RD Legal Offers Post-Settlement Funding to Plaintiff’s Attorneys with Transocean Settlements

date: 09/13/2012

Cresskill, NJ: Transocean is in talks with the United States Justice Department to settle civil and criminal claims related to the BP oil spill for $1.5 billion. In the meantime, for attorneys seeking financing, RD Legal Funding, LLC (“RD Legal”) is ready to help bridge the gap between time of settlement and case payout.
The whole world found out about the fatal explosion and disaster that was the BP oil spill with horror. With every day that passed, thousands of gallons of oil flowed into the water. Scientists are still studying the effects of that incident in terms of the sea life, food, and water quality. Transocean owned the Deep-water Horizon drilling rig which BP operated. The explosion killed 11 workers and caused the spill that leaked 4.9 million barrels of oil into the Gulf of Mexico.
Negotiations for the settlement are ongoing with major issues still up in the air, including whether or not the settlement will include environmental damages and the timing of payments. According to some news reports, Transocean has reserved $2 billion to cover the potential settlement. Transocean is one of the world’s largest offshore drilling contractors and is known for their deep-water drill ships.

RD Legal is offering attorneys interim post-settlement funding, which provides immediate capital on legal fees associated with settled cases. 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.
For more information about Fee Acceleration, please contact RD Legal toll-free at 1-800-565-5177. A legal funding specialist will be happy to answer any questions you may have. If you’re ready to get started, please visit our online Fee Acceleration application.

Lulaine Compere is a Deal Origination Analyst at RD Legal Funding, one of the nation’s leading providers of lawsuit funding to attorneys and plaintiffs.

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