Financial Options for Plaintiffs with Defective Hip Implant Lawsuits
Five plaintiffs claimed that Johnson & Johnson and DePuy ought to be held liable for failing to warn them of the risks of the defendants’ Pinnacle metal-on-metal hip implants.
Recently, a Texas jury agreed with the plaintiffs and ordered the defendants to pay $500 million in damages. The news comes after a two-month trial, during which counsel for the plaintiffs argued that not only were the Pinnacle hip implants defective in design, but that the defendants knew or should have known of the risks, yet failed to issue adequate warnings.
Financial challenges of the litigation process
Similar claims have been made by 8,000-plus other plaintiffs who still have defective medical device lawsuits pending in federal court against Johnson & Johnson. For people who have ongoing medical expenses, the thought of enduring a lengthy litigation process can be particularly daunting.
While they’re waiting for just compensation, plaintiffs may need revision surgery to explant the defective hip implant and replace it with a new one. With the surgery comes the hospitalization and its associated costs. Afterward, patients may have significant out-of-pocket expenses for physical therapy, occupational therapy, home modifications, and durable medical equipment such as walkers. All of these expenses come at a time when the patient is unable to work.
How lawsuit funding can help
Despite the possibility of a substantial payout from a defendant like Johnson & Johnson, this is quite often cold comfort to plaintiffs who have creditors calling them every day. Far too many plaintiffs decide to accept a low ball settlement offer simply so they can get cash in their bank accounts sooner. But it doesn’t have to be this way.
Lawsuit funding may not work for every plaintiff, but for many, it’s the solution they need to make ends meet while awaiting the outcome of the case. Pre-settlement funding from a credible company is available in the form of an advance. Often referred to as a lawsuit loan, it’s actually a non-recourse advance that is distributed in anticipation of a future jury award or lawsuit settlement. However, unlike a loan from a bank, credit union, or payday creditor, lawsuit funding does not need to be repaid in the event the plaintiff loses the case. This means that plaintiffs can sleep easy at night knowing that they aren’t risking their family’s future financial stability for the sake of immediate cash.
LawStreet Capital cash advances
When it comes to lawsuit advance funding, it’s of vital importance to select a reputable company that you can trust. LawStreet Capital is a top provider of cash advances for hip implant plaintiffs and others who are anticipating a jury award or settlement. There’s no credit check, no employment verification, and absolutely no risk to you. You can receive a free quote and 24-hour approval, with overnighted checks available if you qualify.
Call 888.562.0363 toll-free now to speak with a knowledgeable representative. There’s no obligation should you choose not to apply.
Resources:
- Reuters, Johnson & Johnson hit with $500 mln verdict in trial over hip implants, http://www.reuters.com/article/johnsonjohnson-lawsuit-verdict-idUSL2N16P1CG
- Court Statistics Project, Estimating the Cost of Civil Litigation, http://www.courtstatistics.org/~/media/microsites/files/csp/data%20pdf/csph_online2.ashx
