Wrongful Death High Speed Crash Results in Verdict
If you have lost a loved one in an auto accident resulting from the negligence of another, you may be seeking compensation through a wrongful death lawsuit. Unfortunately due to the amount of money at stake, these types of cases can take months, even years to settle. If you are currently being represented by an attorney and considering lawsuit funding, we can assist you in your time of need.
The parents of a 16-year-old alleged driver negligence in the wrongful death of their daughter. The lawsuit stated that the driver of a Chevy Blazer was traveling nearly 100 mph on a residential street when he lost control of the vehicle and wrapped it around a tree. Their daughter, a front seat passenger in the Blazer, died at the scene. The family achieved justice with a $750,000 settlement, but it took over two years.
This case would have been good candidate for litigation funding. Litigation funding is a financial transaction to ensure a plaintiff does not have to accept a "low ball" settlement offer because he/she is strapped for cash. Instead, litigation funding is a cash advance so litigants can level the playing field, balance the scales of justice, and turn down inadequate settlement offers. This type of funding is often, incorrectly, referred to as a "lawsuit loan," but it is not a loan at all. There are no application fees, monthly payments, credit checks, or employment verification. Most importantly, a lawsuit cash advance is only repaid if, and when, a case successfully settles. Once approved, funds would arrive by wire or check within 24-48 hours. Once the funds have reached the plaintiff, the can be used at the plaintiffs' discretion, but is typical used to pay funeral and burial expenses, medical expenses, or important monthly obligations such as mortgage or rent payments and utility bills.
Removing financial pressure to settle a valuable case too early for too little could be a real difference maker for a case; it allows the plaintiff to patiently await justice and a fair and equitable verdict or settlement. So, don't settle for pennies on the dollar when some insurance company tries to downplay your loss with a low offer in your time of need. Look to an experienced provider of lawsuit funding instead, and see if those strategies make more sense to you.