Welcome!

News Feed Item

Legal-Bay Lawsuit Settlement Funding Taking Applications on Iran Bombing Case, Judgment on Appeal Awards Totaling US$1.7 Billion

Pre-Settlement Case Funding Firm announces Commercial Litigation Cases eligible for lawsuit funding under new focus for company.

BRONX, N.Y., Aug. 18, 2014 /PRNewswire/ -- Legal-Bay LLC, the Lawsuit Settlement Funding Company, announced today that they have begun taking pre-settlement funding applications on the Iran Bombing Case in which US$2.6 Billion was awarded to family members in 2007. Legal-Bay recently announced an increased focus and additional funding capital for commercial litigation cases, and civil lawsuits involving complex business litigation, as well as verdict on appeal and judgment on appeal cases.  Legal-Bay has a dedicated staff in place, as well as competent underwriting lawyers who have the experience to evaluate and approve large commercial litigation funding in amounts up to US$500K. While other legal funding firms tend to shy away from large funding amounts, Legal-Bay is working to evaluate commercial litigation claims quickly and efficiently for its clients.

Logo - http://photos.prnewswire.com/prnh/20140714/126845  

On October 23rd 1983 close to 300 U.S and French militants were killed in a bombing of Beirut, Lebanon. The survivors and the families who lost loved ones sought justice through filing claims, including wrongful death, assault, ruthless battery, emotional trauma, and several others in response for the tragic event. Compensatory and punitive damages were found liable from the Islamic Republic of Iran and the Iranian Ministry of Information and Security.

In the case of Peterson v. Islamic Republic of Iran the families were awarded $2.6 Billion in 2007 in Federal Court in New York, and on February 28th 2013, the Court granted the victim's families a $1.7 billion judgment of the $2.6 billion against Iran's main bank through blocked assets held by Citibank N.A. Certain laws restricted the collection of the award, but Congress allowed the payout after a change in legislation. Bank Markazi, central band of Iran requested an appeal on the frozen $1.7bil held by Citibank NA.

Cases like this involving a large judgment or award that is on hold or on appeal can be frustrating for the plaintiff because they are unsure when they will ever get their money. Legal-Bay is working at the forefront in order to help the families get the funding they need today while the legal disbursement of the funds is ultimately made. 

Patty Kirby, Head of Client Relations, commented on the company's focus on the commercial litigation case, "The Iran verdict on appeal case is a very unique one that has been tied up in the courts for years. However, much like other judgment cases where a bond is posted after trial –the courts in this case are actually in possession of $1.7 Billion- and we believe that we can now start to attempt to help the families that need access to their settlement funds right now through our lawsuit cash advance program."

Commercial litigations are very complex; however Legal-Bay has proclaimed their dedication to working through the issues and doing their best to get their clients funded, regardless of the nature of the case at hand. To learn more about Commercial Litigation Cases log onto: http://www.lawsuitssettlementfunding.com/commercial-lawsuit-funding.php

The company has now secured additional funding capital for other types of commercial litigation cases including, but not limited to: Judgment on Appeal or Verdict on Appeal cases, Qui Tam or Whistle Blower Cases, Breach of Contract cases, Security Fraud or Stock Arbitration Cases, Patent or Copyright Infringement, Intellectual Property Disputes, Anti-Trust Lawsuits, Large Wrongful Termination cases, Legal Malpractice Disputes, Franchise Protection Cases, Real Estate Disputes, Banking Dispute Cases, Royalty Payment Disputes, Estate or Trust Disputes, Construction Disputes, and Environmental Disputes.

All of Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a lawsuit loan, lawsuit loans, settlement loan, settlement loans, pre-settlement loan or pre-settlement loans. To learn more about how Legal Bay's funding process works on Commercial Litigations visit: http://lawsuitssettlementfunding.com/funding-process.php

If you are currently involved in a drawn out commercial litigation lawsuit and need financial assistance until you receive your final award, you may apply for a free case evaluation by calling Legal-Bay's toll free hotline at: 877.571.0405 or by filling out an online application at:  http://lawsuitssettlementfunding.com.

Contact: Patty Kirby, COO/Head of Client Relations
             Ph. 877.571.0405 Email: [email protected]    

SOURCE Legal-Bay 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
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.