MANASQUAN, N.J., May 8, 2013 /PRNewswire/ -- Fair Rate Funding, an industry leader in the lawsuit funding business, announces the dedication of $10 million to help women injured due to the implanting of transvaginal mesh and slings. Qualified plaintiffs involved in TVM defect lawsuits can utilize pre settlement funding cash at their discretion to cover expenses such as rent, mortgage payments, medical procedures, etc.
In 2008, the Food and Drug Administration (FDA) issued a Public Health Notification on serious complications associated with surgical mesh placed through the vagina to treat POP (Pelvic Organ Prolapse) and SUI (stress urinary incontinence).
A more recent finding revealed that the erosion of mesh through the vagina is the most common and consistently reported complication from transvaginal POP surgeries using mesh. Further, mesh erosion can require multiple surgeries to repair and can be debilitating for some women.
Literally thousands of plaintiffs have joined in legal actions against the manufacturers of defective transvaginal slings and mesh products. These companies include Johnson and Johnson, C.R. Bard, Covidien and others.
Fair Rate Funding currently offers pre settlement loans for a wide variety of legal actions - including automobile accident lawsuits, slip and fall cases, medical and legal malpractice actions, Jones Act cases and many other legal proceedings. With the addition of funds specifically earmarked for TV mesh and sling defect cases, Fair Rate Funding plans to meet the growing need for pre settlement funding for victims of transvaginal mesh/sling products.
Paul Coppola, President of Fair Rate Funding, indicated that a recent jury verdict in New Jersey caused an increase in application volume. "We try to meet the increase in demand for funding by seeking out additional pools of funds to help these individuals," Coppola said. "Fair Rate Funding has secured more than adequate financial resources to fund the large amount of mesh lawsuit funding applications."
Coppola said mesh defect cases were funded by Fair Rate Funding in the past however, only a limited amount of dollars were available until recently. He continued, "Gaining access to additional money means we can help more women than ever before. Clients can receive cash advances on their TV defect lawsuit in amounts up to $50,000.00. The money can be used to offset basic expenses but can also pay for much needed revision surgery."
Applicants can apply for pre settlement funding by calling 888-964-2224 or visiting http://fairratefunding.com. Fair Rate Funding offers lawsuit loans to plaintiffs who qualify. Once the process is completed, clients can expect their money in as little as 12 hours.
Contact: Marjorie Ray, [email protected]
SOURCE Fair Rate Funding