Lawsuit Settlement Funding News: Merrill Lynch Settles Bias Lawsuit by Black Brokers for $160 Million

FAIRFIELD, N.J., Oct. 7, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they have begun assisting some of the 1200 black plaintiffs who were part of the recently announced $160MM settlement in the Discrimination Case brought against Merrill Lynch, now Bank of America, in Chicago, IL, even though the case is not officially approved by the judge.   

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Stowell & Friedman, LTD was the plaintiff's lead attorney on what is being categorized as one of the largest racial discrimination cases in history.  The work of the attorneys did not come easy as the case was originally filed in 2005, but denied class action status.  However, that ruling was overturned and granted in 2012, leading to the landmark settlement against one of the largest brokerage firms in the world. 

Chris Janish, CEO of Legal-Bay commented on the settlement, "The plaintiffs had such great representation from attorneys who listened to their claims and kept fighting for them.  We had been following this litigation for a while and we have now begun to assist plaintiffs who need a settlement cash advance from their proposed award prior to getting their funds."

Legal-Bay is a leader in wrongful termination, racial discrimination, and sexual harassment lawsuit funding cases in the work place.  Their funding programs are provided in the form of pre-settlement advances, not lawsuit loans, so the funds do not need to be paid back unless the case is successful, nor are their credit check approvals needed like a bank or credit card.  There are no upfront or monthly fees for a free case evaluation.  For more information on Legal-Bay's funding process on wrongful termination lawsuit funding you can log on to: http://lawsuitssettlementfunding.com/funding-process.php.

Typically the approval process is 48 hours in discrimination and wrongful termination cases; however any of the 1200 plaintiffs in the case of: George McReynolds v. Merrill Lynch are automatically pre-approved for settlement funding and can have a cash advance up to $100,000.00 wired into their account within 24 hours. 

Patty Kirby, Head of Funding on the Merrill Lynch Discrimination Settlement Case, commented on the funding process for the Merrill Lynch plaintiffs, "Although most Legal Funding Companies will not fund a Class Acton Lawsuit of this nature, it is our company's familiarity with the parties in this suit that enables us to be one of the only companies to fund this particular case.  Legal-Bay has already provided a preferred funding rate to some of the plaintiffs in this settlement.  We will continue to assist any of the other plaintiffs with getting a low cost lawsuit cash advance from $10,000.00 to $100,000.00 within 24 hours of receiving their application."

To apply for a lawsuit cash advance or settlement funding on your discrimination, wrongful termination, sexual harassment – or any other work related lawsuit, you may apply to: http://lawsuitssettlementfunding.com or by calling Legal-Bay's toll free hotline at: 877.571.0405 where live agents can answer any of your questions.

SOURCE Legal-Bay LLC