A u-turn that was badly timed on Interstate 64 in St. Clair County in Illinois two years ago resulted in a lawsuit being filed by an injured party. The lawsuit was only filed a week ago, but is within the state’s statutory limitation for filing personal injury lawsuits of this nature.
The plaintiff is claiming an amount of $50,000 jointly from the driver of the vehicle he collided with as well as the company this driver was working for. The amount is to cover lost income and medical bills for the serious injuries he received during the accident, which also meant he was unable to return to work.
The accident happened when a vehicle being driven by an employee of Quad County Ready Mix Corp., made a u-turn from the opposite side of the interstate and pulled out in front of him. Plaintiff was driving in the westbound lane at the time at a speed which was within the limit for that particular stretch of highway. The Quad County vehicle was on the eastbound section of highway and apparently made the u-turn at a slow speed.
The lawsuit alleges the defendant driver failed to yield the right of way and names him as defendant jointly with his employer in the negligence case.
Plaintiff’s injuries include a fractured sternum and chest and rib injuries. He has had to undergo a hip replacement as well because of the accident. He alleges he can no longer work at the same job he had before the accident and can no longer pursue the recreational activities he had previously enjoyed.
It might be comforting to know that many plaintiffs are eligible to receive a lawsuit loan to help bridge the financial gap between the accident and the lawsuit’s ultimate settlement.
Lawsuit funding is the process of selling a portion of the proceeds of a case in exchange for immediate cash. The funding can be used for any expense whatsoever as there are no restrictions on its use. Further, the lawsuit “loan” is only repaid if and when a settlement or other recover is reached.
There is no indication that Mr. Brown knows about the possibility of legal funding or even needs a lawsuit loan of the type described. However, any plaintiff who sustained an injury under similar circumstances and has already filed a lawsuit or insurance claim, can consider arranging a lawsuit or pre settlement loan to help with immediate cash.
One of the best things about settlement funding loans is that they are basically zero risk. There is no repayment unless the case is settled. That is, lawsuit funding transactions are non-recourse “loans” to litigants.
