Lawsuit Funding Firm, Fair Rate Funding Forecasts Increase in Transvaginal Mesh Lawsuits
Industry: Legal Services
TV Mesh lawsuit funding firm sees an increase in transvaginal mesh plaintiffs in the near future. Predicts rise in applications for lawsuit settlement funding loans.
Manasquan, NJ (PRUnderground) October 20th, 2014
Fair Rate Funding, a national lawsuit funding company, anticipates a further upswing in settlements for transvaginal mesh lawsuits.
To date, American Medical Solutions has been the only major producer of transvaginal mesh to reach global settlement agreements with a portion of claimants, though this may change. It is expected that AMS and other transvaginal mesh manufacturers may choose to settle more cases in the coming months in order to write the losses off for the 2014 fiscal year.
Legal action surrounding transvaginal mesh has grown into one of the biggest product liability litigations ever. So far, over 50K liability claims have been filed; a number that is expected to grow to over 100K before the matter has run its course. Faulty and poorly designed transvaginal mesh products have caused thousands of women to suffer injury, emotional distress, and costly medical complications.
Many women have realized significant compensations in their transvaginal mesh cases, including Linda Gross of New Jersey who was awarded $11 million in February of 2013. But for every successful judgment, there are hundreds of cases still working through the courts. Even if half of the current cases reached settlement, that would still leave tens of thousands of unresolved suits.
“We’re hopeful about the outcome of future vaginal mesh suits,” says Marjorie Ray, Head of Client Relations at Fair Rate Funding, “But we understand that thousands of plaintiffs still have a long and challenging battle ahead of them.”
Transvaginal mesh lawsuits can take years to settle in court and can cause significant strain on plaintiffs finances. Fair Rate Funding is working toward lessening this strain by offering lawsuit settlement funding for plaintiffs in transvaginal mesh cases.
Lawsuit funding is a non-recourse cash advance that can be used to pay expenses as the client sees fit while a transvaginal mesh case plays out in court.
You can learn more about lawsuit funding and what cases qualify by visiting Fair Rate Funding’s website at (http://www.fairratefunding.com/).
If you or someone you know is currently involved in a transvaginal mesh lawsuit and requires trans vaginal mesh lawsuit funding, call Fair Rate Funding at 1-(888)-964-2224.
About Fair Rate Funding
Fair Rate Funding offers the lowest possible rates on lawsuit funding contracts throughout the nation. Online visitors can learn all about how the settlement loan process works and what lawsuits are eligible for funding by visiting http://fairratefunding.com.
If you or a loved one has a lawsuit but needs money immediately, apply online at at: http://fairratefunding.com; or by calling the company’s toll free hotline at: 888-964-2224 where live agents are available to help you now.