Bayer has paid and continues to pay financial damages to individuals who developed health problems after using their weed killer product, Roundup. Bayer inherited this legal liability after acquiring Monsanto in 2018, the agricultural and biochemical maker that manufactured Roundup.
However, like many other legal lawsuits, the Roundup lawsuits take time to settle. Unfortunately, plaintiffs in this lawsuit may find themselves cash-strapped while taking care of medical expenses and other financial obligations as they wait for the case to conclude and their settlement checks to process.
Fortunately, High Rise Financial provides lawsuit loans to help you meet your financial obligations while waiting for your case to settle. The legal funding available depends on your specific lawsuit’s average payout. So, what amount can you expect from a Roundup lawsuit?
Current Status of Roundup Lawsuits
The Roundup lawsuits began when one plaintiff filed a case against Monsanto, seeking justice after being diagnosed with an illness after years of using the chemical. Three lawsuits have already concluded, with the jury awarding a settlement to the plaintiffs, but each case had a different settlement award.
However, thousands of other Roundup lawsuits are awaiting judgments in state and federal courts across the US. So far, many have been consolidated into the Roundup multidistrict litigation (MDL) to simplify and speed up pretrial matters.
MDL involves joining other cases with similar arguments and facts and transferring them to a single federal court. Each plaintiff has the right to their day in court. Although the results of one lawsuit don’t necessarily affect the others, the early results of finalized trials usually indicate the strength of other cases.
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What Average Payout Can I Expect?
The parties in the MDL reached a settlement agreement of $10.9 billion in 2020. A significant portion of the money will cover over 75% of the cases already set for trial, with $1.25 billion kept aside to cover illness-related claims against the Roundup manufacturer in the future.
If you are among the injured parties and are struggling to understand how the recent settlement agreement will affect your Roundup payout, the following information might help:
- Each plaintiff or potential plaintiff will pay an amount based on a scoring system that considers several factors, such as age and the extent of the Roundup exposure.
- The average payout expected following the June 2020 settlement agreement is about $160,000 per plaintiff. While the settlement agreement is worth over $10 billion, it will resolve tens of thousands of Roundup lawsuits, thus the rough estimate.
- Going by the additional funds kept aside to compensate future Roundup lawsuit plaintiffs, each claimant could receive between $5,000 and $200,000, depending on how their lawsuit scores.
How Does the Points System Work?
The detailed point scoring system ranks the cases into various settlement tiers depending on numerous factors, making Roundup lawsuit payouts somewhat complex. Therefore, claimants awarded a portion of the Roundup settlement will not receive the same amount. Some of the factors investigated in the ranking system include:
- The type of cancer. Roundup cases allege that exposure to glyphosate (the active ingredient in Roundup) leads to non-Hodgkin’s lymphoma and other types of cancer.
- The degree and stage of the cancer
- The age of the victim at the time of diagnosis
- The severity and length of treatment
- The degree and type of exposure to Roundup
After awarding the individual cases with point scores, they are grouped into settlement tiers where those with higher scores receive larger payouts while those with lower scores receive smaller payouts. The lawyer representing you should collect evidence and ensure it accurately depicts your circumstances.
Common Damages that Impact the Average Payout
The nature and extent of your injuries will influence your average payout for a Roundup lawsuit. Below are the common categories of damages and their impact on the value of your lawsuit.
Past and Future Medical Expenses
Any medical expenses incurred due to a health problem linked to using Roundup and any future fees will influence your payout value. For example, if you were diagnosed with non-Hodgkin’s lymphoma related to the use of the weedkiller, the costs of testing and treatment count.
Lost Income and Reduced Earning Capacity
If you had to take time off work, cannot earn as you did before, or cannot perform your duties anymore due to a Roundup-related illness, the economic harm will factor into your damages.
Pain and Suffering
Pain and suffering are somewhat difficult to quantify and factor into your damages. These include emotional distress, anxiety, sleeplessness, anger, emotional distress, and shock resulting from the Roundup-related illness.
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When Will You Get the Settlement Money?
If you have a pending Roundup lawsuit, you should be aware that these cases are like any other legal claims and take time to settle, whether in or out of court. Also, getting the settlement money can take some time, even after the case is settled.
Why Should You Consider Legal Funding?
Bills and other financial obligations can pressure you as you wait for your case to reach trial and for the settlement check to process. If you’re struggling to stay afloat, you can apply for a lawsuit loan using your potential settlement amount as collateral so that you can settle any immediate bills.
You will need to prepare your documentation and contact an appropriate legal fund provider. Legal funding is a non-recourse loan, which is low risk and has no monthly payments. You will pay the legal fund provider after the settlement.
This is an efficient way to ease your financial burden rather than applying for a personal bank loan, which involves a tedious application process and high-interest rates.
Get Legal Funding Today
Do not let financial constraints overwhelm you while waiting for your Roundup lawsuit payout. You can receive legal funding from High Rise Financial, a reputable lawsuit loan company, to help pay for your essentials. We are always 100% transparent with our clients throughout the process and provide personalized customer service.
Reach out to our legal funding specialists today for financial assistance.