Many people who are plaintiffs involved in Fen Phen litigation don’t know there is a source of financing in the form of lawsuit loans, available to help with their financial obligations. This type of funding is referred to with many names including Lawsuit Loans, Legal Finance, Litigation Financing, Lawsuit Financing, Lawsuit Cash Advance, and many others. But even though these funding vehicles are sometimes called “loans”, they are not like typical loans because the loans do not have to be paid back if the case loses in court. That’s why they are called non-recourse lawsuit loans. These lawsuit loans have little risk for the plaintiffs who take these loans.
In the 1990’s, dieters found a new drug, Fen-Phen, which guaranteed to help users lose weight. Two drugs, fenfluramine and phentermine, made up the diet drug Fen-Phen. The two drugs had fewer side effects when taken together than when taken individually. Back in 1996 there were 18 million prescriptions written for Fen-Phen. American Home Products, the company that manufactured Fen-Phen, made Fen-Phen available to the public without warnings and side effect information. In 1997, the Mayo Clinic released a study concerning the serious side effects and health problems that resulted from the use of Fen-Phen. The most common side effect of the drug was heart valve defects, more specifically aortic and mitral valves. The heart problems caused by Fen-Phen would require risky heart surgery. Other complications included primary pulmonary hypertension, a devastating disease in which blood pressure in the pulmonary artery rises to dangerous levels and creates additional cardiac stress. Soon after, in September 1997, the Food and Drug Administration (FDA) pulled the diet drugs from the market. By this point, American Home Products had made about $200 million from cashing in on the diet craze.
By the time of the 1997 withdrawal, six million Americans had used either Fen-Phen or Redux. The FDA recommended anyone who used Fen-Phen to have a medical examination to see if any permanent damage was done. Many former users have experienced health problems since they took the drug, and have been able to file lawsuits and pursue monetary reimbursement for damages caused by the drug
Lawsuit loans are available to plaintiffs involved in a Fen-Phen lawsuit. Lawsuit loans can provide a needed financial solution meant to help plaintiffs who are experiencing financial difficulties.
The application process for lawsuit loans is risk free and simple. There are NO upfront feels and approvals are fast. Since this is not like a typical bank loan there are no credit checks, or employment history used to have the funds approved. A reputable and experience lawsuit loan company like Alliance Claim Funding approves funding to those plaintiffs who have a strong, winnable Fen-Phen lawsuit.