Commercial Litigation Lawsuit Funding Capital Raised at Legal-Bay

NEW YORK, Dec. 9, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they are immediately beginning to fund larger amounts– and have a general increased focus- on commercial litigation cases.  Most legal funding companies do not fund commercial litigation cases, including judgment on appeal or verdict on appeal cases; however Legal-Bay has always been a leader in funding these types of cases even though they are more complex in nature. 

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Recently Legal-Bay had announced the allocation of up to US$10MM in funding for B.P. Business Claim Funding or Pre-Settlement Funding on the business owner's B.P. Lawsuit.  The company has now secured additional funding for other types of commercial litigation cases including, but not limited to: Judgment on Appeal or Verdict on Appeal cases, Qui Tam or Whistle Blower Cases, Breach of Contract cases, and large Wrongful Termination cases, and B.P. BEL pre-settlement funding.  (The lawsuit cash advances are not considered lawsuit loans or settlement loans.)

Chris Janish, CEO of Legal-Bay, commented on the company's increased commitment to plaintiffs in need of large pre-settlement funding amounts, "We have demonstrated this year our commitment to fund B.P. business owner's large amounts on their commercial litigation claims. We are now starting to fund large commercial cases involving Judgment on Appeal and Verdict on Appeal cases and large wrongful termination or discrimination cases. We couldn't be happier with the increased commitment from our institutional investors to basically give us an uncapped credit line for a bevy of commercial litigations cases starting now and all of 2014." For a full list of Legal-Bay's commercial litigation cases and to learn more about their settlement funding solutions you can log onto: http://lawsuitssettlementfunding.com/commercial-lawsuit-funding.php

Legal-Bay stands ready to assist more B.P. business owners even though the 5^th Circuit Court of Appeals in New Orleans, LA has just ordered a "stay" on many of the valid claims in the B.P. Claim Center.  Legal-Bay remains one of the only companies in the legal funding community that is still committed to B.P. Claim Funding even though there remains a substantial amount of risk involving the overall litigation. At the very minimum many experts are anticipating a major slowdown in the B.P. Claim Center paying claims. A non-recourse pre-settlement advance is a great way to guarantee that the business owner will receive something from their B.P. Claim– even if the claim is ultimately denied by B.P.-  as all of Legal-Bay's lawsuit cash advances only need to be paid back if the plaintiff wins their case.        

Legal-Bay is also ready to commence additional funding on the Merrill Lynch Black Broker Bias Discrimination and Wrongful Termination Cases now that the time to file a claim has arrived.  Legal-Bay has been providing up to $100K in Cash Advances on some of those cases already, just in time for the holiday season.

If you are in need of a pre-settlement funding on your Judgment on Appeal, verdict on Appeal, Qui Tam or Whistle Blower,  Breach of Contract, Wrongful Termination, or B.P. Claim, feel free to apply online at: http://lawsuitssettlementfunding.com or by calling Legal-Bay's toll free hotline at: 877.571.0405 where live agents are always available to answer your commercial litigation funding questions.

Contact:  Patty Kirby, Head of Client Relations

                  Ph. 877.571.0405   Email: [email protected]        

SOURCE Legal-Bay LLC