Ready to Apply for an Advance?
If your firm handles class action recovery and you want to see about an advance on pending fees, simply click on the “Apply Now” button below and fill out our quick form application.
Funding for Class Action Claims – Class Action Claims Recovery
Funding for Class Action Claims. Class action lawsuits frequently involve a long and arduous trek from litigation to settlement. The number of plaintiffs in a single class action can often reach into the thousands; court documents can pile up; and the claims payment process can take months once an agreement has finally been reached. Due to these complexities, many class action suits are settled before trial, as this option can provide the most lucrative and timely outcome for plaintiffs.
Consumer-Focused Class Actions
In more consumer-focused lawsuits (such as Tom’s of Maine, to cite one example), a large group of people aren’t even aware they could be a part of a settlement until they receive notification from a claims administrator or class counsel. Sometimes, such “awards” offered only amount to cents on the dollar or some form of rebate. Funding for Class Action Claims.
Business-Focused Class Actions
In lawsuits where businesses are more prevalent, the amounts owed in antitrust, securities, product liability suits, and other large class action cases can be significant. Such plaintiffs must often file large amounts of documents to be eligible for claims in these types of settlements. Recent examples of such cases include:
- The Visa/Mastercard interchange fee litigation
- Ongoing beef packers price fixing antitrust cases
- The past TFT-LCD settlement involving flat-panel TVs and similar devices
Funding for Class Action Claims. Recovery firms often play a major role in finding businesses that could be eligible for claims in such settlements and assisting in filing and recovery. For these services, such firms generally receive contingency fees – but there is usually a gap between the work done to earn those fees and distribution.
Balanced Bridge Has a Solution: Funding for Class Action Claims
Funding for Class Action Claims. Balanced Bridge Funding can help bridge that gap by providing advances against those pending fees. Our firm has provided similar funding solutions to numerous groups, including:
- Post settlement fee funding to lawyers.
- Plaintiff Post Settlement Funding: advances to plaintiffs with slow-paying awards.
- Government Contract Advances: Financing to prime and sub-contractors at the local, state, and federal level on their government contracts.
We are happy to expand this service to include class action recovery firms!
With documentation of the pending fees, Balanced Bridge can typically provide funding in a few days. Firms can use Funding for Class Action Claims to:
- Pay business related costs and expenses
- Market and advertise for new clients
- Fund payroll or bonuses for employees
Interested in learning more about Funding for Class Action Claims?
To learn how Balanced Bridge advances can help your business, please call 267-457-4540 or email info@balancedbridge.com.
