Commercial litigation funding is set for cases that require business coordination and more complex proceedings. From the term itself, commercial litigation is structured to handle cases that may take years to resolve and involve different disputes concerning industrial agreements, mergers, and business relationships.
Your company may apply for the funding if you are in the midst of contravention against another firm. The loan will assist you in getting through the legal proceedings and court appeals. There is a variety of cases covered by the litigation fund, which include defective products and environmental legal action.
Legal Cases on Defective Products
Lawsuits about defective products are not limited to goods that have faulty design. Instead, the commodities concerned may also include medications being taken that cause complications. GranuFlo and NaturaLyte are good examples of products that are facing lawsuits today. The reports indicated that the dialysis treatments put patients at higher risks of heart failure and cardiac arrest.
Pradaxa is also another medication under legal investigation, which caused Boehringer Ingelheim to settle as much as $650 million. The claims stated that the medication caused minor and fatal bleeding events to patients.
Even contraceptives are being sued at present. NuvaRing is one product linked to side effects in women. Hundreds of lawsuits are placed due to its blood clot side effect.
Forwarding a legal suit regarding defective products can also cover faulty implants. You can consider here defective hip replacements, which are on recall due to worsened complications they cause to patients.
Lawsuits Against Environmental Harm
You can sue a company responsible for your area’s contamination, pollution, or damage. BP oil spill is a good example of the matter. BP has been charged with lawsuits for causing property damage, health illnesses, and even death. Billions have been billed to the company for the disaster, businesses, death, and other payouts the firm has to cover.
Covering Legal Proceeding Fees
Legal battles are inclusive of various expenses. With commercial litigation funding, you will be able to pay off court fees, lawyers’ fees, and expert witnesses’ costs among others. Relatively, an easy application for commercial litigation funding is available with Lawsuit Loans Fundings.