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DePuy & Transvaginal Mesh Lawsuit Settlement Funding Leads Legal-Bay to Banner 2nd Quarter
Date:7/10/2012

NEW YORK, July 10, 2012 /PRNewswire/ -- Legal-Bay LLC, the lawsuit settlement funding company, announced today that the company had a robust 2nd quarter mostly due to high volume in assisting victims with pre-settlement funding of the DePuy and Johnson & Johnson Hip Implant Recall, as well as Transvaginal Mesh products.  Additionally, the company expanded its operations to a new "state of the art" facility with increased staff, additional funding capital, and newly aligned marketing partners. 

The sales of both DePuy and the various mesh cases (vaginal, pelvic, bladder slings, and hernia Kugel mesh) were due to both of the litigations slowing down without any settlement news.  However, Legal-Bay believes that the average settlement value for both DePuy and transvaginal mesh cases could be from $500K to $1mm depending on damages and other factors.  Legal-Bay provides individuals with what plaintiff's refer to as "lawsuit loans" with up to $50K on each of these cases.  However, the lawsuit cash advance is not a lawsuit loan and only needs to be paid back if the case is actually won. 

Patty Kirby, Head of Client Relations, commented about the company's success, "Most of our DePuy lawsuit funding and Mesh clients cannot wait and need money today, so our program enables them to access $50K immediately off their case and still be left with approximately $450K at settlement on a case valued at $500K. The 2nd quarter our applications were up across the board, as we have recently launched a separate division for accident lawsuit funding cases.  We added staff to handle this influx of business.  We are now equipped to handle the largest funding cases with extremely low rates
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SOURCE Legal-Bay LLC
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