The Court Of Public Opinion

Litigation funding can be a confusing concept. Plus, most people have never been exposed to the concept of litigation funding so the average person probably has many questions such as: What is a litigation funding? Do I need litigation funding? How do I get funding for my lawsuit? When I am approved for funding, do I have to pay back the money? If I am denied funding does it mean that I do not have a good case? These are all very good questions and are answered below.

What is litigation funding?
Litigation funding is not a loan at all but rather it is a cash advance based upon the merits of a lawsuit that provides a plaintiff with sufficient funding to reach the conclusion of the case when the plaintiff will receive his/her fair share of the settlement or verdict. Litigation funding companies invest in the lawsuit itself as opposed to advancing money to the plaintiff in the form of a loan. Litigation funding is not based on a plaintiffs prior credit or bankruptcy status. Other terms used for this type of funding include: lawsuit loan, litigation finance, litigation loan, lawsuit funding, lawsuit finance, lawsuit cash advance, case loan, case cash advance, plaintiff cash advance, litigant funding, pre-settlement loan, pre-settlement lending, pre-settlement cash advance, etc.

Do I need litigation funding?
Litigation funding should not be a substitute for your settlement but rather a raft that helps you stay afloat while your attorney fights for you. Too many plaintiffs apply for litigation funding with the belief that litigation funding is simply a different way to get their settlement money. Assuming you win your case, the amount owed to the lending company varies greatly depending upon the length of time between the date of the advance and the date when you receive the settlement/verdict money. You should exhaust other means of funding first. Also, a good guideline to use is that litigation funding companies generally advance up to 10% of the estimated settlement amount. There are some good internet sites that give more background on litigation funding. Some good sources of information are The Funding Exchange (www.TheFundingExchange.com) and Expert Law (www.expertlaw.com).

How do I get funding for my lawsuit?
Litigation funding companies have popped-up all over the country. Some tout their low interest rates or how they are the most lenient when it comes to approving litigation funding. Many litigation finance companies charge random penalties and fees. These penalties and fees help to offset their low interest rates and many times end-up costing the plaintiff more of their settlement. A good option is The Funding Exchange (www.TheFundingExchange.com). The Funding Exchange is a network of the most respected litigation funding companies in the industry. You complete one application on The Funding Exchange and your application is intelligently routed to the best litigation funding companies for your specific case.

When I am approved for funding, do I have to pay back the money? Almost all litigation funding companies give non-recourse funding to plaintiffs thus requiring the plaintiff to pay back the advance and fees/interest only upon a favorable decision in the case. If the case is lost then you can keep the cash advance with no obligation. If you win your case then part of the settlement amount will go towards repaying the cash advance plus interest and fees. The amount owed to a litigation funding company increases the longer that your case takes to settle so keep that in mind.

If I am denied funding does it mean that I do not have a good case? The simple answer is no. Being denied for funding does not mean that your case is not a good case or that you will actually win less money than you think. There are many different reasons why funding is denied. One reason is that the estimated settlement date is too soon. Litigation finance companies make money by accruing interest on their investment in your case. If your case is supposed to settle in 2 months then a litigation finance company will not make any money because the settlement date is too soon and therefore they may decline the funding request. Other reasons for denying funding include: attorney will not provide documentation, attorney will not sign contract, plaintiff demands too much money, etc.

Conclusion
As a plaintiff, you should understand litigation funding and the process of securing funding before you apply. If your expectations are set correctly and you proceed with litigation funding then you will find that it is a saving grace in the turbulent world of litigation. If you apply for litigation funding without a true understanding then you may be disappointed.

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Plaintiffs involved in pharmaceuticals lawsuits like Zyprexa and Fen-phen etc, can now get Lawsuit cash advances. 99% of Plaintiffs involved in Lawsuits Dont Realize They Can get Cash Advance before Their Case Settles.

Zyprexa (olanzapine) is a second generation or atypical antipsychotic medication produced by Eli Lilly and Company. Zyprexa was FDA approved for the short-term treatment of acute manic episodes in bipolar disorder.

In 2003 the FDA required that the class of drugs known as atypical antipsychotic, including Zyprexa, include warnings about increased risk to patients of development of diabetes and hyperglycemia. In 2004, a federal prosecutor announced an investigation of Eli Lilly, in relation to the techniques it has used to market Zyprexa.

To date, over 16 million people have used this drug. The FDA has identified there have been 384 reports of diabetes Zyprexa side effects, including 23 deaths. There have been many questions regarding the popular drug Zyprexa and its safety. The potentially fatal Zyprexa side effects have resulted in Zyprexa lawsuits.

A relatively new source of financing is now available for plaintiffs involved in Zyprexa or other pharmaceutical lawsuits. It is called lawsuit funding or often referred as Lawsuit Loans, Lawsuit pre-settlement financing, Legal finance or Litigation cash advance, but these are not loans because the money does not have to be paid back unless the case is won or settled. These are Non- Recourse Cash Advances. It carries No Risk because Plaintiffs owe Nothing if they lose the case. The client must be represented by an Attorney, and need money prior to settlement due to financial hardship.

It doesnt seem fair. Even if you win your Zyprexa litigation, the money you get may come too late. You need money now! Lawsuit cash advance or so called Lawsuit loan can help you buy some time with a cash advance on your pharmaceutical drug litigation settlement.

Pharmaceutical drug litigation can take years to settle, which can be a problem if youre sick or are unable to work. You can have a solid pharmaceutical drug litigation claim and a strong legal team, but the drug companies have deep pockets. Without a cash advance to pay your bills and other expenses, you may have to take a low settlement offer for your pharmaceutical drug litigation.

The process to receive Zyprexa Lawsuit Loan is Risk Free & simple. Plaintiff may have a bad or no credit. There are no monthly payments. The total process is confidential, prompt and discreet:

1. The first step is to complete an Application Form.

Making an application is free and there is no obligation. Approval is fast.

2. Plaintiff authorizes attorney to release case information to underwriters

3. Quick and thorough underwriting process to qualify client.

4. If approved Plaintiff completes funding agreement

5. Bank check delivered to Plaintiff

6. Plaintiff payback upon successful settlement/verdict of case

They can use the Cash Advance in any way they like. They can use the money for Living Expenses; Pay their Bills, Mortgage/ Rent / Car Payments, Medical Treatment, Education Expenses. As a matter of fact Use it any way they like.

There are very few good internet sites that give good information on various types of Lawsuit cash advances or Lawsuit Loans (Non-recourse).

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