Cresskill, NJ: Plaintiffs with BP settlements are facing potential delays in payout which could extend their hardship for an undetermined amount of time. To compensate for this delay in payout, RD Legal Funding, LLC (“RD Legal”) is offering post-settlement advances to plaintiffs with BP settlements in addition to providing attorney fee financing.
In March of 2013, BP contested many of the payments, accusing the court-appointed administrator of misinterpreting the claims formula and allowing frivolous and fictitious claims to be paid. A federal appeals court agreed to hear BP’s argument but rejected their request to suspend the payments to plaintiffs. With post-settlement delays now occurring, RD Legal is positioned to advance funds immediately after settlement amounts are finalized. Since 1998, RD Legal has been a leading provider of post-settlement lawsuit funding solutions to both attorneys and plaintiffs.
To date, the BP oil spill is the most devastating environmental disaster to impact the United States. After the blowout and explosion on the Deepwater Horizon drilling rig, eleven lives were lost and an enormous amount of damage was done to water and U.S. coastal communities in the Gulf of Mexico. Many businesses and individuals along the Gulf Coast were left in financial ruin due to the oil spill. These plaintiffs sued for compensation and after years of deliberation finally reached a settlement with BP for an estimated $8 billion.
RD Legal can provide post-settlement funding to plaintiffs with BP settlements, which provides immediate capital on slow-paying awards and legal fees. Legal funding does not require any kind of payments until the fee is paid; there are no monthly interest or principal payments, no upfront points or fees. Once the necessary documentation is received, RD Legal can wire funds within several days. RD Legal provides personalized service and quick turnaround.
For more information about RD Legal’s settlement funding solutions, please contact Joseph Genovesi, Senior Vice President of Business Development and Origination, at 1-800-565-5177, ext. 140. To begin the application process, please fill out the quick form at the top of this page.
SOURCES:
http://www.reuters.com/article/2013/04/23/us-bp-spill-claims-idUSBRE93M17E20130423
http://www.businessweek.com/news/2012-11-08/bp-plaintiffs-ask-judge-to-approve-7-dot-8-billion-spill-pact
http://www.legalfunding.com/eligible-cases/bp-oil-spill-legal-funding/
