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Legal-Bay Lawsuit Funding Announces “Feed or Fund” Donation / Promotion to Feed Families in April

By John Freund |

CALDWELL, N.J., April 13, 2020 /PRNewswire/ — Legal-Bay, the nation’s leading lawsuit settlement funding company, announced today that they have committed to providing coronavirus relief with their new “feed or fund” program. Plaintiffs who may be seeking legal funding are now being given even more incentive to apply for a settlement loan with this latest unprecedented offer.

Families affected by the coronavirus may be unemployed right now, and Legal-Bay is determined to help them obtain their lawsuit settlement loans as soon as possible. The company is running a promotion for plaintiffs who have a pending lawsuit, but need cash now. The promotion will run from today until April 30, 2020, and works like this: Any clients that apply for a lawsuit loan or cash advance and are denied will be eligible to receive a $60 gift card to feed their family in this time of need. If your case is approved for funding, then Legal-Bay will proceed to fund you and you will not be eligible for the gift card.

To apply right now, please go to: http://lawsuitssettlementfunding.com or call 877.571.0405 where live agents are available 24 hours a day to assist you.

Chris Janish, CEO of Legal-Bay commented, “Unfortunately, people with pending lawsuits are already at a low point in their life, and having to deal with unemployment or illness due to Covid-19 is unimaginably difficult. Our ‘feed or fund’ promotion is geared toward letting plaintiffs know that we are open for business and able to fund them in this dire time.  And more importantly, if your case is denied you will not be left out in the cold, as we will be donating a $60 food card to any applicants who are denied legal funding over this period as well.”

Legal-Bay has chosen Grubhub and Uber Eats along with other national vendors to assist them during this promotion because they can offer bulk gift cards quickly via email delivery to families in need. Legal-Bay expects to have all gift cards delivered electronically between May 1 and May 15.

The program is designed to add extra incentive to people who are at a particularly difficult time in life, or have been denied funding in the past because they have a prior contract. Legal-Bay is one of the best lawsuit funding companies because they accept applications on almost all lawsuits.  They are also the best legal funding company when it comes to large buyouts of prior lawsuit loans, whereas the original funding company has stopped funding.  Legal-Bay has a Best Price Guarantee for all their clients, so most times buyout cases can be refinanced at cheaper rates than the existing loan.  What this means is that it’s possible to get an additional cash payment and yet still maintain the same payback terms. It costs nothing to inquire about refinancing options; the evaluation is free.

Here are just some of the cases that Legal-Bay will consider: Car and truck accidents, discrimination or wrongful termination, medical malpractice, sexual harassment and abuse, nursing home abuse, wrongful imprisonment, police brutality, labor law or construction accidents, Jones Act or maritime law, Fela or train accidents, personal injury, verdict on appeal cases, commercial litigation funding, civil cases involving general negligence, wrongful death, Hernia Mesh, IVC Filters, Round Up, Essure, attorney case cost funding, breach of contract, slip, trip, and falls, premise liability and more.

The legal process can be slow-moving, and many plaintiffs have not yet considered the financial strain they will incur as they wait for their cases to settle.  With courts closed down for many months due to Covid-19, it is anticipated that most civil lawsuits will be delayed for even longer than normally expected.  If you’re wondering how you will get through this period of economic and employment uncertainty, it may be time to consider pre-settlement funding as a viable cash option.

The application process couldn’t be easier, and if your case is approved, you can expect to receive your presettlement money within 24 hours. Plaintiffs are often pressured into settling lawsuits at a much lower sum than what they may actually receive at the trial, but the right funding company can keep this from happening by buying plaintiffs time to obtain a fair settlement. Procuring cash funding in advance of a final ruling can be a valuable tool if used properly.  There are no credit checks or out of pocket expenses, and even if you are out of work or unemployed we can help you based on the strength of your case.  Many businesses like a Baker operation or people on Street need funding, and can apply regardless of their employment status.

To qualify for the free gift card the following items are contingent:

  1. You must be a new applicant, existing clients do not qualify
  2. Legal-Bay must receive all required documents from your law firm and have access to speak to your lawyer to adequately evaluate your case
  3. Cases that are approved for funding for any amount are not eligible for a gift card

Again, if your law firm is unable or unwilling to participate in the evaluation process then you will not qualify for the gift card. To learn more, please view CEO Chris Janish’s message about the “Feed or Fund” promotion on YouTube by clicking HERE.

Legal-Bay urges anyone that knows a family member in need of coronavirus relief and has a pending lawsuit to forward this information to them immediately. Pre settlement funding will help to lift the burden through this trying time. A simple phone call could change their financial circumstances within a matter of days.

To apply right now, please go to: http://lawsuitssettlementfunding.com or call 877.571.0405 where live agents are available 24 hours a day to assist you. “Legal-Bay is just a call away.”

Disclaimer – Legal-Bay’s funding programs are non-recourse cash advances, and although many plaintiffs refer to them as loans, they are not a lawsuit loan, lawsuit loans, settlement loan or settlement loans of any kind. The risk-free cash advances are unlike a loan because if you lose your case you do not need to repay the advance.

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Fernando Gragera joins Aon to lead the litigation and contingency insurance practice in Iberia

By Harry Moran |

Aon strengthens its M&A and Transaction Solutions team and pioneers a local team specialising in the management of these risks

Aon plc (NYSE: AON), a leading global professional services firm, has appointed Fernando Gragera as Director of Litigation and Contingent Risks for Spain and Portugal. Fernando will join the Iberia M&A and Transaction Solutions (AMATS) team led by Lucas López Vázquez, and globally in Aon's international Litigation Risk Group. His role will be to develop the litigation insurance practice and assist Aon's clients in transferring risks arising from litigation and contingent situations.

Fernando Gragera, a Spanish lawyer and solicitor of England and Wales with more than 13 years of professional experience, comes from PLA Litigation Funding, a litigation funder specialising in the Iberian market. Previously, he worked as a lawyer in the litigation and arbitration department of Cuatrecasas and as in-house counsel at Meliá Hotels International, where he was responsible for the group's litigation and arbitration.

This appointment responds to the growing interest from investment funds, corporations and law firms in covering contingent and litigation-related risks and makes Aon the first professional services firm with a local team specialising in contingent and litigation solutions in Iberia.

Miguel Blesa, head of Aon Transaction Solutions in Iberia: "Fernando's appointment is a major milestone for the industry and embodies a commitment we have been working on for years. In this way, we reinforce our commitment to continue to support our clients and help them make the best decisions to protect and grow their business”.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.

Follow Aon on X and LinkedIn. To learn more visit our NOA content platform. 

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Announcements Case Developments Commercial

Altroconsumo Secures Impressive 50 million Euro Settlement for 60,000 Participants to Dieselgate Class Action in Italy

By Harry Moran |

Altroconsumo and VW Group have reached a ground-breaking agreement, providing over 50 million euro relief to over 60,000 Italian consumers affected by the emissions fraud scandal. Celebrating this major win for Italian consumers, Euroconsumers calls on Volkswagen to now also compensate Dieselgate victims in the other Euroconsumers countries. 

The settlement reached by Altroconsumo, arising from a Euroconsumers coordinated class action which commenced in 2015 ensures that Volkswagen will allocate over 50 million euros in compensation. Eligible participants stand to receive payments of up to 1100 euros per individual owner.

This brings an end to an eight year long legal battle that Altroconsumo together with Euroconsumers has been fiercefully fighting for Italian consumers and marks a significant milestone in seeking justice for those impacted by the ‘Dieselgate’ scandal.

“We extend our massive congratulations to Altroconsumo for reaching this major settlement in favor of the Italian Dieselgate victims. Finally, they will receive the justice and compensation they deserve. This milestone underscores the importance of upholding consumer rights and the accountability of big market players when these rights are ignored, something Euroconsumers and all its national organisations will continue to do together with even more intensity under the new Representative Actions Directive” – Marco Scialdone, Head Litigation and Academic Outreach Euroconsumers

Together with Altroconsumo in Italy, Euroconsumers also initiated Dieselgate class actions against the Volkswagen-group in Belgium, Spain and Portugal. While the circumstances are shared, the outcomes have been far from consistent.

“Euroconsumers was the first European consumer cluster to launch collective actions against Volkswagen to secure redress and compensation for all affected by the emissions scandal in its member countries. After 8 years of relentless pursuit, we urge the VW group to finally come through for all of them and give all of them the compensation they rightfully deserve. All Dieselgate victims are equal and should be treated with equal respect.” – Els Bruggeman, Head Policy and Enforcement Euroconsumers

Consumer protection is nothing without enforcement and so Euroconsumers and its organisations will continue to lead important class actions which benefit consumers all across the single market. 

Read the full Altroconsumo press release here.

About Euroconsumers 

Gathering five national consumer organisations and giving voice to a total of more than 1,5 million people in Italy, Belgium, Spain, Portugal and Brazil, Euroconsumers is the world’s leading consumer cluster in innovative information, personalised services and the defence of consumer rights. Our European member organisations are part of the umbrella network of BEUC, the European Consumer Organisation. Together we advocate for EU policies that benefit consumers in their daily lives.

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Announcements Commercial

New Study Reveals How GCs and CFOs Across Industries Manage Legal Risk and Value in an Uncertain Climate

By Harry Moran |

Burford Capital, the leading global finance and asset management firm focused on law, today releases a new study that examines how senior legal and finance department leaders across industries approach litigation spend, legal cost and risk management and optimizing legal department value.

Much has changed in the 15 years since Burford's inception in the wake of the global financial crisis. Economic, political and societal changes have impacted different industries and their legal functions in different ways. This study reveals how leaders from both legal and finance functions in various industries are responding to both external and internal factors—adapting their legal strategies to navigate the evolving landscape effectively—and where they plan to allocate resources moving forward.

The research is gathered from online interviews with 400 senior lawyers and finance professionals across ten industry sectors, shedding light on their decision-making processes regarding commercial disputes as well as cost and risk management within their legal departments. Industry sectors addressed are construction and real estate; consumer goods and services; energy; food; healthcare; manufacturing; mining; pharma and life sciences; retail; and transportation and supply chain.

Key findings from the study include:

  • Senior legal and finance leaders in construction and mining expect the biggest increases in litigation spend in the next five years, with pharma and food close behind.
  • 3 of 4 GCs and CFOs in construction and real estate say a top priority is to increase certainty and predictability of legal costs—25% higher than the average across all industries.
  • Pharma and life sciences GCs and CFOs are four times more likely than the average across all industries to say they could reallocate $50 million or more elsewhere in the business by financing litigation and arbitration.
  • Almost two thirds (65%) of senior finance and legal leaders at mining companies say that in the next 15 years they are likely to use monetization, a legal finance solution that provides businesses immediate capital by advancing some of the expected entitlement of a pending claim, judgment or award.
  • Half of GCs and CFOs at food companies expect their organization's litigation and arbitration spend to increase by more than 25% over the next five years; they are also 54% more likely to have used legal finance than the average across all industries.
  • A third of senior finance and legal leaders at energy companies say they already have a robust affirmative recovery program in place, nearly twice as many as the average across all industries. 
  • Healthcare, retail and consumer GCs and CFOs are more likely to say legal finance can play a significant role in reducing overall litigation and legal costs, perhaps reflecting these sectors' typically thin margins and their desire for innovative cost-saving measures.
  • Finance and legal leaders at retail companies are the most likely to say they intend to invest heavily in legal technology and AI over the next year.
  • Industries in which leaders anticipate the largest increases in future litigation spend do not currently have the largest budgets, suggesting a significant shift in litigation priorities among some industries.

Christopher Bogart, CEO of Burford Capital, said: "Burford's latest research affirms that GCs and CFOs across industries are thinking about new ways to create value for the business, which is at the heart of our work to help clients reframe the legal department from cost center to capital source.

"Burford was founded in the wake of the 2009 global financial crisis, and we recognize that our capital and expertise are especially valuable in challenging times. A major shift since our founding is the continued expansion of our client base from law firms to companies, including very large ones, and financing arrangements with companies now account for the majority of our business. We help all our clients navigate risk and exploring innovative capital solutions, but the growth of our business with corporate clients—including a recent $325 million deal with a single Fortune 500—is exemplary of how much our capital and expertise can help businesses both survive and thrive in today's uncertain landscape."

The latest research is based on an online survey of senior financial officers and in-house lawyers of companies across ten different industries and with annual revenues of $50 million or more in the US, UK, Australia, Singapore, Germany, France, Spain, Switzerland, Sweden, The Netherlands and the UAE. All respondents are in roles that include knowledge of their companies' litigation expenditures and decision-making.The Industry perspectives on litigation and arbitration survey can be downloaded on Burford's website. The research was conducted by GLG from December 2023–January 2024.

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