Actos was a prescription drug manufactured by Takeda Pharmaceuticals and marketed by Eli Lilly and Company.
The drug was used to treat type 2 diabetes. However, the drug was linked to significant injuries in those who used it.
Many people suffered from things like an increased risk of developing bladder cancer and heart failure.
A series of cases in the 2010s accused the makers of Actos of destroying and downplaying evidence that linked the drug to bladder cancer specifically.
While those lawsuits have been settled by now, many people either still suffer from the negative effects of Actos or have not received compensation for the damages that Actos caused them.
As a result, the makers of Actos are currently on the receiving end of new litigation.
If you were injured by Actos and have not received compensation, you may still have a claim for damages.
In the event that you decide to file a lawsuit against Actos’s makers and need cash, a lawsuit loan from Ally Lawsuit Loans can help you now.
Actos Lawsuit Settlement Amounts
The Actos settlement payouts from 2014 and 2015 are quite significant. One party’s Actos settlement amount was initially a $9 billion verdict.
In that case, courts eventually reduced the final judgment to $36.8 million, but that was just one case.
Later, as more claims rolled in, the lawsuits were consolidated into a class action case with roughly 9,000 parties in the class. The eventual Actos settlement agreement was $2.4 billion. And those are just the older cases that are all settled and paid out.
In the case filed against Actos’ makers in 2020, lawyers for the plaintiff are seeking $10 million in damages.
Thus, you can see that if Actos caused you damage, it is well worth your time and effort to file a claim. After all, the value of your Actos settlement is probably quite significant.
When Will Actos Settlements Be Paid?
Parties to the 2014 and 2015 lawsuits have already collected their settlements. However, as noted earlier, litigation is ramping up once again.
If you are filing your own lawsuit against Actos, it is unclear when the official Actos settlement will occur. Litigation takes a long time.
Furthermore, with damage amounts as high as they are in many of the Actos lawsuits, the litigation can take even longer. Because it is impossible to know when your lawsuit will eventually settle, it’s hard to plan your finances accordingly.
Thus, if you need cash now, an Actos lawsuit settlement loan can bring you financial stability.
Best of all, at Ally Lawsuit Loans, we guarantee that you will have your money within 24 hours of your loan’s approval.
How Can a Cash Advance Help Me?
A cash advance will help you fight your case to the end, so you can maximize your eventual settlement.
Often, powerful parties like insurance companies and other large corporations (like pharmaceutical drug manufacturers) will purposely offer parties with fewer resources a lowball settlement offer.
A lowball settlement offer doesn’t account for all your damages, so it isn’t typically one that you want to accept.
Entities with deep pockets know that the people suing them may find themselves in a financial bind. Their hope is that the other party will accept the lowball settlement offer out of financial necessity.
If you find yourself in this situation, it can feel like you are between a rock and a hard place with two equally bad options.
Luckily, there is a third option available: a lawsuit loan. With a lawsuit loan, you get cash in your pocket straight away.
With that cash, you can take care of your immediate financial needs so you can continue to fight your case to the end. That way, you maximize your chances of recovering all the damages you suffered.
How Does a Lawsuit Loan Work?
A lawsuit loan, which we sometimes call a pre-settlement loan or pre-settlement cash advance, is a unique type of loan.
Lawsuit loans are unique in that they are what is known as “non-recourse loans.” Most loans are recourse loans. If you take out a loan and later default on it, the lender can claim back the assets you put up as collateral.
With a recourse loan, however, the lender can pursue recovery against the entirety of your assets if the collateral is not sufficient: house, car, land, investments—anything that you own.
Conversely, with a non-recourse loan, you specify the collateral in your initial loan agreement. When you default on a non-recourse loan, your lender can only seize whatever you put up as collateral.
With lawsuit loans, which are a specific type of non-recourse loan, the collateral is your eventual settlement. Thus, if you default on your loan, your settlement is the only thing your lender can seize.
The practical implications of this are that if you take out a lawsuit loan and lose or fail to settle your lawsuit, you don’t owe your lender anything. In that way, a lawsuit loan is risk-free.
Ally Lawsuit Loans Can Help You Fight Your Actos Lawsuit to the End
If you are filing an Actos lawsuit and need immediate financial assistance, Ally Lawsuit Loans can offer you a non-recourse lawsuit loan. That way, you can continue to fight your case until you get a settlement offer that covers the entirety of your damages.
There are three things that set Ally Lawsuit Loans apart from other lawsuit loan providers in the industry.
First, once you apply for your loan, we will come back with an offer within 24 hours of your application. That way you can get cash in your pocket as soon as possible.
Second, we offer the lowest rate in the industry guarantee. If someone else offers a better rate, we will match it.
Finally, no matter the situation, if you lose your case or do not reach a settlement, you won’t owe us a penny.
Life won’t wait for your settlement, and you deserve an ally. You have one in Ally Lawsuit Loans, so apply with us today for your lawsuit loan, and see your case through to the end.