NEW YORK, May 16, 2014 /PRNewswire/ -- With the recent upswing of automotive recalls, victims of defective automotive products are on the rise. Automotive companies including GM and Ford have reported a variety of product recalls in their vehicles over the last few months. What is more frightening is the fact that many of the affected vehicles are not properly repaired once the recall was issued. Pegasus Legal Funding LLC, the legal funding company is dedicated to helping victims who have been adversely affected by defective products such as those associated with automotive recalls.
"Not a week goes by that a case doesn't come across my desk regarding a client who has been hurt as a result of a premise of product liability," said Ambica Samsundar of Pegasus' contracts department. "It's sad because it seems that with manufacturer and insurance companies, it is more about the dollars and cents than the human condition."
Because the U.S. doesn't have a law requiring the repair of used and/or rental vehicles that have been recalled for safety issues, individuals purchasing and/or renting these vehicles are not aware that the car could be dangerous. Rental car companies have the right to use their own discretion when it comes to performing repairs on recalled vehicles, and they are not required by law to share with customers whether or not a vehicle they are renting was repaired.
Last month it was GM's ignition switch recall, this month Ford is recalling nearly 4,000 F-Series full-size pickup trucks because, according to papers filed with U.S. safety regulators, they could slip into reverse and increase the risk of a crash. Many of these vehicles will and do remain on the roads unfixed.
When dealing with motor vehicle accident claims resulting from a manufacturer's recall that hasn't been addressed, it can sometimes take months or even years to resolve. Pegasus Legal Funding's number one priority is to help victims and their families while they wait to receive the compensation they deserve.
If you or a loved one have been a victim of a motor vehicle accident related to a defective product and need lawsuit settlement funding you may apply right now to: http://www.mylawfunds.com/contact-us.html. If you prefer to speak to a live representative that can speak discreetly and professionally about your specific case and funding needs, you may call Pegasus' toll free hotline at: 855-FUND-YOU / 855-386-3968.
SOURCE Pegasus Legal Funding