In 2020, Bayer, the parent company of agrochemical and agricultural biotechnology Monsanto, set aside nearly $11 billion to pay out claims relating to the Roundup herbicide. Since that time, some of these claims have been settled, but many remain open. If you are in the middle of a Roundup claim, you may be eligible to get a lawsuit loan with your product liability lawyer to cover your expenses until your case is settled.
At Silver Dollar Financial, we offer Roundup lawsuit loans with flexible terms. Our team is available to discuss our legal funding for Roundup cases with you. To learn more about qualifying for our types of funding, please contact our team at any time that is convenient for you.
Roundup Lawsuits
As of June 2020, Bayer faced thousands of lawsuits relating to Roundup, according to The Associated Press. In these lawsuits, plaintiffs claimed the herbicide contributed to cancer symptoms. At the time, Bayer agreed to pay $10.9 billion to settle the lawsuits, along with $1.22 billion to resolve litigation relating to toxic chemical PCB found in water and the weed killer dicamba.
Per Drugwatch, there are 4,281 Roundup cases open as of April 2024. Previously, 4,834 such cases were filed in California. This means the majority of plaintiffs in these cases have not received any compensation to date.
Settlement negotiations are underway in Roundup cases. Regardless, there is no telling when some plaintiffs will get compensation. Meanwhile, these individuals are forced to deal with their medical expenses on their own.
Roundup Cancer Claims
There were once questions about whether Roundup can cause cancer. In an analysis released by the University of Washington Department of Environmental & Occupational Health Sciences (DEOHS), researchers linked glyphosate, the primary ingredient in Roundup, to non-Hodgkin lymphoma. They noted exposure to glyphosate may increase the risk of non-Hodgkin lymphoma by 41%.
To date, some plaintiffs in Roundup lawsuits have been able to show a correlation between their cancer and the herbicide. In February 2024, a plaintiff received $2.25 billion in damages, the AP reported. In the case, the plaintiff highlighted how their blood cancer was related to using Roundup for 20 years.
Research remains underway to investigate the link between Roundup and cancer. Bayer continues to work with plaintiffs to resolve claims relating to its herbicide. If you need money while your attorney tries to resolve your Roundup claim, you may benefit from a lawsuit loan.
How Roundup Personal Injury Lawsuit Loans Work
Medical expenses may add up quickly, particularly for those in the midst of a Roundup lawsuit. You may have no idea when you will receive a settlement. In the meantime, you may be able to request a personal injury lawsuit loan that helps you cover your bills.
An injury legal loan lets you use your projected Roundup case settlement amount to secure money. A lawsuit funding company accepts your loan request contingent on the result of your case. It gives you money you are able to use right away, and you can pay back your loan if you win or settle your case.
Silver Dollar Financial is a leading choice for Roundup legal funding. Our team can teach you about lawsuit funding and help you get a loan that meets your expectations. For more information, contact us today.
Who Can Request a Roundup Legal Loan
You can apply now for a pre-settlement loan if you are involved in a Roundup case. An attorney must represent you before you can submit your application materials. Your lawyer will handle communications between you and your legal loan provider.
During the application process, you do not have to pay anything, and you do not need to submit information about your credit score or income. A pre-settlement funding company only asks for your contact information and details about your case. Next, the business gives you a personalized loan quote.
Your quote will include information about how much money you can get and the interest rate associated with your loan. If you agree to the quote, you can finalize your loan request. At this point, your legal funding provider sends you money.
Roundup Lawsuit Loan Risks
You may request a personal loan, which may allow you to get money you can use for the duration of your Roundup lawsuit. However, doing so may prove to be riskier than asking for legal funding. There are several reasons why.
To get a personal loan, you may have to provide a bank or credit union with information about your credit and financial history. In addition, it may take a lender days or weeks to review your request. If your application is approved, you will get your money but have to pay it back in accordance with your lender’s terms and conditions.
It may take only minutes to apply for a legal loan, and you may be approved for funding within 24 hours. Also, your lawsuit loan provider takes 100% of the risk. If you are wondering if you are required to repay a non-recourse loan, you only have to do so if you receive compensation.
Roundup Pre-Settlement Loan Repayment Process
Figuring out how long it takes to settle a lawsuit depends on the case. When you get a Roundup lawsuit loan, you do not have to worry about repayment until your case is resolved. If you get compensation, your attorney can help you pay back your loan.
After you receive compensation, your lawyer can deduct what you owe your legal funding provider. Your attorney can then submit a payment to cover your legal loan balance. Finally, you get the remaining amount, and your case is closed.
Comparatively, if you do not get any compensation, your attorney will let your legal loan provider know about the result of your case. Your lawsuit loan company covers your balance. It allows you to keep the money you already received without any penalties.
Submit Your Request for a Roundup Lawsuit Loan
Silver Dollar Financial may be able to provide you with up to $100,000 in Roundup pre-settlement funding. We can help you apply for a legal loan and get money immediately. To find out more, contact us today.