The parents of a University of Missouri student who died two weeks after falling at least two stories from a balcony have reached a $5 million settlement with the property owners.
According to the wrongful death lawsuit, the 19-year-old fell after he leaned against an unsafe second-floor balcony during a party in December 2014. He was found unconscious on the ground directly underneath the balcony. There was no medical evidence of intoxication.
In the lawsuit, the family alleged that the defendants were aware the balcony was defective, but intentionally failed to make repairs because the property was going to be demolished in the near future to make way for a new student housing complex.
This case is a perfect example that despite whether a settlement was reached in or out of court, it can take years for the plaintiff to receive compensation for damages. In the meantime, the plaintiff must pay the bills associated with the accident such as funeral expenses, as well as other ordinary daily household needs. Cases such as this are eligible for lawsuit funding.
The sole purpose of lawsuit funding is to help cash-strapped plaintiffs who have suffered serious injury or a wrongful death due to the negligence of another.
Lawsuit funding is a cash advance on the expected proceeds of a case in order to remove financial stress and allow time to wait for a fair and equitable settlement. The application takes less than five minutes to complete, and approvals are usually made in less than 48 hours. This is because unlike a bank loan, a lawsuit cash advance is awarded based solely on case strength. There is no need for upfront fees, credit checks, employment verification, or monthly payments. Once the case settles, the cash advance is repaid. However, if the funded client loses the case, repayment is completely waived.
Call Lawsuit Financial today or visit us online to get started with a free, no-obligation analysis of your case and financial situation.