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Defective drug loans for Zantac lawsuits are now available if you are one of the thousands of people whose lives have been impacted by it.
On April 1, 2020, the Food and Drug Administration (FDA) recalled prescription and generic forms of Zantac and several other ranitidine products due to the presence of a probable human carcinogen, N-Nitrosodimethylamine (NDMA). This compound is suspected of causing digestive tract and blood cancer.
If you are waiting on a settlement from a Zantac lawsuit, you could qualify for a lawsuit loan. Also known as pre-settlement legal funding, a lawsuit loan can give you access to money from your expected settlement now so you do not have to wait. Find out how you can benefit from this option and if it is the right one for you.
What Is Zantac?
Zantac, also known as ranitidine hydrochloride, is an H2 blocker that has been available since the early 1980s. Part of a wider drug class known as histamine H2-receptor antagonists, Zantac is typically used to treat heartburn, gastrointestinal issues, and allergies. Studies have demonstrated a link between one of the key ingredients of Zantac, NDMA, and certain types of cancer, including prostate cancer.
Evidence suggests that Sanofi and Boehringer Ingelheim, Zantac’s manufacturers, hid this connection for decades. Victims are now coming forward and filing lawsuits to claim damages against both companies. If you were a Zantac user, you could face a lengthy fight for your settlement, which can make legal funding highly attractive.
Personal Injury Claims for Zantac-Related Illnesses
Victims of Zantac manufacturer negligence may be entitled to financial compensation. By filing a personal injury or insurance claim or by entering into a class-action lawsuit, you may be able to recover the compensation that is rightfully yours.
Holding the liable party accountable for what you have been through is the best way to get justice for your damages. By pursuing your case, you have the opportunity to not only ensure the culpable party is held accountable to the fullest extent of the law, but you can also recover the compensation you need to cover your costs and begin to rebuild your life.
What Could Your Zantac Lawsuit Be Worth?
To find out how much your Zantac personal injury claim could be worth, your attorney will need to go over all of the ways your life has been affected by your injuries. This does not just include your economic damages but your non-economic damages as well.
You have the right to be made whole. This means you should be repaid for every loss you endured as it relates to your Zantac exposure. Here is more about how much you could be awarded in your Zantac personal injury lawsuit:
Economic Damages and Non-Economic Damages
As previously mentioned, Zantac lawsuit damages are quantified by separating losses into categories known as economic damages and non-economic damages. Economic damages have fixed financial value based on evidence, while non-economic damages do not.
Non-economic damages are more difficult to quantify, but because they are so valuable, your attorney will need to consider their worth carefully. Some of the different types of economic damages and non-economic damages you may be entitled to recover in your Zantac lawsuit include:
- Mental anguish
- Physical pain and suffering
- Reputational damages
- Costs of increased insurance premiums
- Loss of income
- Diminished earning capacity, including 401(k) contributions, bonuses, or salary increases
- Loss of enjoyment of life
- Loss of companionship, love, support, society, guidance, protection, and advice
- Property damages, where applicable
- Medical costs include ambulance fees, hospital bills, prescription medication, medical equipment, and future medical care
These are only a few of the different types of losses you could recoup as part of your Zantac lawsuit. You do not have to wait for your Zantac lawsuit to be resolved to access the compensation that is rightfully yours when you get approved for a lawsuit loan through High Rise Financial.
Punitive Damages
In addition to the economic damages and non-economic damages you may be entitled to, you could also be awarded punitive damages in your Zantac lawsuit. Zantac manufacturers have been accused of gross negligence and misconduct.
Since punitive damages are only awarded in instances where the defendant’s actions are abhorrent, punitive damages are certainly a possibility in your Zantac lawsuit. If you are awarded punitive damages, it is likely that the amount of compensation your case is resolved for may be considerably greater. Your attorney can evaluate the circumstances of your case to determine whether you could be awarded punitive damages in your Zantac lawsuit.
How Pre-Settlement Funding Could Help You
Many people are surprised at how long it takes for a personal injury lawsuit to be resolved. However, by obtaining pre-settlement legal funding, you can access the compensation you would be awarded in your personal injury claim, a civil lawsuit, or insurance settlement now as opposed to waiting for your case to be settled.
Once you have access to the compensation you deserve, you can cover your outstanding debts, continue paying your household expenses, and keep your family afloat while you wait for the remaining portion of your Zantac lawsuit to be resolved.
How does a Zantac Lawsuit Loan Work?
Settlements can take years to work out in court, during which time you could face immense financial pressure to settle for less money than you could actually win. If you are facing a loss of income or high medical bills due to your injury, you could face strong incentives to take a smaller deal. A lawsuit loan can help you resist this pressure by giving you some of the money from your settlement now instead of later.
With a Zantac lawsuit loan, you can get an advance payment on a portion of your expected settlement. In this sense, a Zantac lawsuit loan functions similarly to other types of defective drug lawsuit loans, such as Truvada pre-settlement funding.
However, unlike some other forms of funding, such as a second mortgage or credit cards, you won’t have to pay this legal funding back if you lose your case. That is because, despite their name, lawsuit loans function differently than other types of loans you’re probably more familiar with.
How Settlement Loans Are Unlike Traditional Loans
With traditional loans, you will need to approach a bank, credit union, or other financial institution, fill out their application, have your credit report and score scrutinized, and spend days or even weeks waiting to find out whether your application is approved.
However, pre-settlement loans are unlike traditional loans. There is no credit application associated with your lawsuit loan application. Although there are specific qualifying requirements that will need to be met, this does not include having a strong credit score.
There is also no interest on your lawsuit loan, so once your Zantac lawsuit has been resolved, you will only need to pay back the portion of the pre-settlement funding loaned to you.
Deadlines for Filing a Zantac Lawsuit
Every state has different laws in place regarding the statute of limitations for personal injury claims and class action lawsuits. Generally, if you became ill after Zantac use, the statute of limitations would begin from the day you became aware of your diagnosis or should have been aware of your diagnosis and the correlation between your condition and exposure to Zantac.
The exact date in which the statute of limitations expires will vary widely depending on the state you live in and where you originally took Zantac. To find out how much longer you have to file your Zantac lawsuit, be sure to contact your attorney to discuss your legal opportunities further.
How do You Repay a Zantac Lawsuit Loan?
If you are applying for a loan, you will usually need to go through a credit check and prove you have some amount of assets to use as collateral. However, in the case of a lawsuit loan, all that matters is the quality of your case. That means you can qualify for legal funding even if you have poor credit and few assets to your name.
Unlike traditional loans, you do not have any obligation to repay it from your personal assets since it’s classified as a nonrecourse debt by the IRS. That means only your settlement itself can be used as collateral for the legal funding you receive, which takes all of the risk out of this form of funding. You will only pay back what you received if you win your case, but if you lose, you owe nothing.
What Expenses does a Zantac Lawsuit Loan Cover?
A Zantac lawsuit loan can be used to cover a wide range of expenses that you might face while you wait for your settlement case to be resolved, including the following:
- Medical bills
- Rent or mortgage payments
- Car payments or a new vehicle purchase
- Living expenses
- Entertainment
There are not any restrictions on how you can spend the money from your lawsuit loan. Once you have received your legal funding, it is yours to use however you see fit. You do not have to worry about paying it back, either, as any repayment, if there is any, will come from your settlement.
What Is the Average Payout for a Zantac Lawsuit?
So far, the first Zantac cases are still progressing through the courts, and there isn’t any information available on the size of the settlements that are being offered. However, the amount of compensation you receive for your case will depend on your own unique circumstances.
If you are facing substantial medical bills and have advanced cancer, for instance, you may be able to obtain more compensation than someone who was simply a long-time Zantac user.
Get a Lawsuit Loan for Your Zantac Case Today
At High Rise Financial, we can offer you a lawsuit loan for your pending Zantac settlement. We have made it easy for our clients to get the money they need fast. Our application process takes just a few minutes and within 24 hours, you could be approved for up to $1 million.
Once you are approved, the money will be sent to your bank account right away. We use only simple interest and offer low rates, allowing our clients to take home far more of their settlement when they finally win their cases than some other legal funding companies. Contact us today to find out if you qualify for funding.