Hedge Funds Pool Resources To Finance Mass Tort Claims.

Hedge funds and private equity firms are always seeking new avenues for profit. While they have been in the game of financing litigation via loans for some time, they have recently started loaning money to mass tort law firms. Specifically, these law firms specialize in mass tort cases against drug companies and medical device manufacturers. Traditionally, hedge funds have been in the business of financing long-term commercial litigation, but reports have indicated that funding consumer suits could prove even more profitable.

Lawmakers are concerned that lenders are gaining undue influence over legal strategy and settlements. Accordingly, many of them believe that funding needs to be disclosed, at the very least when the lender has a vested interest in the outcome of the case, as is the law in the state of Wisconsin. For example, a federal judge recently required disclosure of a third-party financier in a case against hundreds of opioid manufacturers. Other lawmakers have suggested that there needs to be limits on interest rates that financing firms can implement when advancing cash to fund litigants.

If you or a loved one has been injured as the result of a faulty product, you may be entitled to significant monetary relief. Act now and contact one of our expert products liability attorneys here at the Law Offices of Gilbert R. Hoy, Jr. and Affiliates to discuss your potential claim. Call our injury attorneys today at 617-787-3700 or email us at [email protected] for your free and private consultation. Your needs are our top priority!

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Several Companies Named As Defendants In Lawsuit After 3-Year Old Dies Playing In Window Blinds.

One major factor manufacturers and producers must take into account when introducing a product is the possibility that small children or others who are devoid of experience will get their hands on the product. This is especially true with basic household items that kids have access too all day. If a product is unsafe in terms of its design or if there is not an adequate warning, serious injury or death may result. In such a situation, it may be wise to contact an expert products liability attorney at 617-787-3700.

In Salt Lake City, Utah, a 3-year girl died back in 2016 when she was playing with some window blinds, became trapped, and eventually suffocated. Now, her family is bringing suit on her behalf, claiming inadequate warnings, a dangerously long chord, and a general lack of measures against potential strangulation. The Mahe family is seeking damages for funeral expenses, pain and suffering, medical bills, and any punitive damages allowed under Utah law. The family is represented in this case by attorney Alan W. Mortensen of Dewsnup, King & Olson of Salt Lake City, Utah.

If you or a loved one has been injured as the result of a defective product, you may be entitled to significant monetary relief. Act now and contact one of our expert products liability attorneys here at the Law Offices of Gilbert R. Hoy, Jr. and Affiliates to discuss your potential claim. Call us today at 617-787-3700 or email us at [email protected] for your free and private consultation. Your needs are our top priority!

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Defective Product Design And Inadequate Warning Labels Result in $8.5 Million Award For Injured Man.

Because manufacturers understand the ins and outs of their products better than consumers, we expect that any potential dangers of a given product will be adequately pointed out via some kind of label containing a warning. When there is no warning, serious injury can result, particularly when using heavy machinery. In such a situation, it may be wise to contact an expert products liability attorney at 617-787-3700.

An asphalt worker by trade, Brian Goodrich runs Regal Seal Asphalt Services in Oxford, Massachusetts. One day, while working from his home, Mr. Goodrich was using a jack purchased from Garlock Equipment, Inc., when the jack he attached to a vehicle slipped and the vehicle fell on him. Mr. Goodrich suffered severe injuries, including permanent disfigurement to his face and skull, blindness in one eye, and significant loss of cognitive function. Mr. Goodrich subsequently brought a lawsuit against the company. He was represented by John T. Martin of KJC Law Firm, LLC of Boston, Massachusetts.

Although the jury noted that Mr. Goodrich was partially negligent himself in that he failed to use a safety pin, the lack of an adequate warning surrounding the potential for the jack to slip meant that the manufacturer was found to be more than 50% negligent. Mr. Martin also successfully argued that the company could have designed a jack without the need for a safety pin for the same price, thereby eliminating any danger in the first place.

If you or a loved one has been injured as the result of a defective product, you may be entitled to significant monetary relief. Act now and contact one of our expert products liability attorneys here at the Law Offices of Gilbert R. Hoy, Jr. and Affiliates to discuss your potential lawsuit. Call us today at 617-787-3700 or email us at [email protected] for your free and private consultation. Your needs are our top priority!

 

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