In June 2021, Philips recalled millions of BiPAP, CPAP, and ventilator devices across the United States. These devices were shown to produce toxic gas or particles that users could inhale. Many device users are suing Philips — and they may be eligible for non-recourse funding from a legal funding company.
Silver Dollar Financial offers a wide range of CPAP lawsuit cash advance options. Our team is available to discuss our product liability lawsuit loans with you. Contact us today to learn more.
Philips CPAP Recalls
The Philips CPAP recalls took place due to the potential health risks associated with these devices, according to the U.S. Food and Drug Administration (FDA). These devices feature a polyester-based polyurethane (PE-PUR) foam designed to reduce sound and vibration. When the foam deteriorates, pieces of it or chemicals from it can be ingested by a device user.
When the PE-PUR foam of Philips CPAP devices may break down due to exposure to hot or humid conditions, FDA points out. The issue can worsen if ozone cleaners or other cleaning methods are used on these devices. If someone ingests pieces of foam or chemicals from one of these devices, they could suffer serious injuries.
In September 2023, Philips reached a $479 million partial settlement for claims relating to defects with some of its breathing machines, The New York Times reported. As part of this agreement, the device manufacturer said it would provide compensation of $50 to $1,500 to each consumer and $100 for each device returned to the business. Philips also indicated that it replaced and delivered about 2.5 million devices to U.S. consumers and suppliers.
Injuries Linked to Defective Philips CPAP Devices
During the breakdown of PE-PUR in Philips CPAP devices, the foam can degrade into pieces that enter air tubes or can be inhaled. An individual may not see these pieces of foam in a device’s air tubes or mask. They may inhale the piece without realizing it, and the consequences of doing so can be severe.
The risks of swallowing foam pieces from Philips CPAP machines include irritation to the skin, nose, eyes, and respiratory tract. Users may be susceptible to an inflammatory response, headache, and asthma as well. There may be cancer-causing effects that can occur, too.
In addition, Philips CPAP devices may release volatile chemicals that put a user in danger. Inhaling these chemicals can cause headaches, dizziness, nausea, or vomiting. Along with these things, inhalation of chemicals from PE-PUR may result in an allergic reaction.
What to Do if You Have Been Using a Recalled Philips CPAP Device
If you are utilizing a recalled Philips CPAP machine, consult with your healthcare provider. The risks associated with stopping the use of the device altogether may outweigh the benefits. Your doctor can help you determine the best course of action.
In its recall, Philips agreed to conduct additional device testing. The company also said it would submit information relating to the risks of PE-PUR foam. It continues to review information about the safety of its devices.
Those who want to file a personal injury lawsuit against Philips can consult with an attorney. At this point, a lawyer can calculate your damages and help you submit your claim. They may help you pursue a personal injury lawsuit loan that you can use to cover your expenses during your litigation.
How a CPAP Lawsuit Loan Works
A product liability lawsuit loan is available to those who submit a claim against Philips due to a defective CPAP machine. This financing is not the same as a personal loan. To understand how, consider how a standard loan works versus a non-recourse one.
If you ask for a personal loan from a bank or credit union, you will likely have to provide information about your credit and income histories and fill out a lengthy application. The lender may approve your request after several days or weeks. If it does, you will be required to repay your loan in accordance with your lender’s terms and conditions.
CPAP legal funding is based exclusively on the projected settlement amount of your lawsuit. It does not take long to process a request for a lawsuit loan, and you may get approved in as little as 24 hours. If you accept a loan but do not get a settlement, you are not required to repay your funding.
What It Takes to Get a CPAP Legal Loan
There are minimal requirements to get approved for CPAP lawsuit funding. To get started, you first need to hire a lawyer. This allows you to have legal representation during your lawsuit, and your attorney will handle communications with your legal funding company.
The application process for legal loans usually takes just minutes to complete. You can apply for a loan over the phone or online. Lawsuit funding specialists are available to help you every step of the way.
During the application process, you do not have to provide information about your credit and income histories. Instead, you only need to share details about you and your case. The team at Silver Dollar Financial can help you submit your legal funding request — for more information, reach out to us.
How to Pay Back a CPAP Lawsuit Loan
In the best-case scenario, you get a settlement in your CPAP lawsuit. If you previously received legal funding, you will have to repay your loan at this time. Fortunately, your attorney takes care of the repayment process for you.
Your lawyer deducts whatever you owe your legal funding provider from your settlement check. Next, your attorney sends you a check for the remaining amount. Finally, your loan is paid in full, and you can use the remainder of your settlement however you decide.
Keep in mind that lawsuit funding is a type of non-recourse loan. As such, your lender takes 100% of the risk. If you do not receive compensation in your CPAP case, you keep the full amount of your loan, and your legal funding company clears your balance.
Request a CPAP Lawsuit Loan
Silver Dollar Financial is a leading provider of lawsuit loans across the United States. We can help you get a CPAP pre-settlement loan as quickly as possible. To find out more, contact us today.