Print This Article Post Comment Add To Favorites Email to Friends Ezine Ready

What Is Fen-phen Lawsuit Settlement Funding Lawsuit Loan Program. How Does It Work

By: Home | Legal


No- Risk Lawsuit Settlement Funding for Fen-Phen Drug Liability Lawsuit Plaintiffs

Plaintiffs involved in pharmaceuticals lawsuits like Fen-Phen, Zyprexa and Vioxx litigation do not realize, they can now get lawsuit cash advances or lawsuit funding, while they are waiting for their lawsuit settlement money. It is called lawsuit funding or often referred as lawsuit loan, lawsuit financing, litigation financing, legal finance, pending lawsuit loan, litigation funding, lawsuit cash advance, lawsuit advance funding, personal injury lawsuit financing, legal financing and personal injury lawsuit funding.

Fen Phen, an anti-obesity medication (an anorectic) was used as a diet drug for many years. It is a combination of two drugs, fenfluramine and phentermine. Beginning in 1992, these were marketed under the trade name of Pondimin or Redux. During the period from March to August 1997, the Mayo Clinic in Rochester, Minnesota observed and reported an association between the use of fenfluramine and/or dexfenfluramine and valvular heart disease. The FDA requested its removal from the market late in 1997 when reports arose of role of Fen-Phen in causing heart valve disease and pulmonary hypertension.

It is estimated that over 6 million persons took Fen Phen (also spelled Phen- Phen or Phen- Fen). Since millions of people had taken the diet drug Fen Phen, a large percentage of these people were experiencing drastic side effects, and in some cases even death. A large number of the product liability lawsuits were filed because of the serious adverse effects of Fen Phen. As recently as April of 2005, American Lawyer magazine revealed that more than 50,000 product liability lawsuits have been filed by Fen-Phen victims. Total liability paid out to plaintiffs in Fen-Phen class action lawsuit settlement could reach as high as $14 billion.

It does not seem fair for the plaintiffs, that even if they have won their Fen-Phen lawsuit settlement, they may lose because too little money comes in too late. They need money now. Most of the plaintiffs, because of their medical conditions have missed work or lost their jobs. They can no longer meet their mortgage/ rent or car payments. Many of them may be one or two payments away from foreclosures. They may be in need of medical treatments. They need to pay education expenses of their children.

But now this new lawsuit settlement funding or litigation financing program is great help to Fen-Phen lawsuit plaintiffs. With a lawsuit cash advance or pending lawsuit loan, on your Fen-Phen lawsuit settlement, you reduce the financial and emotional stress on you and your family. This risk free source of lawsuit loan or lawsuit funding is now available for plaintiffs involved in Fen-Phen and other pharmaceutical lawsuits.

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 legal cash advances. It carries no risk because Fen-Phen lawsuit plaintiffs pay only when they get their Fen-Phen settlement money from Defendant Company.

Litigation financing or so called Lawsuit loan can help them buy some time with a cash advance on their Fen-Phen lawsuit settlement.

Fen-Phen Lawsuit Funding or Lawsuit Loan: How does it work?

There are many advantages of Fen-Phen lawsuit funding or litigation financing Program. The process to receive lawsuit loan or lawsuit cash advance is risk free & simple. There are no monthly payments. The total process is confidential, prompt and discreet.

1. Making an application for lawsuit funding or pending lawsuit loan is free and there is no obligation. A good and reputed litigation financing company should not charge any upfront fee or any application fee, processing fee or any monthly fee.

2. Plaintiff may have a bad or no credit. No employment requirement is required to apply for a lawsuit loan or personal injury lawsuit funding.

3. Quick and thorough underwriting process to qualify client (some times in 6-8 hours).

4. If approved for lawsuit advance funding or lawsuit cash advance, funds are wired into your bank account, the same day. Of course, you can take a bank check also.

5. Plaintiff payback upon successful settlement/verdict of case.

6. If plaintiff loses case, plaintiff owes nothing to litigation financing or lawsuit funding company.

They can use the lawsuit loan or legal 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.



Article Source: http://www.eArticlesOnline.com

About the Author:
About the Author: Paul Sherman is a Legal Funding Consultant. He offers free, professional, and independent advice to plaintiffs involved in lawsuits (incl. business owners) & Attorneys. To apply for Lawsuit loan, Commercial Lawsuit funding, Law Firm loan, Attorney funding & Structured Settlement funding please visit: http://www.easylawsuitfunding.com

Tags: , , , , , , , , , , , , ,

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Legal Articles Via RSS!

Recent Related Articles From Legal

  • Can Lawsuit Loans Help You Heal?
    By: Alec | May 9th 2007
    Lawsuit Loans, Litigation Loan & Attorney loans by Lawmax Legal finance provides feasible finance option to the plaintiff as they await the verdict of their lawsuit. Lawsuit loans can also help avoid common problems in case of medical facilities & victims needing special medical care Read

  • How Lawsuit Pre-settlement Funding Is A Safe Lawsuit Advance Funding For Plaintiffs?

    Pre-Settlement funding or Pre-Settlement Lawsuit funding is the lawsuit advance funding provided to the plaintiffs even before their case is settled. Pre-Settlement funding enables plaintiffs in lawsuits to receive money months or years before their cases have settled. Lawsuit Pre-Settlement funding is a non recourse lawsui ... Read

  • Need Lawsuit Funding? Apply Today
    By: Alec | May 10th 2007
    Lawsuit funding can be gained easily by applying at Lawmax Legal Finance as we provide lawsuit loans after comprehensively accessing the litigation to provide lawsuit funding covering presettlement funding, attorney loan, automobile accident settlement & Lawsuit Advance Read

  • Lawsuit Loans - What Are They?
    By: lazy submit | Apr 6th 2008
    This article is an overview on plantiff based lawsuit loans also know as lawsuit cash advances. It outlines the general process that is followed as well the highlights the pros and cons. Read

  • Withdrawn From The Market: Redux And Fen-phen
    By: Alan Haburchak | Jun 29th 2008
    Fen-Phen and Redux, were both once highly sought after weight-loss drugs, even being prescribed by some physicians in the early 1990s. However, the use of the weight loss drugs became banned by the U.S. Food and Drug Administration (FDA) after reports surfaced linking the drugs to severe heart problems among patients. Read

  • Preparing For A Car Accident Lawsuit

    The single most important preparation for a car accident lawsuit is the quality of your lawyer. Read

  • Take Professional Advice From A Lawyer In Matters Related To Hip Recall
    By: Dan Barton | Feb 16th 2009
    If you or your loved one is experiencing the following complications after hip or joint replacement surgery involving Stryker implants, contact a Stryker Hip Attorney today. Read

  • Faulty Zimmer Durom Hip Cups Lead To Lawsuits
    By: Maxwell Schmickman | Mar 31st 2009
    The American people have begun living longer and healthier lives. But no matter how well you take care of yourself, there are always parts that don't work quite as well as they used to, and as well as they need to for you to continue your active lifestyle. When this is the case, many people turn to such surgeries as hip and ... Read

  • From Bankruptcy To A Quick Loan - Know Your Options
    By: Jake Robinson | Apr 2nd 2009
    If you're in a lot of financial trouble you've probably looked at several options such as debt settlement, personal quick loans, bankruptcy, etc. But how much do you know about debt settlement? Do you know how it effects your credit? Were you aware that it shows up on your credit? If you are to a point were you could care l ... Read

  • Tackle Your Mounting Debts-with Cost Effective Debt Consolidation!
    By: Kirthy Shetty | Nov 7th 2006
    Learn simple and cost-effective way of tackling debts. Act out at the right time and read more on how to combat bad debts before you lose control of it. Read on to find out what you can do in such an indebted situation. Read


Copyright © 2005-2011 eArticlesOnline, LLC - All Rights Reserved
Terms of Service | Privacy Policy