NEW YORK, Nov. 13, 2014 /PRNewswire/ -- Pegasus Legal Funding, LLC, announced today that they plan to prioritize their pre-settlement funding claims on transvaginal mesh cases based on the recent upswing in lawsuits being filed against Boston Scientific Corp. and others. Earlier this month Bloomberg News announced that a $73 million verdict was awarded to a Texas plaintiff in a transvaginal mesh lawsuit filed against Boston Scientific, however, that award has since been cut to $11 million due to the fact that Texas caps punitive damages at no more than two times a plaintiff's economic losses, plus up to $750,000 in non-economic losses.
According to an article on PRWEB, Boston Scientific is currently named as a defendant in more than 13,000 vaginal mesh lawsuits and there are over 60,000 transvaginal mesh or bladder sling cases pending with other mesh manufacturers. Plaintiffs' suits allege that the pelvic mesh device was defectively designed, and that Boston Scientific's handling of the product amounted to gross negligence. Prior to this award, Boston Scientific had won without any damages awarded to the plaintiffs in the first two cases that went to trial over the bladder or pelvic mesh sling.
Pegasus Legal Funding predicts that this large award and then the subsequent decrease will create some attention and in turn even more of an increase in cases entering the legal system. Although some may see the punitive and non-economic caps in the Texas case as unfair, it most likely won't deter victims struggling as a result of transvaginal mesh issues from taking action
Pegasus is encouraging women who have had transvaginal mesh or bladder sling issues, or who may have required a revision surgery to seek legal counsel to determine whether or not they have a claim.
If you, or a family member have been injured due to a transvaginal mesh complication, and need lawsuit settlement funding you may apply right now to: http://www.mylawfunds.com. As a direct funding company, Pegasus Legal Funding is in a unique position to provide assistance to you or your loved one's who may be involved in a lawsuit related to a transvaginal mesh or bladder sling. Pegasus Legal Funding does not offer a "lawsuit loan," lawsuit loans, pre-settlement loans, or a pre-settlement loan; however, we offer non-recourse lawsuit cash advances. To learn more about this please visit our website. If you prefer to speak to a live representative confidentially and professionally about your specific case and funding needs you may call Pegasus' toll free hotline at 855-FUND-YOU/855-386-3968.
SOURCE Pegasus Legal Funding