Legal-Bay LLC, The Lawsuit Settlement Funding Company, reported today a new lawsuit funding program for clients with cases proposed for settlement in the AMS transvaginal mesh litigation. In a recent press release by Endo Health Solutions, parent company of American Medical Systems, officials state "Endo estimates that it will pay an aggregate pre-tax amount of approximately $830 million in connection with the resolution of these claims." Approximately 20,000 women victims had experienced extreme pain, mesh erosion, abdominal pain, mesh protrusion, and pelvic pain due to product defects.
Patty Kirby, Head of Client Relations, commented on the new program, "The average settlement value of the AMS mesh cases is only $40K; however women with serious injuries are receiving settlement amounts north of $250K. Our new program will now enable us to help these victims at reduced rates. This coincides with our consistent pre-settlement cash advances for clients who have not received a mesh settlement letter yet, which we continue to fund every day."
All of Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a lawsuit loan, lawsuit loans, pre-settlement loans or a pre-settlement loan. To learn more about Legal Bay's funding programs about the AMS or Transvaginal Mesh cases visit: http://lawsuitssettlementfunding.com/mesh-cases.php.
Legal-Bay and its investors have agreed to pledge up to $10MM in order to get transvaginal mesh victims the help they need. Today Legal-Bay has gotten more involved in mass tort pre-settlement funding, and more involved in assisting clients with mass tort litigation services such as helping them find a transvaginal mesh lawyer or transvaginal mesh law firm.
Attorneys in the Legal-Bay network are still accepting transvaginal mesh cases although time to file a claim is limited. Women who are having issues with AMS mesh products including Perigee, Apogee, Elevate, SPARC, BioArc, In-Fast Ultra, MiniArc, Monarc and Straight-In meshes are urged to seek a free consultation from a transvaginal mesh lawyer immediately.