Showing posts with label value of case.. Show all posts
Showing posts with label value of case.. Show all posts

Saturday, July 24, 2010

Funding,Don't Knock It!

I'm presently working on funding a case which involves a heavily insured truck which rolled over, smashed a vehicle and the occupant of the car suffered bi-lateral leg amputations. Currently there is an offer to settle in the $6 million range. Client wants it, attorney doesn't ; he thinks it's worth $12 million. So how can I help?
Easy. The plaintiff will agree " to hold out " if he can get a $250,000 advance. That advance will cost him roundabout $37, 500 every 6 months. Let's say the case drags on for another year. The cost of the advance is therefore $75,000. By giving the plaintiff some financial relief, he can now wait and get the $10-12 million value he deserves. Three million plus in his pockets vs. $75,000 cost of money. Good deal? Judge for yourself!