Bayer Agrees to Settlements for Yaz Gallbladder Lawsuits

Ava Lawson | April 11th, 2013

Pre Settlement Funding for PlaintiffsIn a case management order issued on March 19, 2013, Bayer Healthcare Pharmaceuticals agreed to set aside $24 million in funds for Yaz and Yasmin lawsuit plaintiffs who sustained gallbladder injuries. The company has already paid out more than $1 billion to settle some 4,800 cases alleging blood clot injuries such as deep vein thrombosis (DVT) and pulmonary embolism. Women with lawsuits pending against Bayer that only include allegations of gallbladder problems have until April 29, 2013 to opt-out of the settlement if they so chose. They may also apply for a one-time 30-day extension. With the settlement payout capped at $24 million, that equates to roughly $2,000 per plaintiff, and $3,000 for women who required gallbladder removal surgery after ingesting the fourth-generation oral contraceptives.

While plaintiffs await their Yaz settlement monies, many may be facing significant financial hardships. Medical expenses, legal fees, lost wages, and other economic losses associated with their injuries can put some on the brink of bankruptcy. Other women may be considering a lawsuit against Bayer for Yaz-related complications, but don’t have the means to do so. That’s where pre settlement funding for plaintiffs can help.

Advantages of Yaz and Yasmin lawsuit loans

Pre settlement funding for plaintiffs functions exactly how it sounds – it’s a type of advance forwarded to the plaintiff before her case is resolved or settled in court. As litigation continues to mount against Bayer, and more lawsuits are filed every month in both federal and state courts, it may be many months before claimants actually see a penny of these funds that have been earmarked as compensation. Those who are considering Yaz and Yasmin lawsuit loans are plaintiffs with pending claims or women who are in the early stages of legal action, but need some economic assistance along the way.

While they are labeled “loans,” this kind of plaintiff funding is non-recourse, which means that if for some reason, your case is dismissed or unsuccessful in court, the funds advanced to you are yours to keep. Legal funding companies like LawStreet Capital assume all risk, and base their decision on the merits and strength of your case and predicted settlement amount.  The cash advance can be used to help pay hospital bills, cover rent payments, or just put food on the table – the choice is yours. The reality is that Yaz and Yasmin lawsuit loans are completely risk free. If you are granted a court award or settlement funds, the cash advance is paid back over time.

Post settlement cash advance

The average Yaz settlements for pulmonary embolism and DVT were estimated at around $200,000 per claimant. Some women may opt for a structured settlement, which is an agreement between both parties for small, periodic installments over the course of several months or years. For many plaintiffs, this agreement is incredibly beneficial. For others, unexpected expenses and costs may pop up that mandate large sums of cash. In such situations, a post settlement cash advance may be warranted. Rather than waiting an extended period of time for small payments, you’ll get the funds all at once in one lump sum.

Whether you’re in need of a pre or post settlement cash advance, LawStreet Capital is ready to assist with a range of legal funding services. We understand how expensive and lengthy litigation can be, particularly in cases involving pharmaceuticals. At present, Yaz and Yasmin lawsuits constitute the U.S.’s largest consolidated litigation, with thousands of complaints centralized in Illinois federal court. If you’re currently embroiled in this products liability MDL and need a financial boost today, LawStreet Capital may have your solution.

Apply for your cash advance today

To apply for Yaz and Yasmin lawsuit loans or learn more about a post settlement cash advance, please complete the form at the right of your screen or call one of our representatives toll-free at 800-345-8500.