IVC Filter Lawsuit Settlement Funding
TriMark Legal Funding is one of America’s leading providers of IVC filter pre-settlement loans. Settlement funding is a fast, low-cost way for plaintiffs to maintain their finances until their IVC Filter lawsuit settlement is finalized.
If you are involved in an IVC filter lawsuit, you’re in for a long haul.
Some of the more serious injuries caused by defective blood clot filters can prevent many plaintiffs from returning to work.
If you are experiencing financial challenges, an IVC filter lawsuit loan can help.
It can provide the money you need to manage your financial affairs until your attorney finishes negotiating your lawsuit settlement.
A lawsuit loan may not be able to shorten your waiting time for a settlement, but it can put a stop to your financial worries.
Inferior Vena Cava (IVC) filters are one of the most frequently used medical devices. They are designed to prevent blood clots.
However, complications may happen due to a manufacturer’s defective design or negligence.
Aside from injuries, victims of faulty IVC filters may suffer from “system failure” that can eventually lead to death. The overwhelming suffering and worries may put behind your career, relationships, and capacity to earn and save money for your medical bills and living expenses.
While filing a claim allows you to recover losses, the prolonged lawsuit process adds insult to the injury. This is where a pre settlement cash advance from a trusted legal funding provider can help.
IVC Filter Pre Settlement Loans
In 2018, the third leading cause of death in the United States was unintentional injury or accident, accounting for 6% of the total record. This category includes defective products like IVC filters, which can pose serious risks and complications and cost a person’s life.
Federal and state laws allow victims to file claims against manufacturers, as well as sue for medical malpractice if their healthcare provider is liable. However, most plaintiffs can’t recover losses right away.
IVC pre settlement funding provides immediate cash to help tide you over during the long wait.
At TriMark, we offer pre settlement funding for plaintiffs with pending cases. Not to be confused with traditional loans despite name, like pre settlement loans and lawsuit loans, this type of financing is a non-recourse cash advance on your future settlement money. This means you don’t have to pay monthly fees after getting your advance.
You’re only required to return the money once your case settles. But if it does not, or you lose a verdict, you owe us nothing.
With a portion of your settlement provided to you in the present, you can pay your medical bills, rent or mortgage, car loans, utility bills, and other living expenses.
Pre settlement loans can help you regain financial stability while recovering from IVC filter complications.
Get Pre Settlement Funding Now
Why wait when you can get back on your feet ASAP?
If you or your loved one suffered from IVC filter complications and have a pending lawsuit, TriMark is here to make your lawsuit loan application fast and easy!
It takes only a minute to submit your application online or via our toll-free number: 1-(877) 932-2628. Make sure all documents are ready for our expert underwriters to review.
There’s no need to undergo a credit check, pay application fees, and prove your employment and income status. We understand your situation and will rely on the merits of your case when making our decision.
Once approved, you can receive your cash in as little as 24 hours.
Find out how you can obtain hassle-free funding today.
What Is an IVC Filter?
IVC filter is short for Retrievable Inferior Vena Cava blood clot filter.
An IVC filter is a wiry, miraculous device that prevents blood clots, originating from deep veins in the body (deep vein thrombosis or DVT), from reaching the heart and lungs. The device is intended to help prevent a pulmonary embolism.
According to the American College of Cardiology, Venous Thromboembolism (VTE or blood clots in the veins) is estimated to account for 60,000-100,000 deaths per year in the United States, most often due to pulmonary embolism.
IVC filter placement is a relatively straightforward medical procedure. Complications are rare if the filters are used for short periods of time. The longer a filter remains implanted, the greater the likelihood of complications becomes.
Common IVC filter complications include:
- Fracture or breakage of the filter stem and arms
- Penetration the device can penetrate or become embedded in the IVC vein
- Migration of broken metal pieces of the filter throughout the body
- Perforation of veins, arteries, and other organs including the heart and lungs, by broken metal filter components
C.R. Bard launched two of its first blood clot filters, the Recovery and the G2, in 2003 and started hearing about IVC filter complications almost immediately.
Incredulously, Bard did not warn the public or notify the FDA. Instead hired a consultant to compare their fracture and migration rate to other models in use at the time. They also hired a public relations firm to prepare a crisis management plan in response to news coverage about the faulty device.
Now you’re in the middle of a legal fight to recover your losses. Even if you have a good chance of winning, the effects of the defective medical device already wreaked havoc on your body, mind, emotions, and even finances.
While legal funding does not promise to take away all your pain and suffering, it can help alleviate your money problems.
What Are IVC Filter Lawsuit Settlement Loans?
An IVC lawsuit settlement loan is a non-recourse cash advance available to plaintiffs with a pending or settled lawsuit. You may be waiting for your case to settle or for your settlement check to arrive.
Either way, we can make an advance on your future settlement money through an IVC filter lawsuit loan. You can have cash immediately without creating additional debt.
This solution is non-recourse. Meaning, you won’t have to shell out money for monthly payments. You return the advance only if and when you receive your settlement or compensation. If you lose or your case does not settle, you are under no obligation to pay back the IVC filter lawsuit loan.
IVC filter lawsuit loan fees are based on 2x non-compounding rates (double your advanced amount), so you still get to keep a good portion of your money when it arrives.
Best of all, we don’t ask for upfront payment or perform checks on your credit score, employment history, and income status. We will review and approve/reject your IVC filter lawsuit loan application based on the merits of your case.
How Do You Qualify for IVC Filter Settlement Funding?
If you have a pending case related to a defective IVC filter, you may apply for our pre-settlement IVC filter lawsuit loan service. To qualify, you must satisfy the following criteria:
- You are represented by a contingent-fee attorney.
- You have sustained serious physical injuries and financial losses.
- You have established a clear liability against a sufficiently insured defendant.
- Your settlement check must be deposited to, and be distributed out of, your attorney’s trust account.
If you’re just waiting for your settlement to arrive, you may apply for an IVC filter lawsuit loan. Here are the qualifications:
- You must have a settlement offer from an IVC filter manufacturer or won a verdict.
- You must provide documentation showing that you will net a minimum of $60,000 after all deductions.
What Are IVC Filters?
An inferior vena cava filter or IVC filter is a blood-clot catching device designed to prevent potentially fatal pulmonary embolism (PEs) in high-risk patients. It is placed in the largest vein of the human body found in the abdomen: the inferior vena cava. Thus, the name.
Aside from PEs, the IVC filter is often inserted into the veins of people who are recovering from accidents and surgeries. The small, metal device resembles a cage and traps blood clots that may come from the lower body before they reach the heart and lungs. The other condition that makes one a candidate for this solution is that you cannot take blood thinners.
While it has been approved as a permanent device, it’s found to bring damage if used for the long term. Despite this, an analysis by the American College of Cardiology in 2016 pointed out that retrieval rates were low and the filters were likely being overused.
What does this mean for patients who have this device implanted in their veins?
Characteristics of a Defective IVC Filter
Implanting the IVC filter in the inferior vena cava filter for an extended period has led to complications among patients. Failure to retrieve it after reducing the risk of PE has brought indescribable pain among sufferers. Those who have not developed any issues are anxious they might get them someday.
Individuals who filed a defective device claim against IVC filter manufacturers said they experienced these problems:
- Migration of the device to other parts of the body
- Damaged blood vessels or organs
- Detached components left in the body
- Fractured filter
- Perforated vein or organ
- Complications arising from filter removal
In rare instances, the complications led to death.
FDA Recommendations and Recalls
The Food and Drug Administration (FDA) recommends the removal of retrievable IVC filters between 29 and 54 days from the date of embedding. After some time, the device was found to generate greater risks than the pulmonary embolism it was created to prevent.
These safety issues were highlighted in the first FDA advisory in 2010 and the updated version in 2014.
While the implantations of IVC filters decreased following the FDA 2010 announcement, the total figures were still high. It was also used 13 times as frequently in the United States as in five large European countries.
Meanwhile, the FDA has made very few IVC filter recalls. But among manufacturers, more than 81,000 devices were affected by recalls between 2005 and 2015. Since then, some of the most notable recalls are as follows:
Notable IVC Filter Recalls
|Year of Recall||IVC Filter Type||Units||Reason|
|2019||Gunther Tulip||91,731||Updating instructions for use|
|2015||Bard Denali||1,183||Labeling change required|
|2013||Cordis OPTEASE||33,000||Labeling correction to prevent device upside-down insertion|
|2005||Greenfield||18,000||Defect could raise risk of cardiac or pulmonary embolism|
In 2015, the FDA issued a warning letter to Bard addressing the violations of its facilities in Tempe, Arizona, and Queensbury, New York.
The letter cited the company’s failure to submit a report to the agency about customer complaints and serious device malfunctions. It also accused Bard of making and selling IVC filter retrieval devices without FDA clearance or approval.
What Are IVC Filters Lawsuits?
The majority of active IVC filter lawsuits hold two companies liable for the complications suffered by plaintiffs: C.R. Bard and Cook Medical. These two manufacturers account for more than 14,000 cases that were consolidated in separate multi-district litigations.
Many of the currently active IVC filter lawsuits have been combined into two mass litigations in federal court against two different companies, Cook Medical and Bard. As of October 2019, there were 14,179 lawsuits pending in the combined mass litigations.
IVC filters involved in MDLs:
- Cook Celect
- Cook Günther Tulip
- Bard Recovery
- Bard G2
- Bard G2 Express
Cook Medical Lawsuits
There are 6,320 combined lawsuits being heard in an Indiana federal court against Cook Medical. Bellwether trials have been taking place since 2017.
- November 2017: Cook Medical won in its first bellwether trial.
- March 2018: The judge dismissed the case a month before the trial, citing that the plaintiff waited too long after his injury to file a claim.
- February 2019: A jury awarded the plaintiff, Tonya Brand, $3 million in the third Cook bellwether trial.
In May 2019, the Bard MDL had around 8,000 cases consolidated in an Arizona federal court. During that time, the manufacturer’s lawyers announced it had reached a settlement with a majority of its suits for an undisclosed amount.
As of late 2019, there were 7,859 lawsuits remaining in the mass litigation.
The MDL in Arizona no longer accepts new cases. However, potential litigants can still file independent claims over defective IVC filters from Bard.
- March 2018: A jury awarded $3.6 million to Sherr-Una Booker, a woman who claimed a Bard IVC filter broke and caused her injuries.
- June 2018: Bard won a jury verdict in its second bellwether trial.
- July 2018: The judge dismissed the case, saying the statute of limitations already passed before the plaintiff took legal action.
- September 2018: In Hyde v. Bard, the jury sided with the manufacturer.
- May 2019: Settlement was reached between Bard and litigants before the fifth bellwether trial.
Another MDL in a Pennsylvania state court combined 800 cases against Rex Medical’s Option IVC filters. A plaintiff who filed a suit against the company has the largest IVC filter verdict to date.
In 2010, a jury awarded $33.7 million to Tracy Reed-Brown. Ms Brown had claimed injuries in her veins and organ due to the defective device made by Rex Medical.
She received $3.4 million in actual damages and another $30.3 million in punitive damages.
Aside from mass litigations, individual lawsuits have been filed over other IVC filters in courts across the country.
How to Apply for IVC Filter Pre Settlement Funding
The last thing you need is to go through another nightmare of a process. So, at TriMark, we make sure our IVC filter lawsuit loan application process is fast and efficient. We’ve learned how to create solutions that work for plaintiffs and lawyers, not add to their pain and suffering.
So, follow these three simple steps to get an IVC filter lawsuit loan from us:
- Fill out our online form or give us a call. Provide your attorney’s contact number and have him or her prepare ALL of the following documents:
- Police reports
- A theory of liability
- The extent of your injuries
- X-Ray and MRI reports
- Medical and surgical procedures performed.
- Insurance coverage limits for the defendant
- Photo, video, or audio evidence
- Witness statements
- Give us 24 to 72 hours to review your case. At this point, we’ll also contact your attorney to verify the details of your case.
- Wait for our call or email about the result of your IVC filter lawsuit loan application. If your application is approved, we’ll send you the terms of agreement via DocuSign.
Finally, you’ll receive your fund in one to 24 hours through one of the following channels:
a). Wire transfer, or ACH
b). FedEx Overnight
c). Western Union or MoneyGram
d). US Mail