What is wrongful termination?
The at-will employment law gives employers the right to hire and remove any employee at any time. However, they are strictly prohibited from sacking an employee for an illegal reason.
Employees whose employment contracts were illegally and wrongly terminated are backed by the Equal Employment Opportunity Commission (EEOC) to seek legal redress and claim financial compensation through wrongful termination lawsuits.
Common examples of wrongful termination lawsuits including but are not limited to:
- Racial discrimination
- Age discrimination
- Gender and sex discrimination
- Sexual harassment
- Overtime pay disputes
- Breach of employment contract
- Disability discrimination
- Wage and hour disputes
How much is a wrongful termination lawsuit worth?
The value of wrongful termination settlement depends on the nature of the claims. Plaintiffs may be eligible for:
- Loss of employee benefits
- Punitive damages
- Loss of insurance coverage
- Emotional distress
- Attorney fees, and
- Other legal costs.
As you already know, litigations, including wrongful termination lawsuits, can put one under financial pressure. At such a difficult time, you can always apply for wrongful termination lawsuit loans.
How do wrongful termination lawsuit loans work?
Wrongful termination lawsuit loans do not require you to pledge anything as collateral. Instead of evaluating your loan application based on your collateral as well-known financial institutions do, our underwriters will take a close look at your case merits with your attorney and the odds of it winning a settlement.
Applying for an employment lawsuit loan is fairly simple. All you have to do is apply for the loan and provide the details of your case, injuries or damages sustained, and most importantly, the contact information of your attorney. Without an attorney’s representation, your case will not be looked at. Based on your current settlement value, underwriting will determine whether you are approved for wrongful termination lawsuit funding.
Once you are approved, then we will provide you and your lawyer with the contract. It would be best if you clarified that the principal, or amount borrowed, is what you are looking for in order to meet your essential needs.
Lawsuit funding has no risk.
Legal advances from your wrongful termination lawsuit are non-recourse, meaning that in the case you lose your claim or don’t get paid, you won’t be obligated to repay the funds you borrowed.
It’s important to note that lawsuit funding is not entirely without risk for the pre-settlement funding company when investing in high risks cases such as wrongful termination claims. Although you will not have to pay anything if you don’t win your case, we will lose our investment in the event that your employment case doesn’t reach a successful settlement and the payment defaults.
How can Baker Street Funding help my wrongful termination claim?
If you have been wrongfully terminated by an employee and have active litigation against them, you may qualify for pre-settlement funding for your employment case. Baker Street Funding could help you get the money you need from your pending lawsuit in less than 24 hours. We provide lawsuit loans with lower rates than other legal funding companies without any hidden fees or markups. Our contracts are crystal clear, for you and your employment attorney to understand, sign, and for you to get paid in as little as 60 minutes from when you receive your lawsuit funding contract. Learn more by applying for a wrongful termination lawsuit loan today, or call us at 888-711-3599 to get started.
Contact our legal funding team today.
Baker Street Funding serves and secures cash to employees who have been wronged by employers and have active lawsuits with retained attorneys all across the United States. We have helped thousands of victims just like you and it is important to know that you are not alone. Apply for a wrongful termination cash advance today. Our lines are also open to all employees victims of employment injustices, and we are here for you around the clock for free consultations and case evaluations.