Tag Archive for rd legal funding

RD Legal Funding Joins Other Companies Challenging CFPB’s Authority, Seeks To Dismiss Lawsuit

RD Legal Funding Logo

RD Legal Funding, LLC (RD Legal) and its affiliated companies recently filed a motion to dismiss the joint lawsuit by the Consumer Financial Protection Bureau (CFPB) and the New York State Attorney General’s office (NYAG). The motion seeks the dismissal of the complaint based on, among other things, the unconstitutional structure of the CFPB; the overreach by the CFPB in its attempt to regulate transactions over which it has no jurisdiction; and the improper characterization of RD Legal’s transactions as loans rather than true sales transactions.

During the course of the last several months, multiple media outlets have reported how other companies are pushing back against the CFPB’s overreaching as well as challenging the agency’s unconstitutional structure. In addition to RD Legal, Ocwen Financial Corporation, PHH Corporation, Pathfinder Payment Solutions, Prime Market Holdings, the Accrediting Council for Independent Colleges for Schools, and the State National Bank of Big Spring have challenged the CFPB’s overreaching. These companies have also argued the agency over stepped their authority, disregarded the law, and distorted the facts.  The U.S. Department of Justice has also argued that the CFPB’s structure is unconstitutional.

Additional Reading

http://www.breitbart.com/big-government/2017/04/04/companies-challenging-increasingly-vulnerable-consumer-financial-protection-bureau/

https://www.insidehighered.com/quicktakes/2015/10/26/gop-lawmakers-slam-cfpb-probe-involving-accreditation

http://www.bizjournals.com/southflorida/news/2017/04/26/ocwen-responds-to-illegal-foreclosure-lawsuit-by.html

https://www.law360.com/articles/877799/payment-processing-marketer-wants-sanctions-against-cfpb

http://www.nationallawjournal.com/id=1202774917908/ForProfit-College-Accreditor-Challenges-Politicized-Scrutiny

RD Legal Funding Makes Donation to Essex County Legal Aid Association

RD Legal Funding LogoThe below press release was distributed via PR Newswire on February 11th, 2015.

Cresskill, NJ – RD Legal Funding, LLC (“RD Legal”) recently made a donation to the Essex County Legal Aid Association, a 501(c)(3) nonprofit organization that provides free emergency legal services about civil matters to those who can’t afford it in the county.

Founded in 1906, the Essex County Legal Aid Association (“ECLAA”) last year helped 1,217 indigent clients from Newark, East Orange, Irvington and other county communities. Senior ECLAA attorney Ingrid Enriquez noted, “The majority of our clients seek and get our one-on-one help with landlord-tenant matters. We also help indigent people with consumer, family, individual rights, employment and income maintenance crises.”

ECLAA’s focus is providing immediate help with civil law emergencies. Ms. Enriquez noted, “If an ECLAA client needs representation after we handle the crisis, we will refer the client to relevant organizations.”

“Part of our mission at RD Legal Funding is supporting plaintiffs and attorneys, and ensuring that all parties can have fair access to justice,” said RD Legal President Joseph Genovesi. “Contributing to ECLAA, an organization that provides legal services to those in need, was a logical step.”

ECLAA business administrator Robert Adler said, “ECLAA is funded solely by donations and grants. This first-time support from RD Legal Funding helps us to assure that our staff attorneys can provide face-to-face legal advice to income-eligible clients. ECLAA is a small and effective nonprofit organization that has earned the Gold-Level Exchange Seal from Guidestar (www.guidestar.org) for being ‘transparent and proactive in providing information and documents to help donors and funders make their giving decisions.'”

ECLAA’s office in the Hall of Records building (Room 118, 465 Dr. Martin Luther King, Jr. Boulevard in Newark) is open from 9:30 a.m. to 3:30 p.m. Monday through Thursday. To learn more about ECLAA, visit their website (www.eclaanj.org).

RD Legal is committed to ensuring justice is available to all parties. Founded in 1998 by former litigator Roni Dersovitz, RD Legal offers cash flow solutions to plaintiffs’ attorneys and their clients with its unique post-settlement financing options.

To learn more about RD Legal and its unique post-settlement funding solutions, contact Joseph Genovesi at 201-568-9007, ext. 140 or visit http://www.legalfunding.com.

2014 GTLA Auto Torts Workshop

palm treeJoseph Genovesi, President of RD Legal Funding, will be attending the 2014 Georgia Trial Lawyers Association Auto Torts Workshop. The event is being held from Thursday, July 17th through Saturday, July 19th at the Omni Amelia Island Plantation in Amelia Island, Florida. Some events of interest include:

  • Motorcycle Injury Litigation
  • Trying Low Impact, Soft Tissue Cases Efficiently and Effectively
  • Repair Shop Liability and Other 3rd Party Sources of Liability in Auto Cases
  • Couch v. DOC: What Part of Contingency Fees Can Be Recovered Under 9-11-68
  • Law Firm Management and Marketing
  • Effective Use of Treating Physicians in Motor Vehicle Accident Cases

There will also be a golf tournament, family cookout, and beach party with an open bar and volleyball. To view the schedule in its entirety, please click here. You can expect to earn 9 hours of CLE credits, including 3 hours of trial and 1 hour of ethics.

If you happen to be in the area, please stop by the RD Legal Funding booth. We’d love to say hello and discuss how our innovative and affordable post-settlement funding solutions can benefit your law firm’s cash flow. Safe travels and we hope to see you there!

2013 NELA Annual Convention

Denver Capital BuildingJoseph Genovesi and Richard Heilshorn will be attending the 2013 National Employment Lawyers Association Annual Convention, entitled The Summit for Workers’ Rights. The event is taking place from June 26-29 at the Sheraton Denver Downtown Hotel. Attendees can expect a collaboration of education, activism, fun, and inspiration, all geared towards providing practical strategies to enhance your law practice.

Some program highlights include:

  • Winning with Written Discovery
  • Recent Developments in Whistleblower Protections and Using Them to Your Client’s Advantage
  • Winning Strategies for Handling Class and Collective Wage and Hour Actions
  • Using the Employer’s Flawed Investigation to Support Your Case
  • Health Care Laws and Their Impact on Employee Rights
  • A Practical Guide to Settlement Negotiations
  • Obtaining Attorneys’ Fees Practically and Ethically

There will also be a 5K run, a talent show, karaoke night, and a Gala fundraiser to support NELA’s advocacy initiatives to advance justice and equality in the American workplace. If you plan on attending, please stop by the RD Legal Funding booth to say hello and discuss how our post-settlement lawsuit financing solutions can improve your firm’s cash flow.

Missouri State Bar 2013 Solo and Small Firm Conference

missouri-capitalJoseph Genovesi and Lulaine Compere of RD Legal Funding will be attending the Missouri State Bar’s 2013 Solo and Small Firm Conference from June 13th-15th. The event is taking place at the Branson Hilton Convention Center with a projected attendance of approximately 950 attorneys.

This award-winning conference is the largest annual gathering of solo and small firm practitioners in the country. Some highlights from the program agenda include:

  • Starting a Law Practice Boot Camp: Technology Issues in Starting a New Practice by Paul Henry of Denlow & Henry.
  • How to Use Social Networking Sites for Investigative Research: What, Why and How by Carole Levitt and Mark Rosch of Internet for Lawyers.
  • Ethics: Quicksand Ethical Hazards for Solos and Small Firms by Robert Kirkland of Kirkland, Woods & Martinsen, PC.
  • Lien on Me: Resolving Lien Issues in PI Cases by Christine A. Alsop.

If you will be attending the event, please stop by the RD Legal Funding booth to say hello and discuss how our post-settlement attorney fee financing solutions can smooth out your cash flow and boost your law firm’s bottom line. We look forward to seeing you there!

Joseph Genovesi Interviewed on LawTalkRadio

Joseph Genovesi, Senior Vice President of Business Development and Origination at RD Legal Funding, was recently interviewed by Nick Augustine on LawTalkRadio. Topics that were covered include:

Below is a recording of the interview. Please leave a comment and let us know what you think!

Listen to internet radio with LawTalkRadio on BlogTalkRadio

RD Legal Offers Funding to Plaintiff’s Attorneys with Hurricane Rita and Hurricane Katrina Settlements

According to news reports, a notification program was announced to inform plaintiffs of how the new claims process will work, including how payments will be calculated. The settlement was revised from its 2008 version. Plaintiffs alleged levees and other flood prevention structures did not work and were not properly maintained.

Hurricane Rita and Hurricane Katrina caused a tremendous amount of damage to the Gulf coast, especially in states like Louisiana and Texas. The cost of both storms was estimated to be over $100 billion with Katrina causing the most damage. For plaintiff’s attorneys involved in this litigation, it can take a long time to receive your hard-earned fees, even after a settlement has been reached. RD Legal Funding, LLC (“RD Legal”) is ready to help bridge the gap between time of settlement and case payout to help plaintiff’s attorneys better manage their cash flow. RD Legal is one of the nation’s leading providers of lawsuit funding to attorneys.

Hurricane Rita Coverage:


Hurricane Katrina Coverage:

During the aftermath of Hurricane Katrina, it became clear that the measures implemented to prevent flooding failed. The combination of a huge storm, defunded projects, and poorly maintained infrastructure devastated the Gulf Coast region. Hurricane Rita followed a month later adding even more devastation.

The damage from both storms was immense and caused many people to evacuate their homes. A class action lawsuit was filed against several districts in Louisiana and their insurance company. The suit was partially settled for about $20 million. According to the website established for plaintiffs seeking a claim, there are three settlement funds established with over $20 million as of November 2012. Approval of the settlement will be determined in September of 2013 by the United States District Court for the Eastern District of Louisiana.

RD Legal can provide plaintiff’s attorneys with Hurricane Rita and Hurricane Katrina settlements with interim post-settlement funding, which provides immediate capital on settlements. Legal funding does not require any kind of payments until the fee is paid; there are no monthly interest or principal payments, no upfront points or fees. Once the necessary documentation is received, RD Legal can wire funds within several days. RD Legal provides personalized service and quick turnaround.

For more information about Fee Acceleration, please call Joseph Genovesi at 1-800-565-5177, ext. 140.

Joseph Genovesi to Speak to Villanova’s Pre-Law Society

graduationRD Legal Funding’s SVP Joseph Genovesi will speak to the Pre-Law Society at Villanova University on Wednesday, April 24th. Mr. Genovesi, who graduated from Villanova with a B.S. in Finance in 2001, will address the group about his days as an undergrad and his responsibilities at RD Legal, where he is Senior Vice President of Business Development and Origination.

Read the press release in its entirety at PRNewswire.com.

RD Legal Funding’s Twitter Account Surpasses 1,000 Followers

rd legal funding surpasses 1000 twitter followersRD Legal Funding, LLC (“RD Legal”) reached a social media milestone last week when their Twitter account surpassed the 1,000 followers mark. RD Legal is proud to embrace the new wave of technology to spread their message and interact with the public.

In their news section and corporate blog, RD Legal publishes articles pertaining to lawsuits and settlements throughout the country, as well as original pieces about the legal funding industry.

RD Legal also links to white paper studies and legal journal articles about legal funding, lawsuit financing, and third-party litigation funding, all in an effort to educate and inform both attorneys and the general public about the legal finance industry. In addition to maintaining a strong presence on Twitter, RD Legal is also active on Facebook, Google Plus, and LinkedIn.

For more information about post-settlement legal funding solutions, contact Joseph Genovesi toll-free at 1-800-565-5177, ext. 140, or visit the RD Legal website for an explanation of our post-settlement cash flow solutions.

With Resolution of Fee-Sharing Dispute, Settlement Funding is Now Available to Avandia Plaintiffs’ Attorneys

Avandia legal fundingCresskill, NJ: Attorneys representing plaintiffs suing GlaxoSmithKline (GSK) over the drug Avandia’s side effects have resolved their dispute about sharing fees of $142 million. Over 50,000 lawsuits were filed in US state and federal courts citing GlaxoSmithKline’s failure to inform type-2-diabetes patients about Avandia’s potentially life-threatening side effects: heart attack and failure, stroke, bone fractures, vision loss, and death. The litigation has taken over ten years, with the lead attorneys alone logging more than 60,000 hours. Yet none of the plaintiffs’ attorneys have received any compensation for their time or out-of-pocket expenses. RD Legal Funding is now making immediate post-settlement financing available to ease the Avandia plaintiff’s attorneys’ financial burdens.

The FDA approved the use of rosiglitazone—marketed as Avandia—for the treatment of type-2-diabetes in 1999. Tens of millions of prescriptions were written for the drug which may have caused between 60,000 and 200,000 heart attacks and deaths due to cardiovascular problems in the US alone.

  • 2001: GSK receives an FDA reprimand letter regarding false and misleading comments made by sales representatives about Avandia to an undercover investigator.
  • 2005: GSK’s draft analysis of Avandia clinical data indicates heart risks. The company modifies Avandia labels, but the warnings are not prominently displayed and do not adequately convey potential health hazards.
  • 2007:  The New England Journal of Medicine reports that Avandia users face a 43 percent higher risk of heart attack or other cardiovascular events and over 60% increase in the risk of cardiovascular death. Avandia profits in 2007 are $3.2 billion.
  • 2007: Congressional hearings review when information about Avandia heart attack risks was available and why it was not disclosed to the public earlier. The FDA mandates a black box warning about Avandia heart attack risks.
  • 2008: An FDA report implicates Avandia in an estimated 83,000 heart attacks.
  • September 2010: Avandia is banned in several European countries but remains on the US market.
  • 2010: GSK pays a $2.36 billion charge to settle 10,000 of 13,000 Avandia US civil lawsuits, investigations over its antidepressant Paxil, and manufacturing problems in its Puerto Rico plant.
  • November 2011: GSK agrees to pay the US government $3 billion to resolve civil and criminal investigations alleging that the company had paid doctors and manipulated medical research to promote Avandia. A mediator is appointed to resolve the bulk of the pending MDL cases.
  • January 2012: A committee of eight Avandia plaintiffs’ attorneys is charged with drafting the fee allocation plan for 58 lawyers and firms, with the total amount to be distributed set at 6.25 percent of the total settlement.
  • July 2012: GSK pleads guilty to withholding safety data on Avandia.
  • November 2012: GSK agrees to pay $90 million to settle the claims of 37 states and the District of Columbia.
  • November 2012: The committee submits its fee-sharing agreement which is disputed by nine attorneys. Bruce P. Merenstein is appointed as special master.
  • January 22, 2013: A modified plan, agreed to by the nine objectors, is filed in PA federal court.

Avandia plaintiffs’ attorneys are urged to contact RD Legal Funding, whose unique fee acceleration program will provide them with settlement financing within several days, with no monthly interest or principal payments, as well as no upfront points or fees. No payment of any kind is required until the attorney’s settlement fee is received. RD Legal Funding is one of the nation’s leading providers of post-settlement financing. For more information call 800-565-5177 or visit http://www.legalfunding.com.

SOURCES:

http://topics.nytimes.com/top/news/health/diseasesconditionsandhealthtopics/avandiadrug/index.html

http://www.drugwatch.com/avandia/lawsuit.php

http://www.bloomberg.com/news/2013-01-18/glaxo-accord-said-to-spur-lawyer-fight-over-fees.html