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
"There is a huge interest in Kubernetes. People are now starting to use Kubernetes and implement it," stated Sebastian Scheele, co-founder of Loodse, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
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.
Providing secure, mobile access to sensitive data sets is a critical element in realizing the full potential of cloud computing. However, large data caches remain inaccessible to edge devices for reasons of security, size, format or limited viewing capabilities. Medical imaging, computer aided design and seismic interpretation are just a few examples of industries facing this challenge. Rather than fighting for incremental gains by pulling these datasets to edge devices, we need to embrace the i...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walked through how Octob...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...