Class Action Lawsuit Funding
Class action lawsuits often take many years to complete. Successful litigation of a class action lawsuit generally requires you to spend millions of dollars before you ever receive a dime of compensation. Furthermore, the defendants are often deep-pocketed corporations that are well versed in utilizing delay tactics. If you are a plaintiff’s attorney litigating a class action, you are well aware that this prolonged time frame can cause serious cash flow challenges.
If you have funds tied up in expenses pertaining to litigating a class action lawsuit, RD Legal Funding has the solution to your cash flow challenges. We offer post-settlement lawsuit funding at industry-best rates, so you can convert your slow-paying settled legal fees into immediate working capital. We are a direct capital source capable of providing post-settlement advances of up to $20 million and more. There are no monthly interest payments or hidden fees associated with our legal financing.
You no longer have to wait months for final settlement and distribution of your fees. You can use these funds from your older cases to take on new ones or allocate more resources to cases likely to have the highest multiplier. Whether your case is a . . .
- Securities class action
- Antitrust case
- Product liability action
- Wage and hour class action
- Discrimination class action
. . . we can help get the funds you need. RD Legal Funding lets you focus on the case, not the state of your bank account.
To start converting your class action legal fees into cash, please fill out the brief form at the upper right hand corner of this page. If you have any questions about our legal funding solutions, feel free to call us toll-free at 1-800-565-5177.
What is a Class Action Lawsuit?
According to Wikipedia, a class action is a form of lawsuit where a large group of people who suffer from similar circumstances bring a collective claim against a defendant or a group of defendants they deem responsible. The scope of class action lawsuits can be national, but they must share a common cause. There are certain characteristics the class must share, which include commonality, adequacy, numerosity, and typicality.
Class actions have benefits as well as drawbacks. One major advantage is that class actions increase the efficiency of the legal process because they aggregate numerous claims into one representative suit. Class actions can also lower the costs of litigation for the plaintiffs. Furthermore, class actions can force irresponsible corporations to change their careless behaviors by holding them accountable.
Famous Class Action Lawsuits
Cobell v. Salazar
This historic class action lawsuit was filed by Native Americans against the United States government. The plaintiffs claimed the United States did not accurately account for the income associated with Native American trust assets. The trusts were formed as a way to transition the Native Americans into ownership of farm land. It was the Department of the Interior’s responsibility to manage these trusts, but they allegedly did a poor job. This resulted in numerous beneficiaries receiving small interests. The Native Americans sued, and after well over a decade of court proceedings, a settlement was reached for $3.4 billion.
Pigford v. Glickman
This landmark class action involved African American farmers suing the United States Department of Agriculture for racial discrimination pertaining to farm loans and assistance between 1983 and 1997. The plaintiffs claimed the USDA treated them unfairly when it came to processing loans. Furthermore, they failed to act on complaints about racial discrimination. The case was settled in 1999 for approximately $1 billion.
Accelerate Your Class Action Legal Fees Today!
Stop waiting to receive slow-paying legal fees associated with class action settlements. RD Legal Funding can provide a post-settlement advance after preliminary approval. One of our legal funding specialists would welcome the opportunity to discuss how our post-settlement financing solutions can dramatically improve your cash flow. Call us toll-free at 1-800-565-5177 or fill out the form at the top of this page to get started immediately.