A jury declined to award damages to the family of a man hit and killed by a drunk driver after he stepped out from a cab to help victims of an auto accident. His family filed a wrongful death lawsuit against the drunk driver. The suit also claimed that the bar where the woman worked as a dancer encouraged and pressured her to drink with customers to earn tips and served her drinks when she was visibly intoxicated. The defense argued that the victim stepped into oncoming traffic too quickly for the woman to avoid him. and was the sole proximate cause of the accident.
This case resulted in a jury for the defendant; however it outlines the value of seeking lawsuit funding in contentious litigation. Qualifying for litigation funding is based on expectations, not results. Does the case look like it has value? Does liability seem to be something that is likely to be decided in the plaintiff’s favor? The family may have been able to apply, and be approved for a lawsuit cash advance against a prospective settlement or verdict. To qualify, their attorney would have presented records and opinions that suggested the plaintiff had a good chance of a favorable settlement or verdict.
Let’s assume the plaintiff’s attorney had an honest, professional opinion that the case had a good chance of being successful. Let’s also assume that the amount of legal finance sought was reasonable and fit comfortably into the prospective value of the case. The facts of this case could certainly have been interpreted by a jury in favor of the plaintiff. So, in this case, had the family been approved for a “lawsuit loan”, they would have received the money within 24-48 hours of approval. They would have paid no upfront fees or monthly payments of any kind. The lawsuit funding could then be used to pay funeral expenses and other important bills that fell behind as a result of the victim’s death. With pressing financial issues resolved, all that would have been left was to wait for an outcome in the case, hopefully a favorable one.
Legal financing is contingent upon the actual outcome of the case, thus, a lawsuit funding company does what no one else can; it provides a guaranteed recovery to the plaintiff. In this case, the plaintiff lost the case; there was no recovery. Assuming the lawsuit funding company provided a lawsuit cash advance of $5,000, $10,000, or even $15,000, the plaintiff would have been able to keep the cash advance without obligation to repay. That is because Lawsuit Financial as a non-recourse guarantee, meaning we bear all the risks. Contact Lawsuit Financial to apply or for a no-obligation consultation.