Hedge Funds Joining in On Personal Injury Lawsuits

CANTON, Texas. If you’ve been injured in a truck accident, your injuries might be quite serious. Truck companies are required to hold high insurance policies to protect victims and truck drivers should an accident occur. In some cases, these policies can be as high as $1 million. According to the Insurance Institute for Highway Safety, 3,986 people died in truck accidents in 2016 alone. These figures don’t begin to account for the number of people injured in large truck crashes. Because of the large size of these vehicles, truck accidents can be more serious. Trucks can take 20 to 40 percent more distance to stop and can carry as much as 30 times more weight than a passenger vehicle. Given how costly truck accidents can be, victims and families are wise to seek the representation of a truck accident lawyer in Canton, Texas, like the Cooper Law Firm. Our firm can review the factors leading up to your accident, estimate the damages you’ve suffered, and help you fight to get the maximum compensation permitted under the law.

But will the finance industry someday become involved in personal injury claims? Personal injury claims can often be high-value and they have begun to spark the interest of hedge funds. The New York Times reports that some hedge funds are looking to get involved in larger lawsuits involving medical device manufacturers and drug companies. How do hedge funds get involved? When personal injury law firms decide to take on mass tort claims involving big companies, the cost of defending a class-action group or even a single client in a big case can be costly. Fighting a large company that may be armed with its own team of lawyers can be expensive and complicated. Law firms may not always have the money up front to pay for the lawyers and paralegals who will need to put in thousands of hours of work into the case. This is where a hedge fund might come in and lend the law firm money. The investment can be risky, because if the lawyers don’t win the case, the financial product fails, but in cases where the law firm wins, the hedge funds can also win big.

So, will a hedge fund possibly fund your truck accident lawsuit? Not likely. While truck accident claims can sometimes go into the millions, these claims are still not as high as major class action lawsuit claims against drug companies and medical products makers. Financing this kind of litigation is a $10 billion industry according to the Times.

If you’ve been in a truck accident, the key is finding a qualified lawyer who can estimate the value of your damages and who understands how the insurance process and legal process works. In many cases, a qualified lawyer can help you seek damages for your accident without having to take a lawsuit to court. However, a qualified truck accident lawyer like the Cooper Law Firm in Canton, Texas will know when to settle and when to litigate.

Cooper Law Firm

501 N Third St,

Longview, TX 75601

Telephone: (903) 297-0037