Lawsuit Funding Network Helps Those in Need

Ron S. developed type II diabetes while taking the prescription drug Zyprexa. It was the beginning of a series of misfortunes that began turning Ron’s life upside down. A recent separation from his wife and the loss of a job forced Ron to turn to family and friends for financial assistance. They couldn’t help. Now faced with losing his home, he began a search on the Internet to see if he could get a non-recourse advance for his alleged claims against Eli Lilly & Co.

Ron searched the Web and learned about Lawsuit Funding Network, Inc (www.lawsuitfundingnetwork.com). Lawsuit Funding Network (LSFN), based in Morton Grove, IL, is a leading company in a relatively new litigation funding business that eases the burden of those experiencing financial difficulties.

Ron was expected to receive approximately $86,000.00 (minus attorney’s fees and other costs) as a result of his Zyprexa claim. Ron was willing to get an immediate cash advance in exchange for a portion of his settlement proceeds.

“I was just so happy that Lawsuit Funding Network told me they could help,” says Ron S. “I called other lawsuit funding companies who told me they couldn’t give me an advance on a pharmaceutical claim.”

“We have not only helped people with Zyprexa claims, we’ve also helped claimants with alleged Vioxx claims too,” observes Al Johnson founder of LawsuitFundingNetwork.com

LawsuitFundingNetwork.com has an advantage in the industry by working with multiple funding sources. If one underwriter turns down an application they immediately access another funding source which may be assessing the same case using different criteria.

“In some instances if we only worked with one underwriter and the application was denied the claimant would be out of luck,” says Johnson. “I need our clients to know we’re going to do the best we can to try and find non-recourse funding for them at the most competitive terms.”

Lawsuit funding, or non-recourse funding, can ease the burden to those with financial difficulties resulting from missed work or lost jobs due to wrongful termination, an automobile accident, medical malpractice or personal injury.

Since the introduction of this type of financing there is now an alternative for claimants in need; if their case qualifies and is approved for funding they can receive the money they need now allowing the attorney the additional time needed to achieve the full value of the case. Claimants can generally receive a non-recourse advance up to 10% the value of the case as determined by the underwriter.

This type of funding is without risk to the plaintiff. There is no obligation on the plaintiff to pay back the advance if the lawsuit settles for less than the amount of the cash advance or if no liability is found against the defendant (and subsequently there is no recovery).

For additional information regarding lawsuit funding (also referred to as a lawsuit advance, non-recourse funding, or lawsuit loan) visit us at www.lawsuitfundingnetwork.com or call 1-866-270-1466.

SOURCE: Lawsuit Funding Network Inc.


Note To Media:

For more information, or to schedule an interview with Lawsuit Funding Network Inc, please contact Al Johnson at (866) 270-1466 or via email at al@lawsuitfundingnetwork.com