FAIRFIELD, N.J., April 1, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they will continue to assist plaintiffs of the landmark Merrill Lynch Race Discrimination lawsuit settlement by providing cash advances and pre-settlement funding to any plaintiffs who have decided not to accept their preliminary settlement offer. Legal-Bay is one of the only companies in the legal funding industry who funds a class action lawsuit of this nature, involving a third party administrator; and in fact has already funded several of the Merrill Lynch plaintiffs to date.
Patty Kirby, Chief Operating Officer at Legal-Bay commented, "Our resolve in assisting the Merrill Lynch plaintiffs will continue now that the period to accept the offer or reject it will be completed this week. We continue to work with our own clients, as well as any brokers in the legal funding industry that also have Merrill Lynch clients in getting them the pre-settlement funding they need." The company said that, any plaintiffs waiting on their discrimination award can obtain a fast settlement advance at reasonable rates within 24 hours of applying. To apply online you can log onto: http://lawsuitssettlementfunding.com/contact-us.php
The Merrill Lynch race discrimination suit settled for $160MM, and was the largest race suit in U.S. History, according to most legal experts. The average settlement amount is approximately $110K per case, although many plaintiffs will get much more. However, Merrill Lynch has offered an early settlement period and guaranteed amount of money for any plaintiffs that Opt-In by this week. Plaintiffs that don't Opt-In and fight for more money, called Opt out cases in mass tort litigations, will wait longer for their settlement; but anticipate obtaining more money in the end.
In these situations, the Legal-Bay cash advance - not to be considered a lawsuit loan or settlement loan- can assist a plaintiff with getting the cash they need now, while waiting for the full value of their just discrimination settlement.
If you have a settled or pre-settled lawsuit and need cash today you may apply online right now at: http://lawsuitssettlementfunding.com or by calling the company's toll free hotline at: 877.571.0405 where live agents can approve your settled lawsuit funding case in less than 24 hours.
Contact: Patty Kirby, COO