Finance for Your Class Action Lawsuit
Class action lawsuits generally take longer than any other type of litigation to get through the court system, and class members often have a long wait, sometimes years, to collect settlement payments. Pre-settlement funding, however, is available to get your life back on track. Perhaps you have suffered a personal injury and need funds to cover medical bills and lost wages, or you want to hold out for a fair settlement (which requires expensive litigation) rather than take a low offer from the defense. Whatever your reasons, Pravati Capital can help.
After waiting for the court to approve your claim and a class action is certified, attorneys then file discovery motions regarding the claim and the battle begins. Chances are, multiple plaintiffs are involved with similar complaints and sometimes expert witnesses are called upon. Class action proceedings also come with their own specific procedures and formats, depending upon the type of complaint.
Winning a class action requires highly specialized and experienced lawyers and funders who understand the litigation process. It is important to find expert legal representation: an attorney may be experienced with harmful drug litigation and details about filing but may not have the expertise to win a fraud complaint.
Increasingly, plaintiffs, businesses and law firms reach out to Pravati Capital and use class action lawsuit finance as a way to alleviate risk and lessen the costs of lengthy litigation. They look to Pravati because we have successfully provided finance solutions for many high value class action lawsuits.
Even if a claim has merit, it may not be pursued simply because of the exorbitant cost involved in bringing it to court. Unless you consider the benefits that Pravati Capital can provide.
Using third-party funding allows a plaintiff, a group of plaintiffs or a business to pursue meritorious claims they might otherwise not be able to pursue. Even if a business has the funding to file a class action and wait for settlement, they too should consider the benefits of third-party funding: it frees up cash flow and minimizes the risk if the class action is unsuccessful.
Knowing that Pravati is working with you is the first step toward getting the settlement you deserve. As well, entering into a funding agreement with Pravati Capital provides another set of eyes to scrutinize your claim. Our investors—who have their own legal experts to assess and advance claims— are unlikely to back your claim if it doesn’t have a good chance of success.
What Pravati Capital Offers
We can further provide proactive and experienced advisers to help you resolve complex disputes that require expensive factual and technical evidence, and often unforeseen risks that come up during litigation.
Pravati Capital’s Criteria to obtain funding are straight-forward.
We finance the costs of class action lawsuit litigation. Pravati pays the costs associated with pursuing claims as they fall due. Costs typically covered include attorney fees, expert witness costs and more.
In the event of a successful class action settlement, Pravati Capital receives its share of the proceeds, which has previously been agreed upon. The percentage of the share varies by claim, duration and budget size. In the unfortunate case of a loss, neither the claimant nor the law firm need to refund Pravati for any costs incurred.
Partner with Pravati Capital today to support the future of your clients, and your firm, with the class action lawsuit financing you need to win.