Litigation Funding is an Option for Plaintiffs with Mounting Debt during a Pending Lawsuit

February 3, 2017 | Product Liability

If a truck accident has been caused by the failure of the truck or its parts, components or systems, the carrier, distributor or manufacturer may be liable for accident victims’ injuries and other losses. The failure of a truck’s parts, systems, etc., could be a maintenance issue, which would likely make the carrier responsible. But if the failure was caused by a defect that was there from the start, a product liability claim may seek to hold the manufacturer and distributor accountable.

The legal process can be complicated when pursuing the recovery of monetary compensation in a product liability case. That is why it is critical to have an experienced trucking accident attorney on your side who can uncover the facts and achieve the maximum damages award. But, tracking down the source of a defective part or component can be a time-consuming process in itself. When time is not on your side financially, litigation funding can be a lifesaver.

An Alabama family has received $16.8 million after a family member was killed in October 2013 after he lost control of the log truck he was driving overturned.

Cab guards are meant to prevent shifting cargo from contacting the cab of heavy trucks. According to the lawsuit, the cab guard failed. When the load of logs on the truck shifted in the crash, they breached the truck’s cab and struck the driver, killing him instantly. Additionally, the trailer support beams failed to contain the truck’s load in place, allowing it to shift forward, and the trailer had no cab guard attached to it.

According to the court order, the jury found in favor of the plaintiff, noting that the cab guard on the truck was defective in design, manufacture, and warnings.

Wrongful death accidents such as this one often cause immediate and long-term financial problems for family members of the deceased. When that happens, legal finance services can provide both immediate and long-term financial assistance. This service, known as litigation funding, helps plaintiffs pay medical expenses, funeral and burial expenses, and ongoing monthly bills during the litigation process. It is easy to apply for a lawsuit cash advance online or by phone and there are no costs or fees associated with the application. There are also no monthly payments, credit checks, or employment verification. Repayment is contingent upon the outcome of the case; if the plaintiff loses their case, the lawsuit cash advance is waived in its entirety. That is correct; the plaintiff would owe nothing. Where else can you obtain a “risk-free lawsuit loan”? If approved, the lawsuit cash advance would arrive within 24-48 hours by check or by wire.

If you have been injured or lost a loved one due to a product defect or corporate negligence, consult an attorney immediately to help you file your claim. Once you are in a pending lawsuit, if you need financial assistance, consider litigation funding. It may be the difference between settling for less too early and waiting for a fair judgment later.

Read the full article http://www.lawfirmchronicle.com/2017/02/litigation-funding-is-an-option-for-plaintiffs-with-mounting-debt-during-a-pending-lawsuit/

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