BP Oil Spill Settlement Granted Preliminary Approval, RD Legal Funding to Provide Settlement Funding to Attorneys & Plaintiffs

CRESSKILL, N.J., May 3, 2012 /PRNewswire/ -- Yesterday, U.S. District Judge Carl Barbier granted preliminary approval of the BP oil spill settlement, which includes the medical claims settlement and the economic claims settlement. Now that preliminary approval has been granted, the Court Supervised Settlement Program will begin functioning on June 4th. RD Legal Funding, LLC ("RD Legal"), a leading provider of lawsuit settlement funding solutions, can now advance settlement awards to plaintiffs and attorneys with BP settlements.

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With major MDLs and class action settlements, it often takes months, if not years, for involved parties to actually receive their settlement awards, even after the settlement amount has been finalized. RD Legal's proprietary Fee Acceleration program was designed specifically to bridge this gap by purchasing legal receivables and settlements.

Attorneys and plaintiffs no longer need to wait for slow-paying defendants, administrative delays, or court approvals of fee distributions. RD Legal has the financial resources to fund legal fees up to $20 million and beyond.

"Over the past 3 months, we have advanced over $7 million to attorneys and plaintiffs on settled cases," said Joseph Genovesi, Senior Vice President of Deal Origination at RD Legal. "If you are an attorney or a plaintiff with a settled lawsuit and you don't want to wait months or years to receive your money, we are ready and able to help you today."

Attorneys representing plaintiffs in the BP Oil Spill Litigation, as well as plaintiffs themselves, should contact RD Legal at 1-800-565-5177 for more information about settlement funding solutions. Interim lawsuit settlement funding does not require any kind of payments until the settlement is paid; there are no monthly interest or principal payments, nor are there any upfront points or fees. Once the necessary documentation is received, RD Legal can wire funds within days. RD Legal provides personalized, streamlined service and quick turnaround.

Founded in 1997, RD Legal has established itself as one of the nation's leading providers of post settlement lawsuit funding to attorneys and plaintiffs. Contact RD Legal at 1-800-565-5177 to speak with a settlement funding expert, or visit http://www.legalfunding.com.

SOURCE RD Legal Funding, LLC