You may be asking yourself what in the world do settlement loans, attorneys, brokers, and champagne have to do with one another. That’s a good question.
While attempting to determine what kind of article to write for you this week, I read and researched several articles that were published on Ezine Articles, videos distributed through YouTube, etc. Frankly, most of these articles and videos, to include many of my own, are “dry-as-toast.”
Then I realized that most of the individuals writing the articles and posting videos have absolutely no experience in the litigation funding Industry. However, as both an attorney and a licensed health care provider, providing related-services for more than 20 years, I have a great deal of real-world experience that I can share with you.
The title of this article is selected from an actual case that was brought to my attention for review. In fact, I was asked to represent the healthcare provider in pursuing its claim against the plaintiff involved. Many times individuals wonder, “Why in the world am I unable to obtain either a lawsuit loan or a settlement loan?” Unfortunately, these individuals frequently don’t even bother to fairly evaluate the nature of their claim.
The title of this article was chosen from a case in which a plaintiff filed suit for injuries sustained when he supposedly fell out of a tree due to a defective safety-harness. He subsequently sought to obtain a lawsuit loan. The individual successfully sued Home Depot for an allegedly “faulty product.” The plaintiff was also pursuing a Product Liability claim against the manufacturer of the safety-harness.
However, it was discovered that this individual was arrested within a few weeks of sustaining injuries to his head, neck, and upper back, for which this individual sought and obtained chiropractic care. However, it appears as though the injuries were not sustained from a fall out of a tree due to a faulty safety-harness. How do I know this?
You see, the individual was arrested shortly after this purported fall from a tree. What was the reason for which individual was arrested? The individual was arrested for having attempted to rob a liquor store.
The proprietor of the liquor store, once he realized the perpetrator was attempting to rob him, pulled a champagne bottle off the rack and struck the would-be robber repeatedly in the head and shoulders with a champagne bottle.
The would-be robber fled from the scene, leaving behind a gun, bloodied ski-mask, gloves, etc. It would appear that the would-be robber did not realize that the DNA-evidence left behind would link this individual directly to the attempted robbery.
Needless to say, this individual, although he pursued a third-party claim against, among others, Home Depot, the manufacturer of the safety-harness, et al., was unsuccessful in obtaining litigation funding to assist him throughout the process of his litigation.
Remember, individuals pursuing lawsuit loans, legal settlement loans, settlement loans, and other forms of litigation funding must first have a bona fide claim. This simply means that the individual must have a legitimate claim against the party being sued!
Individuals involved in funding such claims often have a great deal of experience in reviewing such matters, even though many of those individuals who offer funding in this Industry lack that experience. Therefore, expect your claim to be scrutinized carefully. Remember, these claims are non-recourse (i.e., if you lose the underlying case you pay absolutely nothing).
While it is true that lawsuit loans, settlement loans, legal settlement loans, and other forms of litigation funding may prove to be extremely helpful to those individuals who present legitimate claims, they are certainly not likely to be of any benefit to those individuals who attempt to perpetrate fraud on the court.
Therefore, unless you have a legitimate claim to pursue, you’re discouraged from pursuing litigation funding to assist you throughout the course of that litigation.