Legal Funding Benefits for IVC Filter Lawsuit Plaintiffs

Alexander Popovich | November 11th, 2015

Lawsuit Funding CoupleFor thousands of people injured by defective devices and pharmaceuticals, legal funding has proven an invaluable resource for plaintiffs who are cash-starved and struggling to stay afloat as they wait for their case to resolve. Alternately called lawsuit funding and legal loans, this form of monetary assistance creates a solid buffer that victims need when deteriorating health keeps them out of work.

In the context of IVC filter-related injuries, which include organ damage, perforation of blood vessels, pulmonary embolism, blood clots and cardiac tamponade, claimants may find themselves unable to make ends meet, let alone pay mounting hospital and medical bills. Recent litigation against Cook Medical and C.R. Bard – two notable manufacturers of inferior vena cava filters – has reached a critical threshold in federal courts, prompting two mass torts known as multidistrict litigation.

This centralization promises certain efficiencies for both parties but in no way guarantees a speedy outcome. Often times, plaintiffs whose cases are consolidated for pretrial purposes may find themselves waiting years before they see a penny of compensation. This is where legal funding from LawStreet Capital can change lives for the better. Simply put, this cash advance gives claimants freedom and new options for solving their economic challenges.

Federal IVC filter lawsuits coordinated

At present, there are two mass torts involving alleged vena cava filter injuries and deaths. More than 100 plaintiffs in MDL No. 2570, which is proceeding in Indiana federal court, allege that Cook Medical designed defective devices and failed to warn about filter migration, fracture and embolization.

C.R. Bard is defending similar charges in a separate MDL, underway in Arizona district court. Cases are centered around purported injuries and deaths tied to the Recovery, G2 and G2 Express filters.

The coordination of claims may help facilitate future mediation and settlement negotiations, but litigation is still in its early stages. Meanwhile, lost income and daily living expenses has forced some plaintiffs to rack up huge debt on their credit cards or resort to other high-interest loans.

Benefits of legal funding

One of the main advantages of legal funding over credit cards or bank loans is its non-recourse nature. The money is not a loan, but a cash advance that is based on the merits of one’s lawsuit. If your lawsuit is unsuccessful in court, you have NO obligation to repay the cash advance.

Many times, the settlement recovered from a personal injury lawsuit is enough to repay the cash advance while still allowing the plaintiff a sizeable nest egg from which to draw upon. In other words, the cash advance is sufficient to cover critical expenses, but not so much as to dip heavily into your jury verdict or settlement.

The benefits of legal funding through LawStreet Capital are many. Here are a few of the reasons why plaintiffs view our services as a welcome relief:

  • No credit check for approval
  • Use the money for food, car payments, rent, medication – any way you choose
  • Risk-free – you only repay the cash when you get paid
  • Buys you financial freedom to continue litigation
  • 24-hour approval process
  • Highly competitive interest rates
  • Absolutely no payments required until you win or settle the lawsuit

Pre settlement funding can help

If you’ve been injured after receiving an IVC filter and have retained a contingent-fee lawyer to represent your case, you may be eligible for pre settlement funding. LawStreet Capital is a proud provider of legal funding in all 50 states. To learn more about our risk-free financial solutions to your legal woes, please call us toll-free at 1-888-586-2356 to start the application process.