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Transvaginal Mesh Settlement Funding News: Legal-Bay To Increase Funding Amounts Up to $250K On Some Vaginal Mesh and Bladder Sling Recall Cases
Date:4/2/2013

ATLANTIC CITY, N.J., April 2, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they have increased their funding amounts to $250K on a select few Transvaginal Mesh cases waiting for their settlement check.

(Logo: http://photos.prnewswire.com/prnh/20130402/PH85374LOGO)

Legal-Bay has been an industry leader in Transvaginal Mesh and Bladder Sling lawsuit funding, however their increased commitment to funding single cases up to $250K with minimal due diligence sets them apart from the rest of the legal funding industry.  Legal-Bay is also able to consider larger funding amounts, however the evaluation period is substantially longer on claims worth more than $250K.

Chris Janish , CEO of Legal-Bay, commented on the company's increased pre-settlement cash advance amounts, "We are beginning to see a large increase in applications on Transvaginal Mesh case funding after the verdict in New Jersey, and now that Johnson & Johnson, Ethicon and the rest of the Mesh Manufacturers continue to delay the settlement process through questionable legal strategy; we believe the most serious TVM plaintiffs are going to need access to more capital at their fingertips.  We stand committed to allow our clients to not only get the funding they need, but to receive the maximum pre-settlement values available on transvaginal mesh claims in the lawsuit funding market."

Legal-Bay's typical cash advance settlement funding program is not a lawsuit loan, as the advance only needs to be paid back if the case is won.  However, Legal-Bay does offer lawsuit loans for some settled cases as well as traditional banking lines of credit for large commercial business clients.

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SOURCE Legal-Bay LLC
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