If you are currently involved in a Stryker hip replacement lawsuit against Stryker Corporation for a defective medical device or a failed Stryker hip implant (Rejuvenate or ABG II), but need financial assistance now, than you may qualify for a Stryker hip lawsuit funding or settlement loan while you are waiting for your legal settlement.
Stryker Hip Implant Lawsuit Funding is a Non-Recourse Pre Settlement Lawsuit Loan:
The lawsuit loans or lawsuit pre settlement funding is non-recourse, which you pay back only when you win or settle your Stryker hip recall lawsuit or claim. If you lose your legal claim you need not to pay back to lawsuit funding company.
Stryker Hip Lawsuit Loans Are No Risk Settlement Loans:
Stryker Lawsuit funding or lawsuit loan is a loan that is secured by only your lawsuit as the collateral. If you the plaintiff the borrower does not win or settle your litigation, you do not have to pay back to lawsuit loans funding company. This is one instance where the borrower does not have personal liability for the loan. Stryker hip lawsuit pre settlement funding is provided solely on the merits of your case.
Why Are Plaintiffs Suing Over the Recalled Stryker Hips?
The Stryker Rejuvenate & ABG II Modular Hip Systems from Stryker Corporation have allegedly caused many patients severe side effects, including implant loosening, dislocating and releasing toxic metals into patients' bloodstreams, since their approval in November 2009.
On July 6, 2012, the Stryker Corporation, one of the largest manufacturers of medical equipment and orthopedic devices in the world, recalled two of its artificial hip implant systems -- the Rejuvenate Modular and ABG II Modular-Neck Hip Stems. The company stopped all global sales and production of these components.
Lawsuits filed against Stryker allege that the company was negligent in failing to warn the public about the high rate of failure. They also accuse the company of making fraudulent claims that the titanium and cobalt chrome neck and stem in the Rejuvenate and ABG II were resistant to fretting and corroding.
Stryker Rejuvenate & ABG II Modular Hip Systems Lawsuit Update:
Stryker Corp. agreed in November 2014, to pay more than $1 billion to settle lawsuits over thousands of hip implants recalled in 2012 after patients complained of early hip implant failure, pain, and metal debris causing metallosis from the devices.
Stryker will pay a base amount of $300,000 per case to patients who had the devices surgically removed. The hip implant device manufacturer is exposed to more than 4,000 suits consolidated in New Jersey state court and federal court in Minnesota.
Stryker Hip Implant Litigation: What Plaintiffs Need to Know?
To qualify for the settlement, Stryker patients must show they had their hip implant removed prior to November 3, 2014 according to the terms of the settlement.
The settlement only applies to cases that have required revision surgery by November 2, and given the high failure rate with Stryker Rejuvenate hips, it is expected that new cases will continue to be filed over the next few years, and it is possible that additional settlements will be reached.
Patients who suffered extraordinary injuries associated with the removal of Stryker hip, such as multiple surgeries, may qualify for more than $300,000 in compensation.
Because past hip replacement legal claims have met with good rate of success, if you or a loved one received a recalled Stryker Rejuvenate Modular Hip Stem or an ABG II Modular-Neck Hip Stem, and you believe it caused an injury, then you might be able to hold the manufacturer responsible. The amount of compensation from a Stryker hip recall lawsuit can exceed what Stryker is willing to offer as reimbursement, including damages for full medical expenses, lost earnings, pain and suffering, and other damages.
The deadline for eligible patients to submit their claim for payment under the settlement was March 2, 2015. The first payments under the settlement program are expected to begin in the summer of 2015, with enhanced payments projected for disbursement at the end of 2015 and early 2016.
Lawsuit Loans or Lawsuit Funding is a Safe Option:
If you are awaiting resolution on your failed Stryker hip implant (Rejuvenate or ABG II) or defective medical device lawsuit, but need financial assistance, than you can explore your options for Stryker hip lawsuit funding now. The lawsuit loan or lawsuit funding is a totally safe, secure, no-risk solution. You only repay if and when you win your case. This protects your family, assets and any needless jeopardy to your credit history.
Do not let your monthly bills and daily expenses continue to pile up, or get too far behind on your payments, as you may put yourself at risk for bankruptcy or foreclosure. With a lawsuit loan, you do not have to rely on high-interest credit cards or bank loans anymore. And the best part is that lawsuit funding is completely risk free. Lawsuit funding company assumes all the risks, as your Stryker hip lawsuit cash advance is provided solely on the merits of your claim.
Paul Sherman, The Lawsuit Money Man, is a Legal Funding Consultant at Easy Lawsuit Funding. Visit our website http://www.easylawsuitfunding.com to get additional useful knowledge and information about settlement loans and make an educated decision to apply for your pre settlement funding today!