If you were fired unlawfully and have a wrongful termination attorney representing you, you can apply for lawsuit loans for wrongful termination cases.
Most employees need consistent income to pay for expenses such as rent, groceries, car payments, etc. When that income is suddenly lost, financial strain is often the result. It may be the last thing on your mind to seek compensation for wrongful termination, but the law exists to protect individuals who are unlawfully terminated.
Fair Rate Funding is also in your corner, making sure you have the financial backing to endure a sometimes long, drawn-out litigation process. We provide lawsuit funding, also known as lawsuit loans for wrongful termination cases.
Wrongful Termination Legal Funding
Legal funding is financial assistance during a claim or lawsuit and is essentially a cash advance on the future recovery of the case. Losing a job is difficult and people are often left in dire financial circumstances because of a loss of income. Bills still need to be paid so wrongful termination legal funding helps pay for these expenses while your attorney works on your behalf.
Also known as pre-settlement funding because money is given before settlement, are repayable if and only if the case is successful. As such, legal funding for wrongful termination cases is deemed “non-recourse” funding. This means that unlike a traditional loan – which implies the amount must be paid at some point in the future – wrongful termination lawsuit loans are only repaid if there is a recovery. If you lose the case – for whatever reason – the advance is not repaid.
For a free consultation, call 888-964-2224
What is a Wrongful Termination Lawsuit?
Normally, employment is considered “at will”. This means that employers can use their own discretion in deciding whether to hire/fire an employee.
Because discrimination based upon certain criteria was and is considered adverse to social justice and fair dealings, lawmakers saw fit to place some restrictions on these practices.
Wrongful termination cases are lawsuits involving the firing of employees for any number of discriminatory reasons. Firings based on race, gender, religion, or national origin and violates federal employment anti-discrimination laws. Title VII forbids discrimination in any aspect of employment. This might include hiring, firing, assignment, transfers, promotions, recruiting and a host of other scenarios.
Although Title VII of the Civil Rights Act of 1964 applies only to employers with over 15 employees, many states have also passed their own legislation prohibiting discrimination in companies of lesser size.
If you were terminated for any reason protected by anti-discrimination laws, you can file a claim for compensation and damages. In some states, punitive damages are also available.
How Can I Sue for Wrongful Termination?
To pursue a claim for wrongful termination, you must prove financial loss. This is normally easy because at a minimum, you will lose wages from the date of termination and any benefits that would also accrue. This is only one portion of the damages, however.
Most wrongful termination lawsuits provide for non-economic damages such as emotional distress and mental anguish. In many jurisdictions, legal fees are also sought against the defendants. Wrongful termination settlements vary from a few thousand dollars to several million dollars.
In New Jersey for example, plaintiff Joyce Quinlan alleged gender discrimination and was awarded $4.5 million and also punitive damages in the same amount. In New York, an executive for the New York Knicks basketball team sued her employer for sexual harassment and won at trial. She eventually settled the case for $11.5 million.
How Can I Get a Wrongful Termination Lawsuit Loan?
Fair Rate Funding wrongful termination loans offer the most competitive terms in the business. We can have cash in your hands in as little as 24 hours. Obtaining lawsuit loans for wrongful termination cases is straightforward. Simply contact us and start the lawsuit funding process. With your permission, we will contact your attorney and go over the details of the case. For more information about how we evaluate cases, visit the post about underwriting lawsuit loans.
Once approved, Fair Rate Funding will send you over a contract. Once we receive the executed agreement, we will send you your cash via wire or overnight carrier. For more information about how lawsuit funding works, click here.
Call us now on 888-964-2224 or fill out the online form to start the process.