CHICAGO, April 17, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, is reporting that Johnson & Johnson's DePuy Hip Unit scored a major verdict yesterday by not being found liable for any damages involving the much anticipated second ASR Hip case to go to trial. In the first case in Los Angeles, CA the jury awarded over $8MM to the plaintiffs. However, the jury in Illinois saw it a different way.
Legal-Bay is a plaintiff advocate firm for clients of the DePuy litigation, by providing plaintiffs with lawsuit cash advances today, prior to their cases even being settled. However, now that DePuy has won a major verdict many of the lawsuit funding firms may stop funding on DePuy, says Legal-Bay. However, Legal-Bay believes that the win for DePuy is only temporary, and they will remain funding these cases.
Patty Kirby, Head of Client Relations at Legal-Bay, commented, "We remain committed to our clients of the DePuy litigation in spite of the recent verdict in DePuy's favor. Although this may slow the litigation down a little bit, we firmly believe that these DePuy settlement values are still worth as high as $500K in some cases. We will continue to fund our ASR clients as needed; as well as assist the DePuy Pinnacle clients with funding and other services; including referring them to a national DePuy law firm if they haven't already retained counsel."
The verdicts are now evened up: one for the plaintiffs and one for the defendants in the "Bellwether Trials". The Bellwether Trials are designed to gauge the settlement ranges on the remaining 11K cases still in the system. Since each side already has a victory under its belt, there is sure to be more cases brought in front of juries to see exactly where the public's perception is as to DePuy's liability in the timing of the recall.
Legal-Bay's pre-settlement lawsuit funding program on DePuy cases offers clients a no risk transaction, where they only need to repay the advance if their case was successful. "Here is a perfect example of the risk that our industry takes on these cases. If Ms. Strum were to have taken a $50K advance with us last week, at least she would have had something to show for her lawsuit, as she would not have been obliged to repay our firm," explained Chris Janish, CEO of Legal-Bay. "We expect DePuy funding applications to rise now that many of the plaintiffs are in fear of walking away with absolutely nothing like Ms. Strum – although we do not have this same sentiment and will continue funding DePuy cases as we have been from the beginning of the litigation."
To apply for a no-risk, pay only if you win, lawsuit cash advance on your DePuy case, apply online at: lawsuitssettlementfunding.com or call toll free at: 877.571.0405 where agents are always available to take your call.
For DePuy Pinnacle Attorney and ASR patients that are in need of an attorney due to a faulty hip, Legal-Bay urges you to seek legal advice immediately as the time to file a claim is limited. You may contact Legal-Bay directly to speak with an agent about a free consultation at: 877.571.0405 or on the web at: Legal-bay.com.
SOURCE Legal-Bay LLC