NEW YORK, Nov. 12, 2012 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they do not believe that any news regarding a potential settlement of the DePuy ASR litigation will come until 2013. More importantly, Legal-Bay has been informed that the litigation could drag out due to the recent news that the first settled cases were substantially less than what were expected, as reported in a Bloomberg article in August.
Legal-Bay has been funding plaintiffs of both the DePuy –Johnson & Johnson- ASR and Pinnacle models with pre-settlement funding up to $50K prior to the cases being officially settled. The advance is not a lawsuit loan since the funds will only be paid back out of a portion of the plaintiff's settlement. Legal-Bay is a leader in DePuy Lawsuit Funding, and has kept their clients abreast of the litigation due to their legal contacts directly connected with the DePuy Hip Recall Litigation.
Patty Kirby, Head of Client Relations at Legal-Bay, commented on what the firm is hearing regarding the litigation, "It seems that many of the plaintiffs and law firms were unhappy about the news of the first settled cases, even though there is no proof to the reports due to the confidentiality of the DePuy settlement. However, we are being told that many law firms are now taking a hard line against DePuy looking for settlement ranges north of $500K. This more aggressive approach could seriously drag the litigation longer than originally expected."
There are close to 9000 DePuy cases already filed in State and Federal Courts located in: California, Florida, Maryland, Ohio, Utah, Wisconsin and more to come. With over close to 50K implants made in the U.S., that number could reach 12K suits before it is all said and done. That doesn't include the DePuy Pinnacle model, which had approximately 120K implants in the U.S. only.
Legal-Bay is a plaintiff advocate firm which has been assisting many of the DePuy victims with lawsuit funding if they have already retained a lawyer, as well as assisting many of the DePuy clients with obtaining a lawyer if they don't have one yet. However, time is running out in some jurisdictions to file a claim. Legal-Bay urges DePuy victims who are experiencing issues with the hip implant –or who have high Chromium or Cobalt metal poisoning due to the metal on metal hip implant- to seek legal advice immediately.
If you have questions regarding the DePuy Settlement News, need a pre-settlement funding cash advance, or need assistance in hiring a lawyer for your DePuy lawsuit, feel free to contact Legal-Bay online at: lawsuitssettlementfunding.com or call toll free at 877.571.0405 where experienced agents are standing by 24 hours a day.
Contact: Patty Kirby, Email email@example.com
SOURCE Legal-Bay LLC