CRESSKILL, N.J., July 17, 2012 /PRNewswire/ -- The TFT-LCD class action lawsuit has finally come to a close, with a record $1.1 billion settlement. For plaintiff's attorneys involved with the case, this is obviously great news. Unfortunately, it will most likely take many months before attorneys actually receive a dime of their hard earned fees. RD Legal Funding, LLC ("RD Legal") is positioned to provide immediate settlement financing to attorneys with TFT-LCD settlements.
LG Display, AU Optronics, and Toshiba have agreed to pay $571 million collectively to settle their lawsuits. This follows a December 2011 settlement where seven other manufacturers paid $553 million to settle allegations of price fixing. The $1.1 billion total between the two deals makes this the largest such settlement in US history.
TFT-LCD (Thin Film Transistor-Liquid Crystal Display) is a display technology used in certain flat panel televisions, computer monitors, notebook computers, mobile phones, personal digital assistants, and other devices. In 2006, ten manufacturers were accused of conspiring to inflate prices, which sparked numerous lawsuits. According to reports, there are approximately 20 million US consumers eligible to receive awards.
RD Legal can provide TFT-LCD plaintiff's attorneys with interim post-settlement funding, which provides immediate capital on unpaid settlements. Legal financing does not require any kind of payments until the fee is paid. Unlike bank financing and personal loans, there are no monthly interest or principal payments, as well as no upfront points or fees.
Once the necessary documentation is received, RD Legal can wire funds within days. RD Legal provides personalized service and quick turnaround. To speak with a legal financing specialist about attorney post-settlement funding, please call RD Legal at 1-800-565-5177, or visit their website at http://www.legalfunding.com for further details.
SOURCE RD Legal Funding