Today's Top SOA Links
From the Wires
RD Legal Offers Lawsuit Funding to Plaintiff's Attorneys with Hot Fuel MDL Settlements
By: PR Newswire
Dec. 10, 2012 04:28 PM
CRESSKILL, N.J., Dec. 10, 2012 /PRNewswire/ -- The "Hot Fuel" lawsuits may finally be reaching their end after Kansas Federal Judge Kathryn H. Vratil preliminarily approved seven amended settlements. The lawsuit arose after complaints by several convenience stores alleging the refiners and retailers sold them fuel without taking temperature expansion into account.
Several of the defendants have agreed to pay which could put the combined settlement award over $20 million. In the meantime for plaintiff's attorneys with slow-paying hot fuel settlements, RD Legal Funding, LLC ("RD Legal") is ready to help bridge the gap between settlement and payout to help firms manage their cash flow. RD Legal has been one of the nation's leading providers of post-settlement lawsuit funding since 1997.
This tentative approval comes after Judge Vratil rejected motions for preliminary approval in September of 2012. Plaintiffs like Casey's General Stores Inc. and Sam's Club are finally going to be compensated thanks to this settlement. According to several news reports, defendants in the lawsuit include ExxonMobil, Citgo Petroleum Corp, ConocoPhillips, Shell Oil Products, Valero, Sinclair Oil, and BP. The case has been ongoing for five years and the state of Kansas was ground zero for the fight.
RD Legal can provide plaintiff's attorneys with hot fuel settlements interim lawsuit financing, which provides immediate capital on legal fees associated with settlements. Legal funding does not require any payments until the fee is paid, and there are no monthly interest or principal payments. Once all necessary documentation is received, RD Legal can wire funds within several days. RD Legal provides personalized service with quick turnaround.
For more information about RD Legal's post-settlement lawsuit funding solutions, please visit their website at legalfunding.com. To speak with a legal funding specialist, call RD Legal toll-free at 1-800-565-5177.
SOURCE RD Legal Funding, LLC
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week