NEW YORK, June 13, 2012 /PRNewswire/ -- Legal-Bay, the lawsuit settlement funding company, announced that they now have secured up to $5mm in capital for lawsuit funding of Transvaginal or Vaginal Mesh Cases along with the various makers of other Mesh Cases including, Bladder Slings, Kugel Mesh, and Hernia Mesh Patches. Legal-Bay has been an industry leader in the legal funding industry in product liability lawsuit cash advances. They have made a large commitment to funding of the DePuy and Johnson & Johnson hip implant recall; and have now made an equal commitment to the various Mesh Cases.
Patty Kirby, Head of Client Relations at Legal-Bay commented on the announcement, "We firmly believe in assisting the victims of the various Mesh Cases, specifically we have seen a very high volume of Transvaginal Mesh cases in which the injuries are substantial. Although there is a lot of uncertainty to many parts of this entire litigation, we are not only continuing to help these victims, but have actually increased our capital due to the demand from our client base."
It is estimated that over 70K Transvaginal or Vaginal Mesh implants were put in each year for the 5 years prior to the FDA warning. That figure doesn't include all the other type of Mesh Products and their makers that have been defective. Based on these figures, Legal-Bay projects that the overall Mesh Litigation will be one of the biggest in history. Legal-Bay has added staff and now capital to service the many Mesh Plaintiffs who are in need of a lawsuit settlement funding, prior to their cases settling in the courts.
Lawsuit funding -- or as sometimes referred to by plaintiffs as lawsuit loans -- enables plaintiffs to access capital at no risk to them if they lose their case. The advance is paid back only if and when a settlement is ultimately reached. Victims of the defective Mesh products that are in need of up to $30K today, can contact Legal-Bay's toll free 24hour hotline at 877.571.0405 or via the web at: lawsuitssettlementfunding.com to apply.
Patty Kirby, Head of Client Relations