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How PreSettlement Lawsuit Funding Works
Written by: Afra AmirSanjari
An injured person contacts a company that offers pre-settlement lawsuit funding, sometimes at the suggestion of an attorney. The finance company contacts the lawyer who is handling the case, and obtains information about the case. Based upon that information provided, the loan company estimates the value of the likely eventual settlement or verdict, and offers a cash advance to the injured person based upon that estimate. The fee may be a flat fee, or a monthly fee that accrues each month the loan is outstanding. When the case settles, or the defendant pays after losing in court, the loan and associated fees are paid to the finance company.
These advances are offered as non-recourse fundi...
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Latest Settlement Funding News:
Activists say tobacco settlement is being wasted (AP via Yahoo! News)
In 2006, Alaska desperately needed cash to complete a museum featuring a mummified bison and other natural wonders of the frozen north. So the state dipped into its share of the landmark 1998 tobacco settlement.
Settlement Over School Is Reached (Washington Post)
The Loudoun County Board of Supervisors announced Tuesday that it had reached a settlement with Purcellville officials over plans to build a high school near the town, marking the end of a lengthy legal battle.
Court approves FreightCar America settlement (AP via Yahoo! Finance)
FreightCar America Inc. said Thursday that a federal judge has approved a class-action settlement over the closure of a Pennsylvania manufacturing plant.
Activists say tobacco settlement is being wasted (San Francisco Chronicle)
In 2006, Alaska desperately needed cash to complete a museum featuring a mummified bison and other natural wonders of the frozen north. So the state dipped into its share of the landmark 1998 tobacco settlement. The billions that began flowing from cigarette...
Activists say tobacco settlement is being wasted (The State)
In 2006, Alaska desperately needed cash to complete a museum featuring a mummified bison and other natural wonders of the frozen north. So the state dipped into its share of the landmark 1998 tobacco settlement. The billions that began flowing from cigarette makers to the states a decade ago also helped outfit the Niagara County, N.Y., golf course with new carts and sprinklers. And the money has ...
Activists say tobacco settlement is being wasted (The Charlotte Observer)
(By STEVE LeBLANC and JULIE CARR SMYTH, Associated Press Writers) In 2006, Alaska desperately needed cash to complete a museum featuring a mummified bison and other natural wonders of the frozen north. So the state dipped into its share of the landmark 1998 tobacco settlement. The billions that began flowing from cigarette makers to the states a decade ago also helped outfit the Niagara County, ...
Lockerbie settlement: Don't call it closure (The Record)
Families of the 270 passengers killed when a bomb blew Pan Am flight 103 out of the sky over Scotland said today that Libya's settlement payment of $534 million closes a chapter in their lives.
UK study quantifies gains from tobacco settlement money (Louisville Courier-Journal)
A University of Kentucky study evaluating $209 million in spending from tobacco settlement funds for agricultural diversification concluded the results have been positive in many areas, but said there wasn't enough data to measure the effectiveness of some efforts.
Settlement Aids Tobacco Farmers (The Kentucky Post)
LEXINGTON, Ky. (AP) - A University of Kentucky study finds that more than 50,000 current and former Kentucky tobacco farmers have benefited from the state's share of a decade-old settlement with tobacco companies.
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