Lipitor Lawsuit Funding Available for Products Liability Plaintiffs
In a judicial order regarding Lipitor lawsuits and allegations of adverse side effects, the United States JPML concluded there were insufficient product liability claims in the federal court system to validate the coordination of such cases into multidistrict litigation, or MDL. The panel was presented with a motion this past April by a group of plaintiffs who identified five similar lawsuits that had been filed in district courts throughout the country. The panel heard oral arguments on July 25, and despite the knowledge of at least two dozen additional Lipitor lawsuits in the federal system, the JPML was disinclined to consolidate claims.
Lipitor is one of the country’s most widely-prescribed statins and is used to help lower cholesterol to healthier levels. However, plaintiffs say that the medication caused them to develop Type 2 diabetes, and that manufacturer Pfizer failed to adequately warn consumers and the prescribing medical community of such risks. Though pre-trial management of Lipitor diabetes lawsuits would be beneficial for litigants, the panel based its ruling in part on the fact that more than 50 percent of the pending claims have already been centralized in the District of South Carolina, where defendant Pfizer states the company has agreed to organize discovery and other pretrial proceedings across the cases.
Plaintiffs who are waiting for their day in court have other options for bridging the financial gap between today’s filing and tomorrow’s settlement by securing a product liability lawsuit loan through LawStreet Capital, a company renowned for their competitive interest rates on Lipitor lawsuit funding and pre settlement cash advances for cases involving dangerous drugs and defective consumer products.
JPML decides against formation of Lipitor MDL
Judge John G. Heyburn III, Chairman of the JPML stated, “Although plaintiffs suggest that the number of Lipitor cases is likely to expand considerably, we are disinclined to take into account the mere possibility of future filings in our centralization calculus.” He added, “Lipitor came to market in the late 1990′s and is one of the best-selling prescription drugs of all time. Virtually all of the complaints in these actions cite a label change for the drug – as well as other statins – informing patients that increases in blood sugar levels had been reported with statin use. That label change, however, occurred in February 2012. Yet, more than a year later, only a relative handful of actions have been brought actually alleging a link between an individual’s ingestion of Lipitor and the development of her type 2 diabetes.”
Since Pfizer has indicated its willingness to work with plaintiff’s attorneys on all pre-trial processes in South Carolina federal court, and there are a comparatively few actions at this time, the panel determined that all Lipitor product liability claims would proceed on an individual basis at this time.
This decision may mean an overall slower litigation process, with claimants waiting months or years to recover compensation for their alleged injuries. For some, the complications and expenses that accompany a diabetes diagnosis may become unbearable, putting them in financial jeopardy.
Advantages of a non-recourse product liability loan
At LawStreet Capital, Lipitor lawsuit funding is always a hassle-free endeavor, as we assume all risk based on the strength of your case. Even though it’s labeled a product liability lawsuit loan, our funding is really just a cash advance based on your predicted settlement or jury award. There is no cost to apply, we never ask for collateral, and if you don’t win your case, you won’t owe us a penny.
Lipitor lawsuit funding made simple
In as little as 24 hours after applying, you’ll know how much LawStreet Capital can provide in legal funding. We pride ourselves on getting you the cash you need as quickly as possible, so you can focus on what’s really important: your health and reaching the best settlement for your case. Give us a call today at 1-866-386-3662 to speak with a helpful customer representative.