Secret Settlements - The New Legislative Proposal

May 29, 2014, 15:33 ET from Pegasus Legal Funding, LLC

NEW YORK, May 29, 2014 /PRNewswire/ -- Legislation was recently introduced earlier this month that would force federal judges to consider public interest before sealing court records in personal injury and product liability lawsuits. The legislative measure, which is called the Sunshine in Litigation Act, was introduced by two senators in response to General Motor's ignition switch recall. The bill, if passed, would discourage secret settlements that some senators say GM entered into with some owners of the 2.6 million cars equipped with defective ignition switches. Victims who have suffered personal injuries related to the recalls such as the GM ignition switch recall should be privy to information regarding similar lawsuits.

Maciel Cruz a funding specialist at Pegasus Legal Funding, LLC feels that the practice of non-disclosed settlement agreements should be banned, particularly when public safety is at risk. "The public has a right to be informed of all the facts when it comes to any public harm," said Cruz.

Should this legislation pass it would create a legal presumption against protective orders shielding liability settlements from public view until a judge finds that secrecy outweighs safety and health concerns of the general public. If legislation such as this had been in place earlier, perhaps some deaths related to the faulty ignition switches could have been prevented.

When dealing with physical injury claims resulting from a product recall like the GM ignition switch, it is imperative that all the facts are on the table. Lawsuits can sometimes take months or even years to fight through. Pegasus Legal Funding's number one priority is to help victims and their families receive the compensation they deserve in a timely fashion.

If you or a loved one have been the victim of a personal injury related to a product recall Pegasus Legal Funding can help. If you're in need of lawsuit settlement funding you may apply right now to: If you prefer to speak to a live representative that can speak discreetly and professionally about your specific case and funding needs, you may call Pegasus' toll free hotline at: 855-FUND-YOU / 855-386-3968.

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SOURCE Pegasus Legal Funding, LLC