices. IVC filters, or inferior vena cava filters, were initially designed to prevent blood clots from traveling to the lungs. However, serious health complications, device failures, and subsequent lawsuits have marked the history of IVC filters. For those dealing with the side effects or malfunction of an IVC filter, understanding the potential settlement payouts and legal avenues available is essential. This article provides a comprehensive update on the current state of IVC filter lawsuits, recent verdicts, and what affected individuals can expect in 2023.
Recent IVC Court Verdicts & Settlements
The legal landscape around IVC filters continues to evolve. Lawsuits are ongoing against major manufacturers, including Bard, Cook, and Cordis, with numerous cases resulting in settlements. In 2023, one of the most notable cases involved a $3.3 million IVC filter lawsuit verdict, bringing attention to the severity of complications these devices can cause. Settlements are also ongoing through bellwether trials, which serve as precedent-setting cases in multidistrict litigation (MDL). For many plaintiffs, these verdicts highlight that fair compensation is possible for those who have endured physical and emotional harm. However, these battles are hard fought, and for many, compensation is still months, maybe even years away.
Bard Filter Bellwether Trials
One of the primary defendants in IVC filter lawsuits, Bard has faced significant scrutiny over their filters, such as the G2 and Recovery models. Significantly, it was suspected in these trials that Bard was fully aware of the lacking design specifications for these IVC filters, but they pushed them to market anyway. The Bellwether trials against Bard have helped shed light on the risk these devices pose, particularly for blood clotting complications. These trials have paved the way for current settlement negotiations, emphasizing Bard’s responsibility to provide compensation to affected users.
While Bard has since been a provider of many high quality IVC filters, these particular models have led to millions of dollars in compensatory damages.
Cook Filter Bellwether Trials in Texas
In Indiana, Cook’s IVC filters have also been the subject of extensive litigation. Similar to Bard, Cook has faced claims that their filters failed to perform as intended, leading to life-threatening complications. The plaintiffs have claimed that faulty filters broke apart within the blood stream, allowing blood clots and dangerous metal components of the filters to travel through the bloodstream. Cook filter cases are moving through the courts in 2023, with some expected to reach settlement as a resolution option.
As of November 2024, there have been over 11,000 filings in the Cook IVC filter cases, with constant delays and no end in sight.
Cordis IVC Filter Lawsuit Update 2023
Cordis, another major player in the IVC filter industry, has seen a surge in lawsuits over their devices, particularly in 2023. Victims of Cordis filter complications are closely watching the outcomes of these cases, as they may influence the settlement amounts for those affected by similar products.
Along with Cordis, several other smaller manufacturers of IVC filters are under fire. Argon, ALN, Boston Scientific, and Rex Medical have all seen a rise in filings place against them.
IVC Filter Side Effects
Under normal circumstances, IVC filters are life saving products which can prolong patient lives during cardiopulmonary recovery. However, when not maintained and monitored properly, they can lead to terrible, life threatening injuries. Some of the adverse complications resulting from improper IVC filters including heavy internal bleeding, pulmonary embolisms, swelling, and even death. To leave these device in would be considered medical malpractice. When these complications occur, they often lead to prolonged health issues, surgeries, and increased medical costs, driving plaintiffs to seek financial compensation.
If you are suffering from IVC complications, continue reading to see how you can take control of your life and get the justice you deserve.
Manufacturers and Brands Named in Lawsuits
Several manufacturers and specific filter brands have been named in IVC filter lawsuits. Here’s a quick look at the most frequently cited companies and their products:
– Bard: Known for the G2, Recovery, and Denali filters, Bard has faced numerous lawsuits and MDL cases which are seeking compensatory damages.
– Cook Medical: Their Cook Celect and Gunther Tulip filters are central in ongoing cases.
– Cordis: The Cordis Trapease and OptEase filters are frequently mentioned in lawsuits.
– Boston Scientific, ALN, Argon, and Rex Medical: Although less prominent, the IVC filter has led to claims against these companies.
What Compensation in an IVC Filter Settlement Can You Expect?
Compensation for an IVC filter lawsuit varies widely based on factors like the severity of injuries, medical expenses, and the specific circumstances of each case. The more life threatening and dangerous your injuries are, the more potent you can expect compensation to be. As of 2023, the payout for an IVC filter lawsuit can range from tens of thousands to millions of dollars, depending on the harm endured by the plaintiff. In some cases, plaintiffs have received settlements upwards of $500,000, while major cases have resulted in verdicts of over $3 million.
Plaintiffs can typically pursue compensation for:
– Medical Expenses: Covering past, present, and future medical bills related to IVC filter complications.
– Lost Wages: Compensating for income lost due to recovery time and decreased work capacity.
– Pain and Suffering: Recognizing the emotional and physical toll of enduring an IVC filter injury.
– Punitive Damages: In cases where the manufacturer acted with gross negligence, courts may award punitive damages as a deterrent.
Why Were IVC Filters Recalled?
Several IVC filters have faced recalls over the years due to high failure rates and serious side effects. A recall serves as an acknowledgment that the device may pose undue risks to patients, whether from consistent manufacturing error or an inherent flaw in the design. The FDA has issued warnings, and many of the filters implicated in these lawsuits have since been removed from the market. Though no one is likely to be affected by these filters again, patients are still coming forward having been affected by these faulty filters.
FDA Approval Process for IVC Filters
The FDA’s approval process for IVC filters has come under fire, particularly given the expedited approval route many of these devices took. In some cases, manufacturers bypassed more rigorous testing, leading to a flood of substandard filters in the market. Victims and their families argue that this lack of oversight has contributed to the high number of IVC filter-related injuries and lawsuits. The FDA has issued several statements in the years since the introduction of these filters and aims to address the approval process.
Obtain Legal Funding For Your IVC Settlement Today
Legal action is the obvious route for seeking compensation for medical damages, especially considering how much others have received already. However, suit comes with all manner of complications that are impossible to foresee. After all the red tape, trials, and negotiations, you may not see your settlement for months or maybe years. All the while, medical and legal bills continue to stack up.
For plaintiffs awaiting a settlement, the financial strain can be overwhelming. Many individuals require legal funding to help cover expenses while they await compensation. Pre-settlement funding is an option that provides plaintiffs with cash advances based on the anticipated value of their case. With legal funding, you can manage expenses and avoid settling for less than you deserve due to financial pressure.
What is a Lawsuit Loan?
A lawsuit loan, also known as pre-settlement funding, is essentially a cash advance for plaintiffs involved in an ongoing car accident case. Unlike a traditional loan, these advances do not depend on your credit score or employment status. Instead, they are based on the estimated value of your lawsuit and the likelihood of success. Companies offering these loans assess your case’s potential settlement amount and lend you money upfront, which is then repaid once you receive your settlement.
If your case is successful, the loan is repaid out of your settlement. But, if for some reason you don’t win your case, you don’t have to repay the loan since it is non-recourse. This provides a sense of security for many who are already dealing with financial uncertainty.
How Does Legal Funding Work?
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 Now at Legal-Bay Lawsuit Funding
- 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.
Once you receive your pre-settlement loan, you are free to spend it as you see fit to alleviate your financial concerns. When the time comes to repay, after your case is settled, your repayment will come straight out of the settlement. And again, if you don’t win, you don’t pay!!
Other 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 offer advances based on the anticipated value of your lawsuit. This helps 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.
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.
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 for an IVC Filter Lawsuit Loan Today
If you’re struggling to make ends meet while awaiting your settlement, an IVC filter lawsuit loan can provide you with immediate funds. This type of loan allows plaintiffs to cover everyday expenses and medical bills while they wait for their cases to settle. The funds can also alleviate pressure to settle early, enabling plaintiffs to pursue maximum compensation.
Contact Legal Bay
Legal Bay is a trusted provider of IVC filter settlement loans, offering fast and reliable funding to plaintiffs. As one of the best pre-settlement funding companies, we’re committed to transparency and customer satisfaction. No hidden fees or complicated agreements. Legal Bay ensures that you get the financial support you need. If your case is especially promising, your pre-settlement funding could be approved same-day! Same day pre settlement loans are definitely an option if your case is promising. Check out some Legal Bay funding reviews to see how we have helped clients get the funding they need.
If you have found yourself wondering “can I get a loan for my IVC filter lawsuit,” but aren’t sure, look no further. Whether you’re dealing with a personal lawsuit, the lawsuit of a family member, or another type of lawsuit, Legal Bay is here to help. Contact us to learn more about our loans and take the first step toward securing the financial relief you need. Our expert team is standing by to answer your questions and help any way you need.
Ready to get started? Apply for Legal Bay lawsuit funding now and get the cash you need to keep your case moving forward. Contact us today to speak with a funding specialist and take control of your financial future.
