Posts Tagged ‘Lawsuit.’

Lawsuit Loans in Ohio are Legalized, Allowing Ohio Plaintiffs in Financial Squeezes to Wait For Full Settlements

Plaintiffs of civil cases in Ohio will now be able to get lawsuit funding. This decision makes Ohio the last state in the union to allow its constituents the right to choose lawsuit funding. My Legal Advance claims this decision will allow them to help Ohio civil suit plaintiffs get the settlements they deserve.

(PRWEB) August 27, 2008 — My Legal Advance (http://www.mylegaladvance.com) announced today that it plans on offering lawsuit loans to plaintiffs in Ohio.

For the first time, residents of Ohio will be allowed to receive financing on their pending lawsuits, a practice commonly referred to as a lawsuit loan. Until today, Ohio was the only state that did not allow the 100-plus lawsuit funding companies to fund its civil cases.

Backed by popular support, Governor Strickland signed House Bill 248 into law on May 28th, 2008, which will make lawsuit funding on Ohio lawsuits available as of August 28th, 2008. The bill had unanimously passed both the House and Senate.

Lawsuit Funding Historically Debated but Now Fully Accepted in all 50 States:
For years, lawsuit funding was viewed as a way for speculators to “gorge upon the fruits of litigation” — a way to gamble on lawsuits–and the Ohio Supreme Court even ruled in August of 2003 that lawsuit financing was against a 180-year-old state law against champerty (the action of financing lawsuits). After seeing lawsuit funding work effectively in every state and seeing numerous states lift their bans on the practice such as Massachusetts, New Hampshire and South Carolina, Ohio has also overturned this previous ruling, allowing its constituents the right to choose whether they get funding on their civil suits or not.

Leaders Applaud Ohio’s New Stance on Funding:
Betty Montgomery, the former Ohio Attorney General, said, “A well-regulated legal finance market is a very competitive, consumer friendly thing. This is a new market where firms are trying to create options for consumers and meet an acute need.”

Betty Montgomery also said, “The Ohio bill that passed has a number of important elements that will protect consumers, most notably the requirement that the consumer’s lawyer must be involved in the process and that there be full disclosure on all the terms of the legal funding advance.”

Although champerty (lawsuit lending) was once illegal in common law due to the fear of it encouraging lawsuits, today it is successfully being used by plaintiffs to get larger settlements. Jason Argall, the Operations Manager of My Legal Advance (http://www.mylegaladvance.com), a lawsuit funding company, is doubtful, “The corporate interests in our lawsuit funding space have very little lobbying power compared to the powerful corporate interests in the insurance industry where they make their profits on desperate plaintiffs who are forced to accept settlement offers that are less than they deserve. We give these desperate plaintiffs the funds so they can wait for their full settlements. When the lending process is regulated, as it will be in Ohio, it’s a win-win scenario. Based on the number of Ohio residents we’ve had to turn down for funding over the last few years, this bill was long overdue.”

HB 248 Has Stronger Regulations for Ohio Lawsuit Funding Than Most States:
– Since there are no Federal regulations on lawsuit loans, Ohio has instituted consumer-protection regulations which surpass those in all states. HB 248 requires that:

– Contracts can be canceled by the plaintiff within five business days with no penalty;

– The total dollar advance and a breakdown of fees, including the annualized rate of return, must be clearly disclosed in the contracts;

– The legal financing contract requires written acknowledgment by the lawyer representing the plaintiff in the civil lawsuit, specifying that the lawyer has reviewed the contract and all costs and fees have been disclosed;

– For French and Spanish-speaking consumers, contracts will be available in their primary language; and

– In the contract, the lawsuit loan company will agree that it has no right to make any decisions involving the claim and its settlement.

About My Legal Advance:

My Legal Advance (http://www.mylegaladvance.com/ohio.htm) is a lawsuit finance brokering site, which means they are able to get you multiple quotes and let you choose the best one. With their years of experience, they know all lenders are different and can help you find the one which will be the best for your case. This allows clients to find the lowest rates and the highest financing approvals. On funding in Ohio, Jason Argall also says, “We’ve already been getting slammed with phone calls from Ohio and we’ve added more staff for this reason, but if you’re planning to call on August 28th and the phone lines are busy, please just try again after a few minutes.”

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Lawsuit Funding Helps Young Family Survive

After being seriously injured in a motor vehicle accident that was not his fault, Brian discovered that lawsuit funding from Beacon Legal Finance could change his life. With a lawsuit cash advance, Brian was able to receive cash today against the future cash settlement of his lawsuit to keep financially afloat while waiting for a settlement of his lawsuit.

(PRWEB) October 21, 2005 — Young 20-year old Brian, his pregnant 17-year old wife and their young child were stopped at a stop sign in the summer of 2004 when another driver changed their lives forever. That person drove his truck into their automobile sending both vehicles flying.

Both Brian and his wife had to be extracted by the fire department after being pinned in their car and then airlifted to the hospital. There were no skid marks after this accident and the other driver was cited by the police on the scene for an improper action. The other driver would later try to blame Brian for his not stopping, but the other driver admitted his guilt when he paid the ticket he received in the mail for the accident without contesting it.

Both Brian and his wife had extensive injuries, and Brian has not been able to return to work due since the accident because of his injuries. The family’s medical bills alone exceeded ,000 and more bills are expected. Because of the mounting medical bills and the lack of a steady income in the household, Brian and his wife are in a dire financial condition.

To pay his family’s medical bills and receive justice for an accident that he did not cause, Brian hired a lawyer who filed a lawsuit after this car accident. To make ends meet, Brian searched for a financial solution. Brian discovered that he could receive cash today if he agreed to give up a portion of the future cash settlement of his lawsuit. The pricing of the lawsuit funding was expensive, but it seemed fair when Brian learned that he did not have to pay back the lawsuit funding if his case lost or did not settle for enough cash to pay back the lawsuit funding.

Brian checked out the different lawsuit funding companies that are on the internet. One of the companies that Brian found seemed to be different. Their people treated him with professionalism and respect despite his financial troubles. The rates were competitive and the response time was fast. That company was Beacon Legal Finance, a leader in providing lawsuit funding to plaintiffs with high quality lawsuits. Beacon Legal Finance provided Brian with financial help from lawsuit funding when he needed it most.

Beacon Legal Finance is a leader in the litigation finance industry. Beacon Legal Finance is found at www.beaconlegal.com. For questions about pre settlement funding (also known as a lawsuit loan, lawsuit funding or lawsuit cash advance), call 888-723-2266.

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Related Lawsuit Press Releases

Anti-CAIR Defending The Constitution from CAIR (The Lawsuit)

Atlas Shrugs Radio Show: (Audio) excerpts from Pamela Geller’s interview with Anti-CAIR’s Defense Attorney, Reed Rubinstein. Discussion of the defamation Lawsuit brought by CAIR, (Council on American-Islamic Relations) against Andrew Whitehead of Anti-CAIR (Comments unmoderated. Be civil)

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Vaccine Damage Class Action Lawsuit

Developing a case to show common symptoms after vaccine damage.

This video details the investment advice Phil Dow, leading wealth management expert at RBC Dain Rauscher (Royal Bank of Canada) , gave me on June 7, 2008. I lost a tremendous amount of money due to reckless, dangerous advice and I am looking for others who may have also lost money with RBC in this time period. I want to launch a class action law suit against RBC and Phil Dow.

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Family of Drew Peterson’s 3rd Wife Files Lawsuit

The family of Drew Peterson’s third wife filed a wrongful death lawsuit Tuesday, alleging the former Bolingbrook police sergeant drowned her in a bathtub. (April 22)

How Lawsuit Funding is a No-Risk and Safe Lawsuit Loan for Plaintiffs?

How Lawsuit Funding is a No-Risk and Safe Lawsuit Loan for Plaintiffs?

Most of plaintiffs involved in lawsuits do not realize they can get litigation financing before their case settles. A litigant waiting for a settlement or judgment from a lawsuit can qualify for a lawsuit funding or lawsuit loan, ranging from 0 to M for a personal injury or other individual case and up to M for a commercial case.

It is called lawsuit funding or often referred as lawsuit loan, litigation financing, legal finance, pending lawsuit loan, lawsuit cash advance, lawsuit advance funding, personal injury lawsuit funding and pre-settlement lawsuit funding.

But in true sense, these are not loans because the money does not have to be paid back unless the case is won or settled. This is non-recourse lawsuit funding, which you pay back to litigation financing company only if you win or settle the case.

Since deep-pocket defendants can buy more and more time with legal ploys and delays, plaintiffs are often pressured financially. Because medical bills and other expenses like mortgage/ rent, car payments, children education expenses and other monthly bills, not to mention lost wages, add up to a budget stretched beyond its limits. This, in turn, can cause a lot of emotional and mental strain on the family or on their business.

But now David can again win against Goliath. What your attorney needs, in order to get you the best settlement or fairest trial, is time. Just as the defendants can buy time, so can you. Lawsuit funding or litigation financing, allow you to get relief from financial pressure so you do not have to settle your case simply because you need whatever money you can get now.

What are the alternatives?

For Personal Injury and other Individual Cases:

1. You can use your own credit cards: This is an expensive alternative and can actually put you even more at risk if the lawsuit takes longer than you anticipate to be settled. You still have to pay your monthly credit card bills. But lawsuit funding or litigation financing is a non-recourse lawsuit loan, which you pay back to litigation financing company only if you win or settle the case.

2. You can borrow money from friends or family: This also is high risk, especially if, you lose the lawsuit. But that is not with lawsuit funding or litigation financing as it is a non-recourse lawsuit loan.

3. You can take out a bank loan: Banks do not generally make loans against future lawsuit settlements, but may offer a personal line of credit to individuals, based on your financial situations and credit worthiness.

Even if you do qualify, you have to start paying back a bank loan right away and continue making payments until it is paid off, no matter when you receive your lawsuit settlement and even if you lose your case and receive no money. But this does not apply to pending lawsuit loan or lawsuit funding.

4. You can obtain a home equity loan or second mortgage: This option is extremely risky. If for some reason you do not win your case, you could lose your home. But that is not the case with pending lawsuit loan or lawsuit funding.

For Commercial Cases:

5. Your sources of financing might be even more limited than in personal cases since you may not want to support the business with personal funds. Business loans require credit and financial qualifications that your company may not be able to meet if you are involved in a lawsuit. But commercial lawsuit funding or business lawsuit loan can be obtained without the above mentioned qualifications. Because pending lawsuit loan or lawsuit funding is based on the strength of lawsuit.

Unfortunately, none of the options listed above solve your immediate financial problems without risk.

Advantage of Lawsuit funding or Litigation financing Program

This total process is confidential, prompt and discreet:

1. Making an application for lawsuit funding or pending lawsuit loan is free and there is no obligation. A good and reputed litigation financing company should not charge any upfront fee or any application fee, processing fee or any monthly fee.

2. Plaintiff may have a bad or no credit. No employment requirement is required to apply for a lawsuit loan or lawsuit funding.

3. Quick and thorough underwriting process to qualify client (some times in 6-8 hours)

4. If approved for lawsuit funding or lawsuit loan, funds are wired into your bank account, the same day. Of course, you can take a bank check also.

5. You can use the lawsuit funding or lawsuit loan in any way you like. This is your money.

6. Plaintiff payback upon successful settlement/verdict of case

7. If plaintiff loses case, plaintiff owes nothing to lawsuit funding company

There is no reason to settle for less than your lawsuit case is worth. Lawsuit funding or a lawsuit loan empowers plaintiffs to pursue their lawsuit cases in order to get the maximum lawsuit settlements they deserve.

How can I file a lawsuit against my doctor?

Question by Steven: How can I file a lawsuit against my doctor?

I am a patient and I want to file a lawsuit because I feel I was not treated the way I wanted to be and he refused to prescribe something I needed for a cosmetic related illness. How would I go about filing a lawsuit? Please explain the process. It is important. Is it costly? Please explain details.

Best answer:

Answer by Growl
You can always sue. Finding a lawyer to take your case on contingency is very unlikely. Winning is even less likely. Your case is very very weak.

What do you think? Answer below!

Lawsuit claims turtles are dying in BP oil burns

Lawsuit claims turtles are dying in BP oil burns

NEW ORLEANS (AP) – A federal lawsuit filed by several wildlife protection groups claims BP’s practice of burning off spilled oil in the Gulf of Mexico likely is killing endangered sea turtles.

Read more on WDAM-TV Hattiesburg

Lawsuit over LAPD May Day clash goes to jury

LOS ANGELES (AP) – A lawsuit that claims Los Angeles police brutalized three journalists covering a 2007 May Day protest has gone to the jury. The panel got the case Wednesday.

Read more on KMIR 6 Palm Springs

Lawsuit: Church protected abusive Salesian priest

LOS ANGELES — A California man who alleges he was abused in the 1960s by a priest who belonged to the Salesian order of the Roman Catholic church filed a lawsuit Wednesday against the order and the Vatican, claiming officials covered for the cleric by shuffling him between three continents over three decades.

Read more on Washington Post

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Voting checks lawsuit to be filed in federal court

Voting checks lawsuit to be filed in federal court

A special attorney general is filing a lawsuit pushing for federal court approval of two procedures to verify voters’ identity and citizenship.

Read more on WFXL Southwest Georgia

Voting checks lawsuit to be filed in federal court

A special attorney general is filing a lawsuit pushing for federal court approval of two procedures to verify voters’ identity and citizenship.

Read more on The Union-Recorder

Lawsuit Against Ky. Prosecutor Thrown Out

A lawsuit against a prosecutor brought by a former northern Kentucky teacher acquitted of having sex with a 16-year-old student is thrown out of federal court.

Read more on WLWT-TV Cincinnati

What is the statute of limitations on a wrongful death lawsuit in Missouri?

Question by helen: What is the statute of limitations on a wrongful death lawsuit in Missouri?

How many years before it is too late to bring a wrongful death lawsuit? What would be my first step in pursuing a wrongful death lawsuit besides hiring an attorney? Would I likely have to pay or could I work on a contingency basis?

Best answer:

Answer by PooPooLaTrash
A cause of action for wrongful death accrues on the date of death and must be filed within three years of that date (2 years if claim arises from medical negligence).

It would be up to the attorney whether or not he or she would require a retainer or accept the case on contingency. I imagine the facts surrounding your case would have a significant bearing.

Know better? Leave your own answer in the comments!