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SOURCE Law Finance Group, LLC
SAN FRANCISCO, June 24, 2014 /PRNewswire/ -- Law Finance Group ("LFG") continues to fund attorneys who are navigating the BP Deepwater Horizon Settlement Program. Eighteen months after the District Court approved the Settlement, legal wrangling remains in the way of payments to claimants. LFG recognizes the effort and financial commitment required to bring claims to fruition, and can help those working on behalf of injured claimants bridge the gap to portfolio monetization.
In the interest of its class members, the Plaintiffs Steering Committee is challenging Policy 495 as adopted by the District Court. This important effort to maximize recovery may delay payment, and no doubt the ultimate implementation of matching principles will require additional scrutiny and more work for the vast majority of claims. In addition, BP's legal maneuvers against the Settlement persist. Despite the U.S. Supreme Court's recent denial of BP's request to re-impose a stay on payments of economic loss claims, the prospect of a petition for certiorari remains. "We are pleased with the Supreme Court ruling. This certainly will start the ball rolling again. Unfortunately, the process is sill a long way off from being resolved, and the Settlement itself continues to be at risk," said Alan Zimmerman, LFG's CEO. "We remain committed to seeing this through to the end."
About LawFinance Group, LLC
LFG is a lawyer founded and managed licensed finance company. It has been providing on-demand law-related capital to lawyers and their plaintiffs since 1994, successfully advancing more than $300M in thousands of cases. LFG advances funds in class action cases, judgments on appeal, cases on remand and complex settlements.
LFG encourages attorneys with portfolios of economic loss claims to contact one of its Funding Directors to discuss funding options. For more information on how LFG can help, please call 1-800-572-1986 / www.lawfinance.com
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