Welcome!

News Feed Item

Law Finance Group Announces The Avalability Of Funding On Chinese Drywall Settlements

SAN FRANCISCO, Feb. 11, 2014 /PRNewswire/ -- Nearly a year after the first Toxic Chinese Drywall Settlements were approved against Knauf Plasterboard Tianjin, Interior Building Supply, Banner Supply Co., L&W Supply and others, half the Registered Affected Properties still have not had their claims processed.  Law Finance Group ("LFG") announced they are ready to help plaintiff attorneys who have worked hard for these Settlements by creating a Chinese Drywall Funding Facility to help continue the fight through the delays with a flexible funding facility.

Chinese Drywall was imported into the U.S. due to a shortage in American made drywall products during the real estate boom between 2004 and 2006. The imported Chinese Drywall was found to be defective and toxic, and required replacement. Five of the class action Settlements, worth more than $1B, involving hundreds of distributors, builders and insurers to compensate homeowners was approved by Federal Judge Eldon E. Fallon in June 2009. On February 8, 2013 Judge Fallon certified the five class action settlements which will benefit more than 10,000 property owners. The payoff for attorneys working the cases is long overdue as the work by the settlement administrator Brown Greer continues. "Sometimes the endgame can take a long time. Whether the attorney is expecting common benefit fees and/or representing clients, four years is a long time to wait for a paycheck," says Alan Zimmerman, Founder and CEO of LFG.

The approved Settlements call for companies who manufactured Chinese Drywall to pay hundreds of millions of dollars to repair damaged homes, but defendants who did not settle are being held up at the Fifth Circuit through on-going legal maneuvers by defendant Taishan Gypsum Co., Ltd., who sold more than $8.5M worth of its drywall to the U.S. "The process must be frustrating for attorneys who have filed claims but also have other opportunities that need funding," says Ajit Singh, a funding attorney with LFG. "A spreadsheet comparing the remediation numbers using Xactimate software and final bid prices provides a pretty strong indication of how an attorney's portfolio of fees is going to resolve, but not too many outfits are willing to lend significant money against it . . . we can."

LFG is currently celebrating its 20th year of successfully providing funding to attorneys and plaintiffs since 1994. The Chinese Drywall Funding Facility is the latest solution by LFG to aid attorneys navigating the imperfect justice system and to provide innovative capital solutions to help firms grow. Interested lawyers should contact an LFG Funding Attorney to talk about their portfolio of Chinese Drywall claims.

About Law Finance Group, LLC
LFG is a lawyer founded and managed licensed finance company. It has been providing on-demand law-related capital to lawyers and their plaintiff's since 1994, successfully advancing more than $300M in thousands of cases. LFG advances funds in class action cases, judgments on appeal, cases on remand and complex settlements.

For more information on how LFG can help you, please contact Ken Baritz: (O) 800-572-1986, (C) 561-212-1740, email: [email protected].

SOURCE Law Finance Group, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...