Transvaginal Mesh Lawsuit Loans
Lance Lawsuit Funding provides non-recourse presettlement loans to plaintiffs with pending transvaginal mesh lawsuits. If you have already recieved notice from your lawyer that you are getting a settlement in a tranvaginal mesh lawsuit, we will provide you with a non recourse loan. A non recourse loan means that we can usually approve your request for money within 24 hours and that in the event there is no settlement then you do not have to repay it. We fund all transvaginal mesh cases for pkaintiffs who have already filed their case and are represented by an attorney.
Verdicts & Settlements
Many of the drug and device device manufacturers have been entering into settlements with lawfirms who represent pkaintiffs with transvaginal mesh injury claims. As juries returned favorable verdicts in mesh cases, U.S. District Judge Joseph Goodwin warned device makers to cut their losses, urging them to settle outstanding claims and avoid massive court costs and even more losses. Perhaps not surprisingly, some companies opted to settle cases before trial. These include Johnson & Johnson, Bard, American Medical Systems (AMS), Boston Scientific, and Coloplast.
Johnson & Johnson manufactured Ethicon which faces the highest number of claims. The company began settling claims in January 2015. A federal jury in West Virginia awarded $3.27 million to Jo Husky in September 2014. Huskey claimed her Ethicon Gynecare TVT mesh caused permanent injuries and the company failed to warn her.
Bard has begun to settled more transvaginal mesh claims after a California Jury returned a $5.5 million verdict for Christine Scott, including $5 million for the plaintiff’s medical expenses, pain and suffering and other damages, and $500,000 for her husband’s loss of consortium claim. Bard was held responsible for paying $3.6 million of the verdict. Bard also lost this appeal.
In May 2014, AMS reached another asettlement with multiple plaintiffs’ law firms to settle approximately 20,000 mesh claims for up to $830 million. The total amount paid will ultimately depend on the number of participating claims. If less than all of the claimants participate, the total settlement amount will be reduced by a certain amount for each non-participating claim agreed to by the parties.
The settlement is also subject to participation thresholds for each firm. To be eligible for an award, the majority of claimants represented by a particular firm must participate in the settlement. If the majority of claimants represented by a particular firm decline to participate, AMS reserves the right to terminate the settlement agreement with that firm. In addition to the participation thresholds, the settlement is also subject to court approval.
Boston Scientific lost two federal trials back-to-back in November 2014. One federal jury in West Virginia awarded $18.5 It also found that the company acted with “gross negligence” and included $1 million in punitive damages for each of the four plaintiffs. A Miami federal jury awarded $26.7 million a week before to women who claimed they were injured by the Pinnacle device.
In September 2014, a Texas state jury awarded plaintiff Martha Salazar $73M. The jury found the company was “grossly negligent” and included $50 million in punitive damages.
In early 2014, Bloomberg News reported that Danish device maker Coloplast agreed to pay $16 M about 400 mesh lawsuits. The plaintiffs, who received Coloplast’s vaginal mesh inserts to treat pelvic organ prolapse, will receive payments averaging $40,000 each. The agreement was reportedly reached in January, but under the terms of the settlement agreement, the plaintiffs aren’t allowed to discuss the details.
How the Settlements Work
Usually a manufacturer will agree to settle claims with a particular law firm providing that the majority of the class agrees to accept the settlement offer. Tha lawfirm will send you a letter informing you about the proposed settlement and the amount of money you will likely get. Then you are asked to agree to accept it e settlement. Then the settlement has to be approved by the court. This takes time. Lance Lawsuit Funding will provide a you with money now so you do not have to wait.
How To Get a Transvaginal Mesh Pre-Settlement Loan
If you have a filed transvaginal claim or settlement Then contact us for a pre-settlement funding. Here is how it works. Simply call Lance Lawsuit Funding. We will ask you a little bit about your case. Then we will contact your lawyer of case documentation. Ysually within 24 hours of getting the documentation from your lawyer we may wire the money into whatever checking account your designate. It is that easy.
If you are interested in a pre-settlement funding then contact Lance Lawsuit Funding for more information.