Pegasus Legal Funding, LLC is ready to Help Victims Following the Recent Lift of Statutory Caps on Medical Malpractice Cases in Florida

News provided by

Apr 22, 2014, 09:06 ET

NEW YORK, April 22, 2014 /PRNewswire/ -- Those who have been affected by medical malpractice and wrongful death cases will now be able to seek proper compensation under Florida law and Pegasus Funding LLC, (Pegasus) is ready to provide financial assistance while their lawsuit is pending. Thanks to a recent groundbreaking decision issued by the Florida Supreme Court last month, the statutory caps on non-economic damages in certain medical malpractice cases has been lifted. Prior to this decision due to a strong insurance lobby and often cited rising insurance premiums, the state's legislature had placed caps on awards in medical malpractice cases which limited non-economic damages.

In the recent ruling, the Florida Supreme Court in a split 5-2 decision determined that the referenced state law violated the state constitution's equal protection clause. The Court noted that Florida had originally passed the law to address an alleged medical malpractice insurance crisis, but the court found that such a crisis never materialized and that the law, which limits damages to $1 million per incident regardless of the number of plaintiffs, is arbitrary and bears no rational relationship to its stated purpose.

"The recent Florida Supreme Court decision that struck down caps on certain awards in medical malpractice lawsuits should now enable those adversely affected by medical malpractice to seek proper compensation," said James Sheridan, Contracts Manager at Pegasus. "It is important that doctors and hospitals be held fully accountable for quality care they offer and the negative impact of its lifelong effects," added Sheridan.

Medical malpractice cases can often be complicated and time consuming leaving individuals waiting for months or even years before they receive proper compensation. Pegasus is versed in these types of cases, and helped by advancing millions of dollars a year in legal funding for victims and their families. In light of this recent development, Pegasus Legal Funding is now able to assist the hundreds of thousands of people and families who are adversely affected by medical malpractice and medical negligence that occurs in hospitals, surgery centers and medical offices.. Pegasus will now be able to provide a greater level of financial support based on clients' needs and will be able to help those who have suffered to receive the financial assistance required when they need it.

If you or a loved one have been a victim of medical malpractice, and need lawsuit settlement funding you may apply right now to: http://www.mylawfunds.com/contact-us.html. 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.

Logo - http://photos.prnewswire.com/prnh/20140123/NY51061LOGO

SOURCE Pegasus Legal Funding LLC