Pre-Settlement Funding Available for Airbag Recall Plaintiffs

Jacky Gale | November 17th, 2014

Airbag Recall Lawsuits

Millions of drivers rely on airbags to protect them in the event of a crash. However, in recent years, evidence has come to light that not only are a certain brand of airbags potentially life-threatening for drivers, the manufacturer, Takata, tried to cover up these risks. A growing number of plaintiffs have filed lawsuits against Takata following the massive airbag recall.

Unfortunately, the litigation process can take months, if not years. In the meantime, plaintiffs often struggle to pay exorbitant medical bills and other expenses while awaiting a jury award or settlement. While lawsuit funding for airbag recall complaints may not be right for everyone, it’s an ideal solution for many plaintiffs who simply can’t wait years to receive just compensation.

Airbag recall lawsuits gain momentum

Takata airbags have been installed in more than 14 million vehicles, which were recalled by 11 automakers. At least 139 injuries and four deaths have been linked to the defective airbags, which have been known to explode and send metal shrapnel flying at drivers and passengers. Drivers have also been exposed to chemicals upon explosion of the devices.

Airbag recall lawsuits have been gaining momentum with the release of evidence that Takata knew of the serious risks of injury or death a decade ago, conducted secret tests on the defective airbags, and then tried to hide the evidence while failing to notify federal safety regulators.

A group of plaintiffs filed a motion for transfer on November 3, 2014, requesting the U.S. Panel on Multidistrict Litigation (JPML) to centralize federal lawsuits in the Southern District of Florida. If a multidistrict litigation (MDL) is indeed established, it would streamline the litigation process.

Plaintiffs can benefit from airbag recall settlement loans

Filing a lawsuit against Takata is one way to hold the company accountable for its alleged misdeeds, and for your family’s injuries and other losses. Unfortunately, many plaintiffs feel pressured to settle for less than what they deserve simply because they cannot afford to wait for years for their payments.

Many plaintiffs who have filed airbag recall complaints could benefit from lawsuit funding in the form of pre settlement loans. It should be noted that “cash advance” is a much more accurate term for this type of funding, since the money never needs to be repaid in the event that the plaintiff does not win the case. The money is paid based on the merits of the case and is essentially borrowed against the plaintiff’s anticipated settlement funds.

The main benefit of pre settlement funding is that families can pay their bills, receive medical care, and keep their lives on track while waiting for a lawsuit resolution. The money can be used to pay any expense and is not subject to limitations.

LawStreet Capital: an industry leader in lawsuit funding

Plaintiffs who are interested in learning more about the benefits of pre settlement funding for airbag recall lawsuits are invited to contact LawStreet Capital, a leader in lawsuit funding with a reputation for fast approvals and quick payouts.

By filling out a free, no-obligation application, you can learn about your options for keeping your family afloat while you wait for your lawsuit to reach a resolution. And since our cash advances are non-recourse, you’ll never need to repay a dime should you lose your case.

Call toll-free at 1-888-562-0363 to discuss your options with our friendly representatives.


  1. The New York Times, Takata Saw and Hid Risk in Airbags in 2004, Former Workers Say,
  2. National Highway Traffic Safety Administration, NHTSA Statement on Takata Air Bag Inflators,