Pre Settlement funding for amusement ride injuries is extremely important. In this case a family of four has to deal with the agony of a trial while waiting to be compensated. The operator of an amusement park ride in North Carolina is being sued by an injured family in federal court. The family of 4 is accusing the operator of moving the car they were occupying in an effort to hurry the riders along so the next riders could get on. The operator is denying these allegations and he is saying that he did not tamper with the controls in order to override the safety device which prevents the cars from moving after the ride has come to a complete stop.
The lawsuit against the operator of the ride, the rides owners, and the company which brought the ride to the amusement park was filed in April for $150 million. The lawsuit filed states that the family has been enduring the pain and permanent damage caused by the accident for 8 months with no compensation.
The Department of Labor in North Carolina has fined the owner of the ride, as well as the company that brought the ride to the park a total of $100,000. With that being said the point of the lawsuit and the central concern of the family is the question of did the operator tamper with the electric circuitry or not.
Rides, such as the one in question, have a safety device which does not allow power from getting to the ride once it comes to a halt. This is so the passengers can get on and off without the ride moving resulting in them being harmed by sudden movements.
After investigating the ride the Department of Labor said that the owner of the ride ignored the safety device before the ride started operations by modifying the electrical circuitry.
These types of lawsuits fall under premises liability and they can cause the plaintiff to not be compensated at an appropriate time. This is due to multiple parties being involved each of them trying to prove their innocence. In order to do so the defendants must find information that someone else was at fault besides themselves through deposition testimony. Meanwhile the plaintiffs will be consulting with experts to prove negligence on the defendants.
In the midst of the trial the victims are still having to deal with their injuries and the effects they have on their daily lives. Sometimes the victims have to take a leave of absence from their job which will leave them in a financial struggle. When people are stressed about money they will be willing to take any form of compensation even if it is not nearly the amount they should be getting just to make sure they do not lose their cars or their homes. Also these cash advances are only paid back when the case is successfully resolved.
Pre settlement funding for amusement ride injuries can support the victim with their financial struggles. These loans are normally dependent on a personal injury attorney being retained on a contingency fee arrangement.
Pre settlement funding for amusement ride injuries will only be paid back if and when the claim has been settled in favor of the plaintiff. The lender of the loan is very careful to assess the risk of the lawsuit being successful. After such assessment these loans become virtually zero risk as far as the plaintiff is concerned because if the claim is lost they have nothing to pay for.