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Lawsuit Funding May Have the Solution to Stay Financially Afloat in Hard Times

Patients want and deserve quality medical care and treatment, but far too often mistakes happen. When catastrophic medical error occurs, it is important that victims or their family members pursue justice.

Following is a case that shows how long medical malpractices case can take to settle. Yet, it is important to seek justice no matter how long. Unfortunately, many victims will struggle financially during this time as the insurance company obligated to pay damages on behalf of those they insure will deny, delay, and defend the claim. As a result, many injured victims will seek pre-settlement lawsuit funding as an appropriate financial lifeline.

Twelve years ago, a woman was about 40 weeks pregnant when she went to an Illinois hospital after experiencing decreased fetal movement from her unborn child. She was evaluated by a first-year resident who determined the unborn child was in fetal distress. However, another 11 hours passed before the woman was seen by an obstetrician. By the time an emergency C-section was performed, the baby had suffered brain damage. The child was later diagnosed with severe cerebral palsy and a seizure disorder.

The woman filed a medical malpractice lawsuit against the hospital alleging that doctors and nurses were negligent in taking appropriate steps to monitor her and her baby and perform a timely C-section. The jury found in favor of the plaintiff, awarding $53 million, the largest verdict on record in the county. However, the defendant motioned for a new trial arguing that the conduct of the plaintiff’s attorney during trial was improper and tainted the resulting verdict. The hospital also alleged that both mother and child were treated for infection, which can cause cerebral palsy, and that the child never suffered oxygen deprivation as the plaintiff’s attorney stated. The judge denied a new trial, but reduced the verdict by $950,000 due to a “technical error.” It is unknown whether the hospital will file an appeal. If so, the plaintiff will wait even longer, enduring the entire process a second time — without compensation, without justice.

Lawsuit Financial doesn’t know this family’s financial situation, but would guess that the medical expenses alone left them financially strapped. During the already long ordeal, they may have qualified for pre-settlement lawsuit funding, a non-recourse cash advance against their pending claim.

An appeal will be no surprise; hospital and medical professionals will do only what is in their best interest. They will shirk responsibility for their actions. In the meantime, victims of negligence may face financial hardship.

If the defendant files for an appeal, lawsuit funding can still be an option to alleviate some financial burdens.

When a plaintiff is dealing will the loss of income and mounting unpaid bills, lawsuit funding can be the emergency cash needed to get through the litigation process, including an appeal. Applying for funding will take less than five minutes. Once supported with adequate file documentation, the case is review and if approved, funds can be available within 24 – 48 hours.

A lawsuit cash advance from Lawsuit Financial is based solely on the merits of the case. It is also provided on a non-recourse basis meaning no money is owed until the case successfully settles, at which time repayment is made from the proceeds of the case. The most attractive part about lawsuit funding is that if the case is lost, repayment is completely waived.

Lawsuit Financial Corporation is one of the few legal funding companies that provide capped lawsuit financing. Victims who utilize lawsuit financing services need to consider this important factor when seeking funding on a piece of litigation that could take several years to settle.

If you are the victim of medical malpractice, have filed a lawsuit, and need assistance paying your bills, consider lawsuit funding. Lawsuit Financial provides no-obligation funding consultations; we also have an attorney referral program at no cost and no obligation to use our services. Call us toll-free at 1-877-377-SUIT (7848) for more information.