Scope & Range of Services
Law Suit Funding, Pre Settlement
Funding and Post-Settlement Funding
Scope & Range of Service
The need for Law-Suit funding services has been present
for years. Plaintiffs frequently have financial hardships
that need to be alleviated before their cases settle. Sometimes
even attorneys have a need for cash prior to receiving
their portion of a case settlement. However, only recently
have avenues opened to allow effective addressing of this
need. Nationwide can provide plaintiffs with cash now for
essential living expenses or other needs, often times enabling
them to get better settlements. To be eligible, the lawsuit
should be at least six months old, have a settlement value
of at least $20,000. The process is simple & confidential.
Types of cases include personal injury, product liability,
malpractice FELA, Jones Act, and mass torts.
Traditionally, plaintiffs and their attorneys have been
faced with a recurring predicament: Lack of adequate funds
to pursue valid courses of action against deep-pocketed
defendants. Thus forcing them to either suspend their cases
altogether or accept unreasonably low settlement offers.
Large defendants recognize that the prospect of a protracted,
costly litigation and/or appeal can provide them with significant
leverage in the settlement process, which they use to their
advantage.
Until now, plaintiffs have lacked the support needed to
overcome this fundamental imbalance in the legal system.
Ancient common laws historically prohibited investments
in lawsuits ( commonly referred to as champerty or barratry
). However, in recent years, most states have abolished
these prohibitions.
Even so, due to the risk of non-recourse investing in lawsuits
and appeals, traditional lenders have failed to respond.
In addition, those who are in the best position to evaluate
and understand the risks involved – attorneys – remain
forbidden by ethical rules in most jurisdictions from funding
their clients.
Please note, lawyers are allowed under several State BAR
rules ( see for example Fla. Bar rule 00-03 ) to suggest
to a client where a client may try to obtain financial
help ( including non-recourse funding ) for individual
needs.
Nationwide Lawsuit Funding Group can also provide loans
to Attorney’s ( at low rates ), to help fund their
cases.
Funding is also available for ( successful ) cases on
Appeal.
In addition, Nationwide Lawsuit Funding Group can also
provide Cash now for part/all of future cash Structured
Settlement payments, from Attorneys ( for their fees )
or Plaintiffs for their Structured Settlement payments.
Nationwide can purchase for cash future payments from existing
structured settlement annuitants. Federal law HR 2884 which
took effect on July 1, 2002, granted Structured Settlement
payees the right to sell their annuity payments, without
tax consequences, via a court review process. With the
passing of Federal Law HR 2884, annuity recipients now
have the legal right to cash on their annuity payments.
The process is protected by court-order, which protects
all parties involved – the annuitant, the insurance
company, and the factoring source. Note, this new law,
even overrides any prior contractual arrangement or state
law.
Jeff is President of Nationwide Lawsuit Funding Group.
He is a Certified Public Accountant & Insurance Licensed
in the State of Florida.
He holds a Degree in Finance and Insurance and a Masters
Degree in Accounting from The University of Florida.
In addition, Jeff is a Certified Cash Flow Consultant.
He was previously with the International Accounting Firms
of Ernest & Young and KPMG Peat Marwick,
He is a member of ,
•
Member of American Institute of Certified Public Accountant’s
( ACIPA )
and
Florida Institute of Certified Public Accountant’s ( FICPA )
•
Member of the National and Florida Association of Insurance and
Financial Advisors
•
Member of American Cash Flow Institute
