 Lawsuit
Funding Network Helps Those in Need- Press Release
Days Away from Losing His Home, Client Gets a Cash Advance
on his Zyprexa Claim.
Chicago, IL (PRWEB) July 27, 2006 -- Ron
S. developed type II diabetes while taking the prescription
drug Zyprexa. It was the beginning of a series of misfortunes
that began turning Ron’s life upside down. A recent
separation from his wife and the loss of a job forced Ron
to turn to family and friends for financial assistance. They
couldn’t help. Now faced with losing his home, he began
a search on the Internet to see if he could get a non-recourse
advance for his alleged claims against Eli Lilly & Co.
Ron searched the Web and learned about Lawsuit Funding Network,
Inc (www.lawsuitfundingnetwork.com). Lawsuit Funding Network
(LSFN), based in Morton Grove, IL, is a leading company in
a relatively new litigation funding business that eases the
burden of those experiencing financial difficulties.
Ron was expected to receive approximately $86,000.00 (minus
attorney’s fees and other costs) as a result of his
Zyprexa claim. Ron was willing to get an immediate cash advance
in exchange for a portion of his settlement proceeds.
“I was just so happy that Lawsuit Funding Network told
me they could help,” says Ron S. “I called other
lawsuit funding companies who told me they couldn’t
give me an advance on a pharmaceutical claim.”
“We have not only helped people with Zyprexa claims,
we’ve also helped claimants with alleged Vioxx claims
too,” observes Al Johnson founder of LawsuitFundingNetwork.com
LawsuitFundingNetwork.com has an advantage in the industry
by working with multiple funding sources. If one underwriter
turns down an application they immediately access another
funding source which may be assessing the same case using
different criteria.
“In some instances if we only worked with one underwriter
and the application was denied the claimant would be out of
luck,” says Johnson. “I need our clients to know
we’re going to do the best we can to try and find non-recourse
funding for them at the most competitive terms.”
Lawsuit funding, or non-recourse funding, can ease the burden
to those with financial difficulties resulting from missed
work or lost jobs due to wrongful termination, an automobile
accident, medical malpractice or personal injury.
Since the introduction of this type of financing there is
now an alternative for claimants in need; if their case qualifies
and is approved for funding they can receive the money they
need now allowing the attorney the additional time needed
to achieve the full value of the case. Claimants can generally
receive a non-recourse advance up to 10% the value of the
case as determined by the underwriter.
This type of funding is without risk to the plaintiff. There
is no obligation on the plaintiff to pay back the advance
if the lawsuit settles for less than the amount of the cash
advance or if no liability is found against the defendant
(and subsequently there is no recovery).
For additional information regarding lawsuit funding (also
referred to as a lawsuit advance, non-recourse funding, or
lawsuit loan) visit us at www.lawsuitfundingnetwork.com or
call 1-866-270-1466.
SOURCE: Lawsuit Funding Network Inc.
Note To Media:
For more information, or to schedule an interview with Lawsuit
Funding Network Inc, please contact Al Johnson at (866) 270-1466
or via email.
Lawsuit Funding Network
Phone 1-866-270-1466
Fax 1-847-470-1034
info@lawsuitfundingnetwork.com |
