Stryker Rejuvenate & Stryker ABG II Hip Implant Lawsuit Settlement Update - New Registration Deadline for Lawsuit Participants

    SECAUCUS, NJ, February 26, 2015 /24-7PressRelease/ -- Atlas Legal Funding, a provider of no-risk legal funding, today announced that the registration deadline for the Stryker $1.4 billion lawsuit settlement has been moved from March 2nd to March 16th.

Following the announcement of the Stryker hip settlement, federal judge U.S. District Court Justice Donovan Frank ordered the registration of all potential claims from patients who received defective Stryker Rejuvenate or Stryker ABG II hip implants. Under this settlement, thousands of Stryker hip implant patients will receive $300,000 each, or more, after having received defective hip devices. This registration deadline applies to those who accept the terms of the settlement and are eligible to participate -- regardless of whether a case has been filed or not.

Approximately 5,000 Stryker Rejuvenate and ABG II Hip Lawsuits Have Been Filed; 20,000 Hip Device Implants Sold

A Stryker recall was issued in June 2012, when it was determined that the products pose an unreasonable risk of fretting, corroding and ultimately failing as the metal parts rub against each other. There are currently about 5,000 Stryker Rejuvenate and ABG II hip lawsuits filed in state and federal courts nationwide; before the recall was issued, approximately 20,000 Rejuvenate and ABG II implants were sold.

Funding Likely to be Disbursed Late Summer or Early Fall 2015; Advanced Payments Disbursements Anticipated for Late 2015, Early 2016

The settlement is expected to result in a base payment of $300,000 for each Stryker Rejuvenate or ABG II plaintiff who underwent revision surgery on or before November 2, 2014, and otherwise qualifies for the settlement. In addition, individuals who suffered catastrophic injuries will be able to pursue additional compensation under the settlement if they meet several eligibility requirements for "enhancements".

"Despite the claims' submission deadline slated for March 16, there is still a long way to go before Stryker hip claimants will actually receive settlement funding," said Jeff Kahn, Managing Partner of Atlas Legal Funding. "Early estimates state that the first payments from the settlement will not happen until sometime during the late summer or early fall of 2015, with those that qualify for enhanced payments under the settlement agreement receiving payment at the end of 2015 or early in 2016."

Legal Funding Can Bridge the Financial Gap

If settlement funds are needed sooner than later, plaintiffs can receive an advance on the pending settlement through Atlas Legal Funding. Atlas provides no-risk cash advances to Stryker hip claimants to bridge the gap in making ends meet -- whether their settlement funds come in this summer, fall, winter or early 2016. If you're ready to apply for legal funding now, fill out form by clicking here. Or for more information on receiving a cash advance on your Stryker Hip settlement, contact Atlas Legal Funding by visiting our website, www.atlaslegalfunding.com, or calling to speak to a representative at (877) 635-4037. Atlas can advance settlement payments to plaintiffs involved in the Stryker hip recall settlement in as little as 48 hours; we will work with your attorney to make sure that the application process is quick and easy.

About Atlas Legal Funding

Atlas Legal Funding is a lawsuit funding company located in Secaucus, New Jersey. We are an attorney- and plaintiff-friendly firm; we provide non-recourse legal funding for both pre- and post-settlement cases to plaintiffs for some of the lowest rates in the industry.

We also provide tax-free Structured Settlements to personal injury plaintiffs to help with their life needs. Additionally, we are able to help personal injury attorneys structure their fees in order to defer their tax liability.

Benefits of Working with Atlas:

- Our process is quick and streamlined; we usually only need a few minutes to discuss a case and limited documentation is required.
- Average wait time to receive funds is 48 hours.
- We have some of the lowest rates in the legal funding industry.

Currently, we're focused on providing funding for the cases below, which fall into both pre- and post-settlement funding categories:

- NFL Concussion Cases
- Trans-vaginal / Pelvic Mesh
- Stryker Hip Replacement
- Medical Malpractice
- Avandia
- Motor Vehicle (MVA) Cases
- Multiple personal injury cases

Keep in mind, repayment on non-recourse loans is only required if the case is won or settled out of court. Should a client lose a case, repayment is not required.

If you'd like to set up a time to talk, or if you have any questions about our funding process or requirements, please contact Jeff Kahn or Jeremy Fink at 877-635-4037 or visit us today at www.AtlasLegalFunding.com.

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