CRESSKILL, N.J., Dec. 16, 2014 /PRNewswire/ -- RD Legal Funding, LLC ("RD Legal"), an industry leader in the post-settlement finance space, can now provide funding to plaintiffs' attorneys whose fees are delayed in pharmaceutical cases. These cases are subject to chronic delays, where legal proceedings before the trial starts can take years. RD Legal's Fee Acceleration product can provide usable capital to attorneys facing payment delays tied to pharmaceutical related legal fees.
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"Many people associate legal funding with plaintiffs, but we are providing the benefit of quick capital to plaintiffs' attorneys," says Joseph Genovesi, President of RD Legal. "We understand the unique cash flow issues plaintiffs' attorneys face and have been providing solutions to those problems since 1998."
Pharmaceutical cases often languish due to structural delays, where pre-trial legal proceedings can be longer than the trial itself. Once a verdict or judgment is rendered or a settlement is reached, delays can still occur, which further postpones payment of the attorney's fee.
In recent years, pharmaceutical companies have settled with plaintiffs for huge amounts over drugs including Avandia, Actos, Abilify, Yaz/Yasmin, Fosamax, GranuFlo, NaturaLyte, Januvia, Byetta, and Prempro. These are just a handful of recently settled pharmaceutical cases. In addition to those pharmaceutical drugs, settlements have been reached over medical devices like Biomet Hips, DaVinci Surgical Robot, DePuy Hips, Transvaginal Mesh, Medtronic Infuse Bone Graft, and the St. Jude Defibrillator.
Through RD Legal's Fee Acceleration product, countless attorneys have received capital so they can reinvest in ongoing cases, revive languishing cases and avoid referring the fee, advertise for new clients, start a new practice area, infuse fresh funding in firm operations, or satisfy any costs or expenses from a previous case. Since 1998, RD Legal has provided financing to attorneys based on their settled case fees, allowing them to bypass the waiting period and receive payment without waiting months or even years.
The types of delays attributable to many pharmaceutical cases can mean huge unpaid costs and expenses for plaintiffs' attorneys. RD Legal is able to alleviate problems that may occur due to this waiting period and provide financing on settled case fees associated with pharmaceutical litigation. RD Legal can fund in all 50 states and territories, including Puerto Rico.
For more information about RD Legal's Fee Acceleration product, please call 1-800-565-5177, ext. 140, to speak with Joseph Genovesi, President of RD Legal. You can also email Mr. Genovesi at [email protected]. To apply for funding, please fill out our brief online application.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rd-legal-funding-can-accelerate-delayed-settled-case-fees-to-plaintiffs-attorneys-with-pharmaceutical-cases-300010178.html
SOURCE RD Legal Funding
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