Reliable Funding for Class Action Firms
Class action cases are expensive and can take years to resolve—leaving your firm financially strained. Counsel Financial has helped some of the nation’s top class action firms stand strong during lengthy and expensive litigations. Our products give you the financial stability and resources to see your cases through to successful resolution.
Flexible Long-Term Solutions
Financing to withstand drawn-out litigations
Having the resources needed to represent a large class of individuals—over a lengthy period of time—against deep-pocket defendants is no easy task. Counsel Financial’s financing and post-settlement funding provide your firm with significantly more capital than a traditional bank and our terms are the most flexible in the industry. Whether you need to cover overhead costs, pay case expenses or finance the growth of your firm, we will provide you with the financial confidence necessary to secure the best result for your clients.
Product Highlights for Class Action Lawyers
Significantly more capital than a bank can offer
Increased financing as your case inventory grows
Flexible repayment terms
Power to combine operating financing with post-settlement financing as cases resolve
One-on-one business and financial support
$1.2 Billion Black Farmers Discrimination Litigation Settlement
In 1997 and 1998, two class-action lawsuits were filed on behalf of groups of African-American farmers against the U.S. Department of Agriculture alleging discrimination based on race. These cases were Pigford v. Glickman (“Pigford”) and Brewington v. Glickman (“Brewington”).
BP Gulf of Mexico Oil Spill Settlement
The case, In re Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, on April 20, 2010, No. 2:10-md-2179, in the U.S. District Court, Eastern District of Louisiana, involves claims of individuals and businesses for damages proximately caused by the explosion of British Petroleum’s oilrig,...
Volkswagen $10 Billion Consumer Class Action Settlement
On June 28, 2016, Volkswagen AG announced that it reached settlement agreements with individual plaintiffs, the U.S. Department of Justice, and the U.S. Federal Trade Commission to resolve civil claims regarding eligible Volkswagen and Audi 2.0L TDI diesel engine vehicles in the United States. Volkswagen has submitted this proposed settlement to the Court, and upon approval will establish a funding pool with the maximum of $10.033 billion to settle consumer class action claims.
$1.4 Billion Sidewalk Accessibility Settlement
On January 8, 2016, the City of Los Angeles executed a settlement agreement that would require it to pay approximately $1.4 billion over a 30-year period to make its public sidewalk and crosswalk system accessible to persons with mobility disabilities. Specifically, the agreement, which provides relief to an estimated class of 280,000 people...
$1.8 Million Settlement in Uber Class Action
On November 20, 2015, after 45 days of negotiations, Uber Technologies Inc. reached a $1,785,913 settlement over claims that the popular ride-sharing company misrepresented airport fees it charged to consumers in California. It is estimated that in 2013 and 2014 more than 350,000 Uber riders paid the company between $1.25 and $4.50 per trip...
Class Certification Granted in Employment Status Dispute
A federal judge granted class certification on March 2, 2016 to insurance agents who claim that the company who hired them, American Family, mislabeled its sales force as “independent contractors” to avoid compliance with the requirements of the Employee Retirement Income Security Act (“ERISA”).
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