Category Archives: Funding for Plaintiffs

Because Beacon Legal Funding wants to help, we provide news and information on legal funding for plaintiffs in this category.

information on funding for plaintiffs

Pelvic Mesh Settlement Reduced: What Does This Mean For Victims?

Posted on December 16, 2015 by Dan Christensen

Not long ago we brought you a story about victims forced to wait for justice as a judge delayed a pelvic mesh multidistrict litigation (MDL) and held up around 33,000 cases. Many of those victims have had to turn to solutions like what we provide here at Beacon Legal Funding, but delays aren’t the only problems pelvic mesh victims are facing.

Pelvic Mesh Settlement Reduced

Rumors recently sprouted that a case that was part of one of the many pelvic mesh MDLs was remanded and the verdict from the case was stricken. Such an occurrence could have damaged the MDL overall, but the story turned out to be an exaggeration.

What Really Happened?

A judge declared that a recent verdict for $100 million for a pelvic mesh victim should be reduced to $10 million. She said the original verdict “shocked the court’s conscience and sense of justice,” because it was the largest amount awarded in a pelvic mesh trial. To date most mesh trials ended or settled for amounts between $1.75 million to $7.76 million—far less than the original verdict of this trial.

How Does This Affect Pelvic Mesh Victims?

Some advocates believe that a reduction of this size may devalue the pain and hardship the victim in this case has endured. They also fear that the suffering of other victims might be devalued because of this, but some are pointing out that this $10 million decision is still one of the highest amounts awarded to a victim of pelvic mesh complications.

Do you think this reduction of the $100 million verdict is fair? Do you think this will negatively impact future mesh cases? Let us know on Twitter, Facebook, or Google+.

How Does Consumer Legal Funding Save Families?

Posted on December 9, 2015 by Dan Christensen

plaintiff-advancesIn 2013, Oklahoma State Sen. Rob Johnson helped pass a bill in Oklahoma that limited consumer legal funding to existing legal claims. The bill requires legal funders to obtain a license and it holds their agreements to the Uniform Consumer Credit Code as a regulation standard. These measures have been seen by many as a step in the right direction for legal funding, but the senator warns that the industry should not be regulated out of existence.

How Does Consumer Legal Funding Save Families?

A father in Chicago was unable to work due to an on-the-job injury, but it was taking too long for his claim to go through. He exhausted his savings while trying to pay his daughter’s college tuition, and hope seemed lost until he discovered consumer legal funding. Legal funding allowed this father to help keep his daughter in college, and it can do so much more.

A woman who had surgery after an automobile accident had to find a way to pay bills and rent while she was recovering and waiting for her claim to come through. It was a particularly hard time because she was single and fighting to maintain custody of her three kids, but consumer legal funding came through for her during this tough time. These are the type of people who would be hurt if consumer legal funding was banned or outlawed.

Consumer legal funding helps families pay bills and keep their homes while they are waiting for fair settlements from their legitimate legal claims. To keep these funders and their settlement advances available to those who need them, Sen. Johnson joined the Alliance for Responsible Consumer Legal Funding to help create fair regulations for the industry.

Keep up with the latest development in the legal funding industry by following the Beacon Legal Funding blog, Twitter and Facebook.

New Advisory Council Helping To Spread Legal Funding

Posted on December 2, 2015 by Dan Christensen

Congrats on new projectThe Alliance for Responsible Consumer Legal Funding (ARC) is dedicated to preserving consumer legal funding for any American who has suffered a loss due to an accident and needs help while their pending legal claim is settled. To accomplish this, the organization has taken many steps to strengthen legal funding all over the country, and now they have expanded their efforts with a new advisory council.

New Advisory Council Helping To Spread Legal Funding

This new council is meant to provide public policy guidance, strategic direction, and leadership on issues that affect the consumer legal funding industry. The council is a group of volunteers from all walks of life and includes academics, civil rights defenders and law enforcement.

Who Is On The Council?

Victoria Shannon Sahani, a Harvard graduate and a law professor at Washington and Lee University School of Law, will add her experience to the council. She will be joined by Greg Reed, an attorney from Arlington, Virginia who works for the Institute for Justice protecting economic liberty, free speech and school choice. Jeremy Kidd, a professor of law and economics at Mercer Law School, will also join the council along with Joe Williams, a law enforcement professional from Houston, Texas who had to use legal funding to hold his family together after a terrible auto accident.

“Consumer legal funding provides a choice for working Americans that gives them the ability to replace lost income now, not years after an accident,” explains the Executive Director of ARC, Rob Johnson. “Our advisory council will work with our members to ensure the best practices of ARC are followed.”

Consumer legal funding helps provide for the victims of accidents while their cases work through the legal process. Settlement advances can help these victims pay medical expenses, rent, and car notes while they wait for a verdict or settlement. To keep up with the latest news about legal funding, follow our blog, and post a comment on our Twitter and Facebook.