Knee Replacement Lawsuit Loans for Zimmer NexGen Plaintiffs

Jacky Gale | March 27th, 2014

Knee Replacement Lawsuit LoanThere are thousands of plaintiffs across the country who are eagerly anticipating the resolution of their knee replacement lawsuits with a jury award or settlement. Unfortunately, the litigation process can take years and it can be even longer before these individuals see a dime. For many of these plaintiffs, a knee replacement lawsuit loan can make the difference between staying afloat financially and spiraling downward into insolvency.

Lawsuit loans offer unique advantages to knee replacement plaintiffs. The term “lawsuit loan” is a bit of a misnomer – it’s much more like a cash advance against a future jury award or settlement. However, since they are non-recourse, unlike a traditional loan from a bank or credit union, they do not need to be repaid in the event that the individual loses his case. There are no limitations on what the loan may be used for.

The plaintiff can pay household expenses and other bills, legal fees, medical expenses, and debt payments. A knee replacement lawsuit loan is particularly advantageous to Zimmer NexGen claimants; the nature of their claim indicates that they may have trouble working to pay the bills.

Failed knee replacements prove costly

Although a knee replacement surgery is intended to benefit patients by restoring their mobility, improving quality of life, and eliminating joint pain, it sometimes proves disastrous. Patients involved with litigation efforts have reported catastrophic failures resulting from dislocation or loosening of the device, infections, and even bone fractures. All too often, these patients have been forced to undergo revision surgery, during which the failed implant is removed and another is inserted. Revision surgeries require the patient to undergo yet another lengthy recovery time, during which they are unable to work and must endure countless physical therapy sessions.

Failed knee implants incur significant costs for patients – both economic and non-economic. They endure constant pain and impaired mobility, loss of enjoyment of life, and emotional anguish. They’re also faced with the loss of past and future wages, the loss of earning capacity, exorbitant medical expenses. Although a knee replacement lawsuit can help patients recoup these expenses, they face dire financial problems while awaiting resolution of the complaint. For these knee replacement plaintiffs, a lawsuit loan can offer the solution to their financial burdens.

Latest updates in Zimmer NexGen knee MDL

There are many types of knee implants, designed and manufactured by a handful of medical device companies. One type of knee implant that has been the subject of numerous lawsuits is the Zimmer NexGen knee replacement system. Over 1,250 product liability lawsuits are currently pending in the multidistrict litigation (MDL), which centralizes federal complaints across the country filed by plaintiffs who received this allegedly defective device.

On March 10, 2014, attorneys for the plaintiffs and the defendants filed a joint update. It requested that U.S. District Judge Rebecca Pallmeyer contact judges in five states who are presiding over Zimmer NexGen lawsuits pending in state courts. The letter may ask that the judges from California, New York, Delaware, Indiana, and Illinois engage in coordination with the proceedings in the federal MDL. The purpose is to improve efficiency and better handle common disputes among the cases. If Judge Pallmeyer approves the joint update, parties in the federal cases may inform those involved with state cases of upcoming deadlines.

Zimmer knee settlement funding for plaintiffs

Although these lawsuits are slowly moving forward, it may still take years for plaintiffs to be compensated for their injuries and losses. Plaintiffs who feel they could benefit from a lawsuit loan are invited to explore this option by contacting LawStreet Capital at 1.866.FUND.662.

LawStreet Capital, boasts a high-caliber reputation and offers some of the lowest available interest rates. There are never any hidden fees and you could receive funds within 24 hours of your approval. Contact us today to learn more about the benefits of Zimmer knee settlement funding for plaintiffs.