The victim filed a lawsuit against the property manager Lakeview Associates Inc. and property owner LA Burling LLC in July 2013, alleging maintenance officials failed to inspect and repair the defective balcony so it would not give way under an individual’s normal use and failed to warn invitees of its dangerous condition.
Both defendants contended that the victim either knew or should have known the railing was not intended to support his weight. The case was mediated in December 2014, but a settlement could not be reached. During the litigation process, it was discovered that maintenance crews painted over the railing’s rust at least five year prior to the incident. Lakeview later admitted negligence, although LA Burling denied all allegations throughout the litigation. Two days into the trial, the case settled for $4.5 million, the largest porch collapse settlement in Illinois history, according to a news release.
Litigation is costly and timing consuming; this case took three years to reach a settlement. The victim was seriously injured, he faced numerous surgeries and seeking a college degree was put on hold. He may have been left in a devastating financial situation, especially with mounting medical expenses and the inability to obtain an income. Although his case ultimately settled, he may have struggled financially for years.
In any lawsuit, it is not only important for a victim to win his/her case, but it is equally important to maintain financial stability without settling too early, for too little. This may be possible by securing lawsuit funding against their pending lawsuit. When someone is seeking a settlement advance for a personal injury claim, they oftentimes use the funding to help pay for associated expenses, such as medical bills or tuition costs. Funding can also be used as leverage, allowing their attorney extra time to negotiate a fair settlement.
A lawsuit cash advance is based only on the merits of the case and not on credit standing. Repayment would occur if, and only if, recovery was made in the case. The application process is quick and easy, and can be done online. Once approved, funding can be available for use in 48 hours or less. Call Litigation Funding toll free, 1-877-377-SUIT (7848) or visit us online. A representative would be happy to answer any questions or assist you with processing your application.
The post Balcony Collapse Trial Ended In Record-Settling Settlement first appeared on SEONewsWire.net.]]>