|By PR Newswire||
|February 11, 2014 05:00 AM EST||
INDIANAPOLIS, Feb. 11, 2014 /PRNewswire/-- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that both the Biomet metal-on-metal hip and NuvaRing birth control product have agreed to settlements in separate litigations in Indiana, New Jersey and Missouri courts. Both settlements were a surprise to the Mass Tort Industry, as Merck & Co.'s NuvaRing and Biomet Inc. had both been strongly opposing the litigations. The Biomet settlement amount is projected at $56MM, or an average settlement value per case of $200K. The NuvaRing litigation was for a projected $100MM, with an average settlement amount to be somewhere in the $50K range based on extent of injuries.
The settlement news comes on the heels of The DePuy ASR Hip implant litigation settlement news in late 2013 for close to $4Bil., with an average settlement value of $250K per hip revision case. Legal-Bay believes that 2014 will also see a major settlement in the Transvaginal mesh litigation as well as possibly another hip implant case, the Stryker Rejuvenate and ABG II recall hips. The lawsuit funding firm which tracks each major litigation for its clients that need a lawsuit cash advance before receiving their settlement funds, believes 2014 could see the largest dollars paid out to plaintiffs in mass tort litigations in U.S. history.
To learn more about the Biomet and Stryker hip litigation and pre-settlement funding programs, log on to: http://lawsuitssettlementfunding.com/stryker-wright-hip-recall-settlement-funding.php
Chris Janish, CEO of Legal-Bay commented on the settlement news, "It seems to some in the industry that Biomet and Nuvaring both got off rather light with the potential exposure they were facing. However, as both litigations seemed to be an uphill battle for the plaintiffs, we feel the plaintiff's lawyers secured a fair and reasonable amount of money on behalf of their clients in both cases. Our commitment to assisting Nuvaring and Biomet clients even during this uncertainty of a settlement shows our commitment to plaintiffs in need of financial assistance."
To learn more about Nuvaring lawsuit cash advance funding log on to: http://lawsuitssettlementfunding.com/nuvaring-settlement-funding.php
Legal-Bay was one of the first legal funding companies to fund both Biomet and NuvaRing, and now the company will be increasing the funding amounts on both of these cases now that a potential settlement has been reached. The lawsuit cash advance is not to be considered a lawsuit loan or lawsuit loans, as referred to by plaintiffs. Plaintiffs in need of up to $30K in pre-settlement cash advance can apply to Legal-Bay.com directly at: http://lawsuitssettlementfunding.com ; or by calling the company's toll free hotline at: 877.571.0405.
In the event that you have been injured by a metal-on-metal hip implant, transvaginal mesh product, or a birth control product such as Yaz, Yasmin, NuvaRing, Ocella, or Mirena and have not obtained a lawyer yet; Legal-Bay urges you to do so in order to collect on the settlement amounts announced. The time to file a lawsuit in many of these litigations is limited. If you need assistance obtaining a free legal consultation from a hip law firm, Nuvaring lawyer, or transvaginal mesh attorney feel free to contact Legal-Bay.com at: http://lawsuitssettlementfunding.com/contact-us.php or by calling the company's toll free hotline at: 877.571.0405 where live agents are available to answer any questions about your potential case.
Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email: [email protected]
SOURCE Legal-Bay LLC