MANASQUAN, N.J., Jan. 28, 2016 /PRNewswire/ -- Fair Rate Funding, a leader in pelvic mesh lawsuit funding, reports that Johnson and Johnson (J&J) has finally made an attempt to settle a small percentage of over 40,000 pelvic mesh product liability lawsuits currently pending in the United States. According to Bloomberg, Johnson and Johnson has pledged more than $120 million to resolve 2,000 to 3,000 of these cases.
The lawsuits allege that defects in design and manufacturing in pelvic mesh products, typically used to treat Stress Urinary Incontinence (SUI) and Pelvic Organ Prolapse (POP), caused the product to erode inside of women's bodies. These women allegedly suffered organ damage and were left in constant pain by mesh surgical inserts.
Women complain that Johnson and Johnson's Ethicon pelvic mesh products shrink and/or erode after implantation. This is said to cause organ damage, incontinence, inability to have sexual relations and constant pain. J&J agreed in June 2012 to pull some lines off the market.
Although J&J has agreed to resolve only a small amount of mesh lawsuits thus far, these settlements mark the first meaningful settlement outlay from J&J and its Ethicon subsidiary for a significant number of mesh lawsuits. The amount is said to apply to 2,000 to 3,000 mesh lawsuits currently pending.
J&J is a named defendant in the most pelvic mesh defect lawsuits by far. The victims of transvaginal mesh currently participating in pelvic mesh litigation number over 100,000. Suits are filed against several device makers, including American Medical Systems, Boston Scientific, Coloplast, and C.R. Bard.
Mesh manufacturer Boston Scientific recently pledged $119 million to resolve approximately 3,000 cases in its first attempt to settle these actions.
Paul M. Coppola, President of mesh lawsuit funding firm, Fair Rate Funding, commented on the story. "We are certainly pleased to see that some mesh victims will be afforded relief, if only in the form of monetary compensation. This settlement offer is a step in the right direction but only a small step as there are still tens of thousands of mesh victims waiting for settlement as the manufacturers dig in their heels."
Since learning of the problems caused by defective pelvic mesh, Fair Rate Funding has worked with thousands of plaintiffs in an effort to secure TV mesh lawsuit funding. These funds are used to help clients pay for ordinary expenses or whatever financial matters arise. There are absolutely no restrictions on the use of the money and no upfront costs to apply.
By offering cash now to help pay for any type of expense such as car loans, rent and mortgage payments, utility payments, personal loans, and daily living expenses, Fair Rate Funding eases some of the financial stress these plaintiffs endure. There are no restrictions on the use of the funds.
Fair Rate Funding specializes in advancing cash now for plaintiffs who are involved in personal injury lawsuits including pelvic mesh. Sometimes referred to as settlement loans or lawsuit loans, settlement funding is NOT a loan transaction but a purchase of a portion of a future recovery. If the lawsuit is unsuccessful for any reason and no money is recovered, the lawsuit funding is not repaid.
Fair Rate Funding stands ready to assist Trans Vaginal Mesh lawsuit plaintiffs with a TV mesh lawsuit funding, if they already retained an attorney. Click here to learn more about obtaining TV mesh lawsuit funding on your TV Mesh.
Fair Rate Funding works diligently to afford lawsuit funding to its applicants and has representatives standing by 24 hours a day, seven days a week to answer questions regarding the lawsuit funding process.
Fair Rate Funding's representatives are working around the clock to make sure each and every client gets the attention they need and to see them through to obtaining a cash advance. Fair Rate Funding is able to offer the lowest rates in the industry and makes the process as seamless as possible.
Fair Rate Funding lawsuit settlement funding programs are not a lawsuit loan or lawsuit loans although they are often referred to as such. A pre-settlement lawsuit cash advance is not a settlement loan or settlement loans because the advance is only repaid if the case is successful. Your attorney will repay your case funding or lawsuit advance ONLY if your case is won or settled.
Fair Rate Funding prides itself on providing the quickest approvals – as soon as 24 hours on most cases, the lowest monthly usage rates – as low as 2.5% per month, and the most attentive customer service in the lawsuit funding industry.
Fair Rate Funding also offers free case evaluations. If you are, at any time, not interested in pursuing lawsuit funding, there are no costs to you and absolutely no obligations.
For more information about lawsuit funding and other services from Fair Rate Funding, simply call a representative at 888-964-2224. Do not wait! Call Fair Rate!
SOURCE Fair Rate Funding