Blog Post
Balanced Bridge Funding Provides Financing to Plaintiffs with Sex Abuse Awards from Settled Cases
Apr 03, 2020
Balanced Bridge Funding, LLC (“Balanced Bridge”) now offers a special financing program for plaintiffs involved in settled sex abuse cases, who have awards and are interested in receiving a portion of their award upfront.
In cases like USC George Tyndall
and Larry Nassar, plaintiffs are placed in categories in accordance to their level of abuse. Once they receive notification of their award, they may want to access a portion prior to the anticipated distribution. Balanced Bridge can give them the option to do that. “Our past experience dealing with plaintiffs in these kinds of cases has given us the confidence to move forward with this specially designed program,” says Joseph Genovesi, CEO of Balanced Bridge. As a direct funder, Balanced Bridge is able to communicate and coordinate funding to plaintiffs with awards in a matter of days.
Rogue gynecologists like Larry Nassar, George Tyndall, and Nikita Levy
are well known because of the abuse they inflicted on their patients. Each of them was accused of sexual abuse, and because of that, the institutions they worked for were also sued. USC, Michigan State, U.S. Olympics, and John Hopkins University eventually settled with the plaintiffs, costing these institutions millions of dollars. However, with such settlements, the monetary awards the plaintiffs are slated to receive can take a long time to payout.
In other news related to the sex abuse cases, the Boy Scouts of America are facing hundreds of lawsuits from plaintiffs who alleged they were abused by officials in the organization. Last month, the organization filed for bankruptcy due to the massive amount of pending litigation, which allegedly paused the lawsuits from moving forward.
In addition to the Boy Scouts of America, lawsuits and settlements against religious organizations and officials of all faiths have increased. School districts have also been defendants in numerous sex abuse cases. As the atmosphere leans towards the abused making their stories heard and pursuing legal action, lawsuits and settlements will continue to increase.
Plaintiffs who have received notification of their award in their settled case and are interested in receiving a portion upfront can complete an application
on Balanced Bridge’s website. They can also contact the company via email at info@balancedbridge.com
or call 267-457-4540.
The plaintiffs and the estate of Jeffrey Epstein have reached a settlement to provide compensation for the treatment they claim they suffered at the hands of the deceased Epstein. A federal judge in the Virgin Islands approved the settlement.
Universal Health Systems (UHS) agreed to pay $117 million to settle allegations of overbilling. Whistleblowers who were part of the investigation are to receive over $15 million for their part in exposing UHS.
Balanced Bridge can offer funding to plaintiffs’ and plaintiffs’ attorneys involved in settled cases against Harvey Weinstein and The Weinstein company. We can provide funding on the fees owed to the attorneys and on the awards the plaintiffs will receive . Once you know the amount you are to receive from the settlement, Balanced Bridge can provide an upfront portion of the amount due for you to use at your discretion. Harvey Weinstein was a famous producer in Hollywood. Many of the movies he was associated with are considered classics and some examples of great filmmaking. However, in recent years his reputation and livelihood were tarnished due to his alleged behavior he was accused of. The last few years, Weinstein’s fall from grace includes charges of sexual harassment, sexual abuse, rape against multiples of women. Many of the accusers are women he allegedly tried to give acting jobs too, high profile actresses, and even some assistants. Arguably, the start of his decline began with a recorded interaction between Weinstein and a lesser known actress that was everywhere. From there the floodgates seemed to open with accusations piling up and stories about his alleged behavior all over the news. Recently, a federal judge threw out a $25 million settlement agreement between the plaintiffs’ and Bob Weinstein. According to news stories about the judge’s action, he called the agreement obnoxious because it covered the legal fees for Weinstein and his brother Bob and other board members of the company. In addition, it was reported the agreement did not include him taking responsibility for his actions. The Hollywood Reporter published a story about the details of the collapse. The settlement would have created a compensation fund for the victims for over 30 accusers and any future claimants. It would also have settled all the lawsuits against Weinstein and his company. However, The Weinstein Company is now in bankruptcy and that could complicate matters when it comes to reaching a settlement. The Wall Street Journal reported bankruptcy attorneys are trying to salvage the settlement. There is a lot of financial uncertainty, and creditors will be fighting amongst themselves to determine who gets paid first. Weinstein is currently in a New York state prison serving over 20 years after being found guilty of rape. He is due to face similar allegations in a California court. Balanced Bridge Funding has experience providing funding to plaintiffs with sexual abuse cases ., as well as to the attorneys representing them. For more information, please call one of our legal finance specialists at 267-457-4540, or fill out our quick form application .
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