Med Mal Lawsuit Funding Levels the Playing Field

Recently, a man was awarded $725K by the federal government in a medical malpractice personal injury lawsuit.  The case was filed because Walter Paul Hoover, a resident of Missouri, filed suit against the United States Government for a breach of a duty of standard medical care in a Veteran’s Affairs Hospital in 2009.  Hoover alleged that a botched surgery “caused complete paralysis of his quadriceps.”

Med-Mal-Lawsuit-Funding

Med-Mal-Lawsuit-Funding

The original injured was the result of a fall which occurred earlier in 2009.  As a result of the incident, Hoover suffered a serious back injury. When he visited the John L. McClellan Memorial Veteran Hospital in Little Rock, Missouri, a surgery was conducted to treat his back.  According the Complaint, during the course of the surgery, operating surgeons Dr. Jeffrey Oppenheimer and Dr. Dennis McDonnell “misplaced screws into Mr. Hoover’s spinal canal.”  The misplacement of hardware, the lawsuit alleged, then caused “paralysis, primarily on the left, including no quadriceps function, numbness, significantly increased pain.”

The Complaint also asserted that the damage was severe that a second revision surgery was needed to correct the placement of the hardware. However, despite the corrective surgery and subsequent revision, Hoover failed to recover full function of his person.  Instead, he now suffers from constant pain and in unfortunately confined to a wheelchair.

Hoover’s initial claim for relief was denied.  Hoover then filed suit in federal court where it went to trial. Judge Moody of U.S. District Court found in the favor of Hoover for $725K plus $25K to his wife for loss of consortium.

Judge Moody opined, “Dr. Jeffrey Oppenheimer placed the screw in a manner which damaged and injured Mr. Hoover’s L-3 nerve root.  Negligent misplacement of the screw caused Mr. Hoover’s permanent injury.”

Hoover was able to realize a fair judgment in his medical malpractice lawsuit.  However, many plaintiffs do not fair so well.  in fact, many personal injury plaintiffs involved in lawsuits including medical malpractice, ultimately settle their cases for less than they deserve.  Because of financial reasons, often the result of an inability to work, force plaintiffs in financial distress to accept “low-ball” settlement offers.

Med Mal Lawsuit Funding Helps Plaintiffs With A Financial Lifeline

For many of these plaintiffs, obtaining medical malpractice lawsuit funding can help ease the financial pressures that cause plaintiffs to accept less than adequate amounts of compensation simply because they have immediate financial needs. Also known as lawsuit loans or settlement funding, settlement loans are a type of non-recourse funding available to plaintiffs in most personal injury lawsuits, such as medical malpractice, slip and falls, auto accidents, labor law, Jones Act, workers’ compensation and more.  Med Mal lawsuit funding loans provide immediate cash prior to settlement.  The funds can be used to pay medical bills, legal fees, utilities, rent, or any other expenses. In fact, there are no restrictions on the money’s use.  And should the borrower fail to win their case, these funds are not repaid!

Unlike traditional loans, lawsuit loans, also known as settlement funding or lawsuit funding, is awarded based on the strength of the case.  The creditworthiness of the applicant is not an issue, nor is his/her employment history.  Applicants can be approved in as little as 12 hours and there are no upfront fees for applying.  You don’t pay until you win your case. And if you don’t win, you don’t pay. It’s that simple.

If you or someone you know is going through the long and costly process of fighting for just compensation in a medical malpractice lawsuit, consider obtaining Med Mal lawsuit funding from Fair Rate Funding. It can give you the financial flexibility to keep up your fight without feeling the pressure to settle for less than you deserve.