Category Archives: Consumer

Legal-Bay Pre-Settlement Funding Company Braces For Busy Holiday Season

JERSEY CITY, N.J.Dec. 10, 2018 /PRNewswire/ — Legal-Bay, the Pre-Settlement Funding Company, announced today that they have extra staff preparing for the busy Christmas season, when clients looking for pre-settlement lawsuit funding picks up. Legal-Bay is one of the leading lawsuit funding companies in the industry, and they have a fast approval process.

The Alliance for Responsible Consumer Legal Funding (ARC) Statement Regarding the Georgia Supreme Court Decision Ruth v. Cherokee Funding

Litigation Finance Primer

“We are very pleased that the Supreme Court in Georgia took its time in rendering a thoughtful decision in this matter. The decision is consistent with what State Legislatures have said across the country, that this product is not a loan and should not be treated as such,” stated Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding. “The Court recognized the contingent nature of consumer legal funding agreements carry no obligation of repayment and thus, cannot constitute a loan. We hope this decision will finally put to rest the question of whether or not consumer legal funding is a loan or not a loan.”

SPONSORED POST: Litigation Finance Opportunity for ‘David vs. Goliath’ Case

Litigation Finance Primer

Loewinsohn Flegle Deary Simon is prosecuting a claim valued at $31m. We are raising $2.3m for return within 12 months, possible additional upside. $450k to close, balance on run rate 30 days net to trial.

The claimant is a single individual plaintiff who is a very credible former investment banker. Claimant is very knowledgeable and is committed to conclusion of the claim. One defendant is a large international financial institution and the second defendant is a highly liquid mortgage loan originator. Case documents are structured finance and real estate. Defendant’s counsel is a national general practice firm, lead defense counsel is 4-year partner. This is a complex financial claim, fact intensive, document case. Documents we hold support an opinion letter from a legal 500 firm at 80% chance of recovery. Damages are supported by preliminary economic expert and other case documents.