Leading lawsuit funding company says Bard and Cook continue to contend liability.
JERSEY CITY, N.J., May 7, 2019 /PRNewswire/ — Legal-Bay LLC, The Pre Settlement Funding Company, announced today that they will be expanding their focus on IVC lawsuits, effective immediately. The reason for the increased focus is that sources close to the litigation have told Legal-Bay that settlements are not imminent in either of the big litigations at this time. However, it is possible that a settlement in principle can be reached by end of 2019.
IVC filters are devices which inhibit blood clots in patients, preventing pulmonary embolisms. 80% of the filters sold are put out by C.R. Bard and Cook. However, plaintiffs claim to have had to deal with perforations, shifting after implantation, filter fractures, and general ineffectiveness.
Legal-Bay is a leading personal injury pre-settlement advocate, and works directly with many of the top mass tort law firms to provide the best pre-settlement cash advance rates in the industry in as little as 24 – 48 hours. Legal-Bay has recognized a backlog with IVC litigation, and expects settlement payouts to be delayed well into 2020 or beyond.
Chris Janish, CEO of Legal-Bay commented, “Unfortunately, the complexity of this litigation and the inability to determine fair settlement amounts or values for the wide range of injuries is making it hard for the parties to settle the dispute. We do expect to see a settlement in the next 12-18 months. However, final cash payments to plaintiffs is still a long way off, even if the parties were to settle in 2019.”
If you do not have an attorney, feel free to contact Legal-Bay and they can assist you with retaining a top IVC lawyer or IVC law firm that works with clients that need funding.
All of Legal-Bay funding programs are risk-free as you only repay the advance if your case is successful. The non-recourse advance is not a lawsuit loan, settlement loan, or pre-settlement loans.