Non-Recourse Financing for Iran Terrorist Judgments
RD Legal Funding is now offering non-recourse advances to those with judgments associated with the 1983 Beirut barracks bombing (Peterson v. Iran, Davis v. Iran, Valore v. Iran, etc.). If you are the recipient of a judgment, there is a strong possibility that you might in fact be able to collect your portion in the not too distant future. You, however, may have an immediate need for cash as the timing of the court's distribution of the plaintiff's funds remains uncertain.
RD Legal Funding proposes the following alternative to those in need of cash:
We will advance a portion of your judgment claim in order to provide you with some of your award dollars now, when you need it, instead of having to wait for the court's distribution. Once the funds, presently attached at Citibank, are deposited into your attorney's escrow account, you will then be entitled to receive an amount equal to the amount of your claim, minus legal fee and costs as well as our advance, inclusive of the interest accrued.
The advances we are providing on Iran judgments are non-recourse transactions. If for some reason the funds that have been attached by your counsel are not released by the court and returned to Clear Stream or the Islamic Republic of Tehran, you will NOT be liable for any repayment to us.
About RD Legal Funding
RD Legal Funding is a leading provider of post-settlement financing solutions to both attorneys and plaintiff clients. The firm was founded in 1998 by Roni Dersovitz, a practicing plaintiff's attorney who realized traditional financial products underserved lawyers working on a contingency fee basis. Over more than a decade, RD Legal has grown to become one of the most respected companies in the post-settlement funding space.
If you would like more information about obtaining a non-recourse advance on your Iran judgment, please fill out the brief form at the top of this page. One of our legal funding specialists will walk you through the details of the application process. If you would like to talk with someone directly, please call us toll-free at 1-800-565-5177 and ask for Joseph Genovesi, Senior Vice President of Business Development and Origination.