MANASQUAN, N.J., June 30, 2015 /PRNewswire/ -- Fair Rate Funding, a leader in defective hip lawsuit funding, reports that a Plaintiff was recently awarded $4.5 million by a jury in Los Angeles County on June 12, 2015 in favor of Alan Warner and his wife against Wright Medical Technologies, Inc.
Warner was implanted with one of Wright Medical's hip transplant products, the Profemur R implant. The implant fractured in 2010 and resulted in the need for numerous revision surgical procedures. The award consisted of $4 million for past and future pain and suffering and $500,000 to Warner's wife for loss of consortium. The jury found that although Wright Medical was not negligent in designing the implant, the defect occurred during the manufacturing process. More specifically, that the implant broke due to being weakened by a laser in the manufacturing process. Wright Medical is expected to appeal the verdict.
This case was the first to go to trial out of nearly 1,200 pending cases involving Wright Medical Technology Inc.'s metal hip implants. The majority of other lawsuits over allegedly defective Wright hip implants claim metal components in the devices ground together and released toxins into patients' blood. The Warner's case is the first time Wright has defended its metal hip implants before a jury in any capacity.
The trial lasted for three weeks and the 12-member jury deliberated for over a day and half before deciding in favor of Mr. Warner.
"It seems as though many of the trial verdicts involving hip implants are being decided in the plaintiff's favor. Unfortunately, the waiting must continue for injured plaintiffs," said Paul Coppola, President of Fair Rate Funding, a company which specializes in advancing cash to plaintiffs prior to settlement. "With over 1,000 claimants, litigants are not likely to see any monetary relief in the short term."
Since learning of the problems caused by defective hip implants, Fair Rate Funding has worked with thousands of plaintiffs in an effort to secure defective hip 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.
For more information on how Fair Rate Funding helps victims of defective hips with defective hip lawsuit funding, visit http://professionalsettlementfunding.com/depuy-hip-replacement/.
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 defective hips. (See http://professionalsettlementfunding.com/product-liability/) 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. For answers to frequently asked defective hip or defective hip lawsuit funding questions, visit: http://www.fairratefunding.com/depuy.html.
Fair Rate Funding stands ready to assist defective hip lawsuit plaintiffs with a defective hip lawsuit funding, if they already retained an attorney. To learn more about obtaining defective hip lawsuit funding on your defective hip lawsuit in general, visit: http://www.fairratefunding.com/lawsuit-cash-advance.html.
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 or visit us at http://fairratefunding.com.
SOURCE Fair Rate Funding