Tribeca Lawsuit Loans provides mass tort litigation funding for litigants in a wide array of lawsuits. Often the cases are against medical device manufacturers, large pharmaceutical companies, or chartered organizations. When people fight back against wealthy interests like these, the defendants use their vast resources to drag out the legal proceedings. They hope the delay will cause financial hardships and drive the plaintiffs to settle for far less than their case is worth. Mass tort funding can help to level the playing field.
Tribeca Lawsuit Loans provides mass tort litigation funding so that you can stay afloat while waiting for the compensation that is rightfully yours.
Mass Tort Litigation Cases We Have Funded
Tribeca has successfully funded litigants in mass tort litigation, including the following cases:
- IVC Filter
- Hernia Mesh
- Talcum Powder
- 3M Military Earplugs
- Boy Scouts of America
- Paraquat Parkinson’s Disease
- Just For Men Hair
If you are seeking damages in any of the above mass tort lawsuits or you are pursuing other mass tort litigation, Tribeca Lawsuit Loans can provide the funding you need to sustain you during your pursuit for justice in your case.
What is Mass Tort Litigation?
When a single at-fault party has harmed many different people, those individuals can come together to file a mass tort lawsuit. For example, let’s say a medical device is faulty due to a flaw in manufacturing, and you or a family member suffered harm from it. Or, perhaps you have been damaged by a trusted member of a chartered organization.
When a large and powerful company has hurt you, an individual, it can be challenging to get the company to take you seriously. But when many individuals coordinate their separate cases against the same entity, the resulting mass tort litigation commands attention. By combining their experiences and resources, the individual plaintiffs in a mass tort lawsuit can partially offset the power imbalance in their fight for justice.
Mass tort litigation is often the solution in cases against medical device manufacturers or large pharmaceutical companies since these entities affect large percentages of the population. Instead of hundreds of individual lawsuits, these cases are often settled in one go.
Unfortunately, because these large companies have deep pockets, they can afford to stall the legal process for years. It is a common tactic where the defendant hopes mounting financial stress will force the plaintiffs to settle the case for far less than they deserve. Mass tort litigation funding is the answer to outlasting this strategy.
What is Mass Tort Litigation Funding?
Mass tort litigation funding is essentially a cash advance on your expected case settlement. It is a loan that uses your future settlement as collateral to provide you with money now to meet your current expenses. Mass tort funding is a “non-recourse loan,” meaning your personal finances and assets are not at risk. The non-recourse loan can only be paid back from your settlement. And if you lose your case, you do not have to repay the loan!
If you are in the middle of a mass tort lawsuit, you might experience significant financial pressure related to your cause of action, including:
- Medical bills
- Lost wages
- The need to pay for repairs to damaged property
- Daily expenses
- Utility bills
- Rent or mortgage bills
A mass tort lawsuit loan from Tribeca Lawsuit Loans can help you cover these costs while your attorneys work toward the compensation you deserve. You can apply for the money you need by clicking the green “Apply Now” button at the top of the page. Call our office with any questions or concerns by calling (866) 388-2288.
Funding for Your Mass Tort Lawsuit
Even individual lawsuits can take months or even years to settle or resolve in court. When there are so many different claimants for mass tort litigation, the case can take even longer, especially with the defendant intentionally delaying as a strategy. Meanwhile, you’re stuck with mounting bills and debt as a result of the injuries or financial harm you’ve suffered. This is unfair. Mass tort litigation funding provides you with the resources you need to pay your current bills while you continue to fight for a better settlement.
What is a Non-Recourse Loan?
We understand that many people in your situation are worried about taking on additional debt. However, the mass tort lawsuit loans from Tribeca Lawsuit Loans are all non-recourse in nature. That means that we, the lender, are restricted in how we can go about collecting repayment. Your future settlement is the only possible source of loan repayment. If the case is lost, the lender has no recourse to seek any other payment. Your income, assets, and property cannot be attached to repay your non-recourse loan.
The agreed-upon repayment amount comes directly out of your eventual mass tort settlement or jury award when your case resolves. That means:
- NO monthly payments
- NO touching your personal finances
- NO credit check necessary
Non-recourse mass tort lawsuit loans are risk-free for you since the most we can take as repayment is the agreed-upon portion of your eventual compensation. This type of funding is also risk-free because you owe us nothing if you end up losing your case!
Another difference between non-recourse loans and other forms of cash advance (or loans) is that tort funding is usually non-taxable. Because the loan and its repayment come from your legal settlement, it is considered part of your legal compensation, which is not taxable. You will only pay taxes on your pre-settlement loan if you use it to make an investment.
How Much Money Can You Get from Mass Tort Funding?
Mass tort litigation funding comes from your expected legal settlement. It is essentially a cash advance on what your legal lender anticipates to be the value of your case. As such, the amount of money you can receive from your pre-settlement funding is based entirely on factors relating to your case, such as:
- The overall strength of your claim
- Your total damages
- Your expected settlement amount
Tribeca Lawsuit Loans has provided clients with legal funding from $500 to $1,000,000. We have the resources to help you meet your needs now while you continue to pursue your mass tort lawsuit.
How Much Does Mass Tort Funding Cost?
Mass tort litigation funding for product liability, mass disasters, dangerous pharmaceutical drugs, defective medical devices, harmful chartered organizations, and more vary widely. They have different fact patterns, varying degrees of damage, differing levels of complexity, and different numbers of litigants. These factors all play a part in determining how much tort funding you will receive and how much it will cost. Until we review your case, we cannot answer these questions.
However, we can assure you that, unlike predatory lending companies that charge high compounding interest rates that can eat up your mass tort settlement, Tribeca will:
- Charge only a simple, non-compounding interest rate
- Charge no fees
- Detail all costs upfront
- Write your contract in a way that is easy to understand
- Answer all your questions via a real person
Our goal is to provide you with the resources you need to meet your bills today while you continue to fight for the compensation you deserve.
This is a stressful time for most mass tort lawsuit plaintiffs. We want to help to ease your financial burden while empowering you to achieve the best possible settlement. Further, we aim to provide you with such excellent service that you will confidently recommend us to your friends and family. Our 4.5/5 star rating on Trustpilot is a testament to our commitment to your satisfaction.
Easing Stress with Mass Tort Funding
There’s no denying that legal matters like mass tort lawsuits are stressful. Depending upon the circumstances of your case, you may have a lengthy and painful recovery process that is only exacerbated by the lengthy lawsuit. No matter how strong your case is, the defendant is likely to use stall tactics to delay the process further. This is often a deliberate strategy to allow the mounting stress to force the injured parties to settle for less money now rather than continue to pursue the full compensation they deserve.
With mass tort litigation funding, you can get the financial relief you need to meet your current expenses while you continue to fight for a just settlement.
With mass tort funding, you’ll sleep better at night, knowing you can meet your financial responsibilities. No credit check is required, and repayment comes only from your successful settlement or collateral. You deserve justice. With pre-settlement funding, you can reduce your stress and fight on for the compensation you and the others in the mass tort lawsuit deserve.
Choosing a Mass Tort Funding Company
The mass tort funding industry is largely unregulated. Protect yourself from predatory lending practices with these precautions:
- First, be sure the legal lending company serves clients in your state. Every state has its own laws, and many companies avoid certain states, especially those with at-fault insurance.
- Next, take the time to read the company’s online client reviews.
- Finally, be certain you understand the interest rate the company will charge. Even a low compound rate will quickly eat up your settlement. You want a company that offers a low, simple, non-compounding interest rate on mass tort litigation funding.
Depending upon the circumstances of your case, your mass tort settlement may have to last your entire life. Therefore, you must find a legal lending company you can trust. The right company will welcome your questions and answer them carefully, in plain language, so you are sure you understand.
How to Qualify for Mass Tort Litigation Funding
Qualifying for mass tort funding with Tribeca is easier than you might expect. There are a few simple conditions that must be met to obtain financing for your mass tort lawsuit:
- You must be at least 18 years old.
- You must have a settlement pending or be ready to join a mass tort.
- You must be represented by a contingency-based attorney.
- The defendant must be insured.
If your case meets the above criteria, you will likely qualify for our mass tort funding. We will not check your credit score, assets, or property holdings because our loan’s only possible source of repayment is your future settlement. We judge your loan entirely based on the quality of your case.
How to Apply for Mass Tort Funding with Tribeca
If you are party to a mass tort for product liability, medical equipment or pharmaceutical defect, a mass disaster, or another tort case, you likely qualify for a tort fund loan. We make the process simple:
- You Apply: Click the green “Apply Now” button at the top of the page. Provide some information about your case, including your attorney’s contact information, the expected compensation, and your attorney’s estimate of the mass tort lawsuit’s duration.
- We Evaluate: Our team will review your information to determine how much money we can provide for your case. We have funded our clients with anywhere from $500 – $1,000,000 in past cases.
- You Get Your Money: We strive to get your money to you as quickly as possible once your tort fund is approved and the documents are signed. In some cases, we can deposit your money into your account within a single day!
We understand that you need your money now. You have been damaged, and the mass tort case drags on. So, we have streamlined our application process to make it quick, transparent, and hassle-free.
How to Know if Mass Tort Funding is Right for You?
Mass tort litigation funding is quick and easy to qualify for, and it carries no risk to your finances or assets. But that doesn’t mean it’s necessarily right for your needs. The following signs indicate that tort funding is a good choice for you:
- You are struggling to pay your current expenses.
- You have suffered significant injuries, expenses, or property loss due to the defendant’s actions.
- You have lost wages, employment, or current and future income.
- The insurance company is offering a lower settlement than you deserve.
Mass tort funding is not free. You will certainly keep less of your settlement if you take out one or more pre-settlement loans. Even with a low, simple interest rate like we charge, the case becomes more expensive the longer it drags out. If you can meet your current expenses without a loan, you may be better off without one.
Or, if you have received a fair offer for your damages, further negotiation may harm your position. You know your circumstances and needs. We know mass tort litigation funding. If a pre-settlement loan is right for you, we will help you get the financing you need.
Is Your Lawyer’s Approval Necessary for Mass Tort Funding?
Tribeca Lawsuit Loans requires that all clients be represented by a contingency-based attorney or law firm. This protects both our investors and your interests. Studies show that clients represented by a lawyer typically earn far more compensation than those who represent themselves.
We consider our relationship with your lawyer critical to your case’s outcome. We must have your attorney’s approval before we can fund your loan. Most contingency-based lawyers welcome mass tort funding. However, because some prefer not to involve a third party in the payment process, we will strive to come to an agreement with your representation.
If your lawyer refuses to accept pre-settlement funding, we will be unable to provide you with a loan. However, should you switch to an attorney who is open to our financing, we would be happy to assist you. Otherwise, you will have to find other funding, like credit cards, a mortgage refinance, or other recourse debt.
Apply Today for Mass Tort Lawsuit Loans
If you’re ready to access the money you deserve today while you wait for an appropriate mass tort settlement or court award, funding from Tribeca Lawsuit Loans is the answer. Get started today by clicking the green “Apply Now” button at the top of the page.
Get anywhere from $500 to $1,000,000 in your bank account in as little as 24 hours following your approval. The money you need is waiting for you.
Mass Tort Litigation Funding Frequently Asked Questions
What is a mass tort?
A mass tort is a civil action wherein many plaintiffs sue a single defendant or few defendants for damages caused by a common product, service, or wrongdoing. Examples of mass tort litigation include:
- Defective medical devices, like:
- Damaging Pharmaceuticals, like:
- Defective products, like:
- Wrongdoing, like:
Although mass tort cases are consolidated, each plaintiff and case is considered individually. As a result, some plaintiffs in a mass tort case may have the financial security to see their case through to a just conclusion. However, some may need mass tort litigation funding to pursue justice.
What is mass tort vs. class action?
While both mass tort litigation and class action lawsuits involve multiple plaintiffs, the two forms of lawsuits differ in the amount of control each plaintiff has over their case. A class action treats all the claimants as members of a group. Every group member is considered to have suffered the same harm and to be due the same compensation.
A mass tort treats each plaintiff’s case individually, with the damages considered on a case-by-case basis. At Tribeca Lawsuit Loans, we provide both mass tort funding and legal financing for class action lawsuits.
What type of damages can I claim in a mass tort case?
There is a wide range of potential damages that may be claimed in mass tort litigation. The plaintiff can sue for compensation for damages like:
- Medical expenses, both past, and future
- Medical care
- Physical therapy
- Lost wages
- Reduced earning capacity
- Pain and suffering
- Emotional distress
- Property damage
- And many more
Suing for compensation for the damages you have suffered is your right. If you cannot afford to pay your bills while the lawsuit drags on, mass tort litigation funding may be the answer you need.
How long does mass tort litigation take to settle?
Mass tort litigation is typically very complex, with multiple claimants against one or more defendants. This complexity makes mass torts take longer than more simple personal injury suits. And there is no fixed timeline or deadline by which the litigation must be completed. While some may settle within a couple of years, there are asbestos-related mass torts that have been ongoing for more than 40 years. If a plaintiff does not have the money to wait out the lengthy process, mass tort funding can empower them to pursue the best possible compensation.
Why file a mass tort?
If the actions of a company have harmed you, there are several advantages to joining mass tort litigation rather than a solo lawsuit:
- Many coordinated claimants can better counter a powerful defendant with vast financial resources.
- Many coordinated claimants help to demonstrate the wide-ranging damages caused by the company.
- Expensive and detailed case preparation completed for a single claimant can be shared across many.
- Mass tort litigation streamlines a complex process. This can save plaintiffs time and money.
News Article: The Trials & Tribulations of Mass Torts