CRESSKILL, N.J., May 11, 2012 /PRNewswire/ -- Today is the last day to file claims under the historic Black Farmers Discrimination Litigation case. Settlements will not be awarded until all claims have been received and reviewed, which means a late 2012 date for settlement payments at the earliest, but likely much later. RD Legal Funding, LLC ("RD Legal"), a leading provider of lawsuit funding, can provide legal financing to qualifying plaintiffs as soon as their settlement amounts are finalized.
This landmark class action, also known as Pigford II, accused the USDA of systematically practicing racial discrimination against black farmers who applied for farm loans between 1983 and 1997. This resulted in many black farmers losing their farms or being forced to operate on a smaller scale.
With major class action settlements, it often takes months, sometimes years, for involved parties to actually receive their settlement awards, even after the settlement amount has been finalized. RD Legal's proprietary Fee Acceleration program was designed specifically to bridge this gap by purchasing legal receivables and settlements.
"Farmers could be waiting many more months before they ever see a dime from this settlement. With our post-settlement financing solutions, plaintiffs can receive compensation within days, not months or years," said Joseph Genovesi, Senior Vice President of Deal Origination at RD Legal.
Plaintiffs in the Black Farmers Discrimination Litigation should contact RD Legal at 1-800-565-5177 for more information about plaintiff settlement funding solutions. Interim settlement financing does not require any kind of payments until the settlement is paid; there are no monthly interest or principal payments, nor are there any upfront points or fees. Once the necessary documentation is received, RD Legal can wire funds within days. RD Legal provides personalized, streamlined service and quick turnaround.
Founded in 1997, RD Legal has established itself as one of the nation's leading providers of lawsuit settlement funding to attorneys and plaintiffs. For more information about RD Legal and their litigation funding solutions, visit their website at http://www.legalfunding.com. To speak directly with a legal funding specialist, contact them toll-free at 1-800-565-5177.
SOURCE RD Legal Funding, LLC