CRESSKILL, N.J., Dec. 14, 2015 /PRNewswire/ -- As transvaginal mesh (TVM) litigation continues to work its way through the courts, some huge verdicts have been handed down and a small number of settlements have been reached. Even in those vaginal mesh cases where a settlement has been agreed upon, administrative delays can hold up the payment of attorney fees for months, causing cash flow issues for those who have worked hard in the litigation. Since the onset of these cases, RD Legal Funding, LLC ("RD Legal") has followed the developments and has been aware of the payment delay issues that can arise for transvaginal mesh lawyers. Roni Dersovitz, Founder of RD Legal, said "As a former trial attorney, I intimately understand the constraints that attorneys face in these kinds of situations. RD Legal stands ready to offer funding to plaintiffs' attorneys with delayed fees in their vaginal mesh settlements if necessary."
Originally, the purpose for transvaginal mesh was to treat women who had a pelvic floor disorder. It was created to provide extra support for repaired or damaged tissue. As concerns and complications became widespread, many recipients of the mesh needed multiple surgeries to alleviate their problems causing further damage and disruption to their lives. In similar kinds of class action lawsuits, complaints to the Food and Drug Administration (FDA) and other consumer related agencies about faulty products eventually led to lawsuits. Transvaginal mesh followed the same trend and many recipients pursued litigation against various manufacturers.
Several multi-district litigations (MDLs) involving tens of thousands of cases were established in the U.S. District Court of Southern West Virginia. Manufacturing companies include C.R. Bard, American Medical Systems, Coloplast, Boston Scientific, and Ethicon (a subsidiary of Johnson & Johnson). There have been plaintiff's verdicts in several of the bellwether trials, and some manufacturers (including C.R. Bard and Boston Scientific) have announced settlements in some of their claims this year. The court continues to encourage settlement negotiations among all the parties, and it is hoped that momentum is building for large-scale resolutions of these claims in 2016.
Since 1998, RD Legal has been a pioneer in post-settlement funding with their Fee Acceleration product. For any attorney looking for an advance on their vaginal mesh attorney fee or on any other delayed settlements, please contact RD Legal at 800-565-5177. They can also fill out the application on RD Legal's website, http://www.legalfunding.com.
RD LEGAL FUNDING LLC
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SOURCE RD Legal Funding, LLC