Advantages of Yaz and Yasmin Lawsuit Funding

Staff Writer | April 12th, 2013

Yaz and Yasmin Lawsuit Funding On March 19, 2013, Bayer Healthcare and a committee of lawyers representing plaintiffs in the Yaz and Yasmin MDL reached a $24 million settlement that was filed with the U.S. District Court for the Southern District of Illinois. The multi-million dollar settlement specifically applies to the women who alleged that they sustained serious gallbladder injuries as a result of using Yaz and Yasmin birth control pills.

Based on the information disclosed in Bayer Healthcare’s 2012 Annual Statement, the manufacturer already agreed to pay more than $1 billion for settlements involving 4,800 Yaz and Yasmin lawsuits in which the women suffered from deep vein thrombosis, pulmonary embolisms, heart attacks, and strokes allegedly caused by the contraceptives. Previously, Bayer Healthcare didn’t make any settlement offers for lawsuits involving gallbladder injuries because the results from scientific studies didn’t substantiate that Yaz or Yasmin posed a greater risk of gallbladder disease than other oral contraceptives on the market. In spite of the negative scientific findings, Bayer Healthcare decided to proceed with a settlement rather than present the product liability lawsuits to a jury trial.

According to the settlement terms, women who can prove they sustained a gallbladder injury will receive a $2,000 payment and those who needed to have their gallbladder removed will receive roughly $3,000. Since Bayer will issue a maximum of $24 million in the settlement, the payments may need to be distributed on a pro-rata basis if it appears the amount of damages will exceed the available funds. The settlement is applicable to the lawsuits filed in the Illinois federal court and cases filed in various state courts.

Accepting the terms of the settlement is not mandatory. The plaintiffs with gallbladder injuries who don’t want to be included in the settlement must “opt-out” of the agreement by April 29, 2013. The women who suffered from blood clot injuries as well as gallbladder injuries must “opt-in” to the settlement by April 29, 2013. If the plaintiffs need additional time to decide if they want to participate in the settlement, they can request one 30-day extension with the court.

Post settlement cash advance for Yaz lawsuits

Even though a settlement has been reached and filed with the court, it may still be in a plaintiff’s best interests to seek Yaz and Yasmin lawsuit funding. Due to the complexity of the case and the large number of plaintiffs involved in the settlement, it could take several months for the funds to be distributed to claimants. In some instances, the plaintiff may agree to a structured settlement. When this occurs, the plaintiffs get a series of smaller payments over an extended period of time until the total amount of the settlement is paid in full.

While injured plaintiffs are waiting to get their settlement money, it is not unusual for them to experience financial difficulties. Being injured and filing a Yaz lawsuit can place a significant financial burden on many women and their families. Regardless of the status of the case, bills for medical treatment and living expenses still need to be paid. If you are having problems paying bills, a post settlement cash advance can provide the financial relief you need if you’ve agreed to a structured settlement. In this way, you can receive  one lump sum payment, rather than small installments over time.

Yaz and Yasmin lawsuit funding will help you cover expenses such as a mortgage, credit cards, insurance, car payments, and utilities. You won’t have to worry about falling behind on your payments and the lawsuit funding will reduce the possibility of facing collection activity such as creditors’ phone calls, letters, foreclosure, or repossession.

Pre settlement loans for plaintiffs

If your case is currently pending, the litigation proceedings may last for years before the case is resolved with a settlement or jury trial. Even if the court grants a favorable ruling at the conclusion of a trial, the defendants may choose to file an appeal. In the meantime, injured plaintiffs are not getting the compensation they hoped to receive when they filed the lawsuit. Many plaintiffs become stressed about their finances because their injuries may prevent them from working or they need to reduce the amount of time spent at the place of employment in order to receive necessary medical treatment. When you get a pre settlement loan, it can supplement lost income.

LawStreet Capital provides pre settlement loans for plaintiffs who are struggling to pay their bills and need assistance until a settlement or court award is granted. Both pre settlement and post settlement cash advances are risk-free since there is no obligation to pay them off if you don’t win the case. Employment verification and credit checks aren’t needed since approval for the loan is based on the merits of the case. Once you complete the simple online application, you can find out if you are approved for the cash advance within 24 hours.

Apply for Yaz and Yasmin lawsuit funding

LawStreet Capital understands the financial difficulties many plaintiffs face during the various stages of the litigation process. By obtaining Yaz and Yasmin lawsuit funding, you can receive the money needed to support your family and pay your bills. Since LawStreet Capital is a direct lender, we offer the most competitive interest rates in the industry. Fill out the online application and once you are approved, it’s possible to receive the funds via overnight mail or through an electronic transfer into your bank account. If you have any questions, call one of our representatives toll-free at 800-345-8500.