"Central Park Five" Settlement Puts Focus on Wrongful Incarceration Cases

NEW YORK, July 29, 2014 /PRNewswire/ -- Imagine spending over two decades of your life behind bars for a crime you didn't commit. That's exactly what happened to five New York men who were wrongly convicted in the 1989 Central Park jogger attack. The "Central Park Five" as they were called sued New York Police Department and the District Attorney's office for $250 million and received a settlement of $41 million this past June. The men were set free after serving 25 years in prison when career criminal Matias Reyes confessed to the crime, and DNA evidence confirmed he was responsible.

Some of the men spoke out recently, stating that no amount of money could make up for their lost dignity and youth. The group was referred to as a "wolf-pack," "super-predators" and "animals," phrases that will likely haunt their reputation for a long time.

Stories like this one put wrongful incarceration in the spotlight and there are thousands of similar cases like this each year in the United States. These victims have rights and are often in need of financial resources as they wait to be fairly compensated for the years of life that have been stolen from them. Pegasus Legal Funding LLC, (Pegasus) the lawsuit settlement funding company, knows that lawsuits such as "wrongful incarcerations" can take time to successfully resolve. They offer victims and their families the monetary support they need to make it through those tough times.

"These victims are never able to get the years back they spent behind bars," said Larry Stoddard of Pegasus. "But, the fact that we're at least able to help them with their bills and day-to-day expenses while they wait for their lawsuit to settle is definitely a positive. When dealing with the emotional stress that can come with cases like these, having the financial burden lifted can be a huge help."

Cases such as that of the "Central Park Five," where the legal system fails citizens by erroneously prosecuting the innocent are all too common and Pegasus is versed in helping victims receive the compensation they deserve. The legal funding company is dedicated to assisting you, or someone whom you love in getting their life back on track – even when the society looks at you with a pair of probing eyes.

If you, or a family member have been a victim of wrongful incarceration, and need lawsuit settlement funding you may apply right now to: http://www.mylawfunds.com/contact-us.html. As a direct funding company, Pegasus Legal Funding is in a unique position to provide assistance to you or your loved one's that may be involved in a lawsuit related to a trucking accident. Pegasus 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.

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SOURCE Pegasus Legal Funding