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.
|By PR Newswire
|August 18, 2014 05:00 AM EDT
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
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications.
Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Jul. 28, 2016 06:00 PM EDT Reads: 938
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Jul. 28, 2016 05:30 PM EDT Reads: 1,845
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 05:30 PM EDT Reads: 2,208
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Jul. 28, 2016 05:00 PM EDT Reads: 407
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data.
In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 28, 2016 04:30 PM EDT Reads: 1,179
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA.
This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Jul. 28, 2016 04:30 PM EDT Reads: 891
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
Jul. 28, 2016 04:15 PM EDT Reads: 356
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases.
In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 28, 2016 04:15 PM EDT Reads: 1,772
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform.
In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Jul. 28, 2016 03:45 PM EDT Reads: 1,116
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector.
In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 28, 2016 03:45 PM EDT Reads: 1,018
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited.
In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Jul. 28, 2016 03:30 PM EDT Reads: 365
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk.
CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
Jul. 28, 2016 03:30 PM EDT Reads: 706
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 28, 2016 03:15 PM EDT Reads: 1,904
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.
Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
Jul. 28, 2016 03:15 PM EDT Reads: 693
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 03:00 PM EDT Reads: 1,563