Those who purchased a Juul product prior to December 7, 2022, may be eligible for compensation. This is due to a $300 million settlement the electronic cigarette company paid out. To find out if you are eligible for this or a class-action lawsuit loan associated with it, consult with an attorney.
At Silver Dollar Financial, we want to help you with your Juul lawsuit in any way we can. As part of our efforts, we provide Juul legal funding. To learn more, reach out to us.
Class-Action Lawsuit Against Juul
Juul provided e-cigarette products to adults in search of an alternative to traditional cigarettes. In 2022, the U.S. Food and Drug Administration (FDA) ordered Juul to take 10 of its products off the market, according to Yale Medicine. Previously, in 2018, the FDA indicated many teens were becoming addicted to nicotine due to e-cigarette products from Juul and others.
To date, Juul has received over 5,000 lawsuits, Forbes reported. Some plaintiffs in these cases claim the company deceived or misled them. Others allege the business did not warn them about the risks associated with using its products.
In December 2022, Juul agreed to pay $255 million to settle claims against it, and tobacco marketing company Altria and others paid out $45 million. Four months later, Juul announced a $462 million settlement with New York, California, and several other states, The New York Times indicated. The company has incurred losses of at least $3 billion thus far as it looks to settle claims.
How to Get a Juul Settlement
There was a February 5, 2024, deadline to make a claim relating to the $300 million settlement from Juul. If you missed this deadline, you may still have the option to pursue damages as part of a product liability lawsuit. To determine if you can, meet with an attorney to discuss your legal options.
Even if you request compensation from Juul and have a valid claim, it may be months or years before you actually receive any money. Many plaintiffs are currently involved in lawsuits against Juul, and there is no timeline for when these cases will be resolved. As Juul continues to explore ways to settle these claims, you may still need money to cover medical bills and other costs relating to your use of Juul products.
Thanks to Silver Dollar Financial, you can get approved for a Juul lawsuit cash advance in as little as one day. We offer lawsuit loans to those who are in the middle of a lawsuit against Juul. For more information, contact us today.
How Juul Lawsuit Loans Work
Legal funding is different from a personal loan from a bank or credit union. It allows you to get compensation based on the projected settlement in your Juul case. There is no credit check or review of your income history, and you only have to provide information about you and your case during the application process.
When you apply for pre-settlement funding, you should expect a response as soon as the next day. A lawsuit funding company reviews your request and then issues a personalized loan quote. Next, you can take a look at the quote and decide what to do from here.
If you are satisfied with a quote, you can approve your loan and get your money. You have the flexibility to spend your pre-settlement loan however you decide. If you win or settle your case, only then do you have to pay back what you owe.
Juul Pre-Settlement Loan Benefits
There is a lot to like about pre-settlement funding for Juul lawsuits. This type of funding helps you get money you can use throughout your litigation. Along with this, reasons why people get lawsuit loans include:
- Flexible terms and conditions
- Fast loan approval
- Low interest rates
- No proof of income necessary
- No application fees
If you are unsure about whether now is the right time to get legal funding, review your options. Discuss your Juul case with a lawsuit loan provider. This allows you to explain what you are looking to get out of a loan and determine if a pre-settlement funding company can meet your expectations.
How Juul Legal Funding Stacks Up Against a Personal Loan
You may believe a personal loan is the best option if you need money right away. For those involved in a Juul lawsuit, pre-settlement funding may prove to be the superior option. There are several reasons why.
First, it can take days or weeks before you hear back from a bank or credit union regarding your loan request. If you are approved, you must comply with your lender’s terms and conditions. You must pay back your loan, regardless of whether you get compensation as part of your Juul case.
Comparatively, legal funding is based solely on your litigation. A legal funding company takes 100% of the risk with your loan. If no damages are awarded or you do not settle your claim, you are not responsible for repaying your loan.
What It Costs to Get a Juul Lawsuit Loan
Your legal funding company will explain what a loan entails before you get your money. The business does not charge you anything if you fill out an application. It will discuss its interest rates with you and make sure you understand how they apply to your loan.
If you win or settle your lawsuit, your attorney handles your pre-settlement loan repayment. To do so, your lawyer deducts what you owe for your loan from your settlement. They then send a check for this amount to your legal funding company.
On the other hand, you may not get any compensation in your lawsuit. If this occurs, you keep the money you received from your lawsuit funding company. Your attorney notifies the business about your case result, and the company clears your loan balance.
Request Juul Legal Funding
Do not wait any longer to request a Juul lawsuit loan. Silver Dollar Financial can help you get approved for pre-settlement funding. To get started, contact us today.