Investing In Camp Lejeune Water Lawsuits Is Being Called A Slam Dunk

Litigation funding and financing for Camp Lejeune water contamination lawsuits could top $2 billion soon

Monday, September 18, 2023 - Litigation funding or financing for Camp Lejeune water lawsuits could top $2 billion soon as law firms look to finance the upfront costs and expenses. About 1000 lawsuits have been filed so far as many of the 75000 water contamination claims have gone unprocessed past the six-month expiration window allowing a lawsuit to be filed. Lawsuits are limited to the Eastern District of North Carolina where only four judges are responsible for handling the claims. Lawyers involved in litigation funding for Camp Lejeune water contamination claims are confident that their investment will be repaid and with interest. One financier told Bloomberg Law News (BLN), "Nothing in investing is a sure thing, but when you're looking for a sure thing, this is kind of the closest you can get to it," said Rebecca Berrebi, founder of Avenue 33, a New York-based litigation finance consultancy," referring to Camp Lejeune water lawsuits. "The Camp Lejeune case is poised to be among the biggest ever. The government has projected it might ultimately shell out $21 billion to compensate the veterans, workers, and their families sickened by contaminated water on the U.S. Marine Corps base in Jacksonville, N.C.," BLN reported.

Litigation funding, often referred to as third-party funding or legal financing, is a legal practice that involves an external entity, usually a specialized litigation funding firm, providing financial support to individuals or organizations in legal disputes. This support extends to covering the various expenses related to litigation, such as lawyer fees, court costs, and expert witness fees, in exchange for a portion of the eventual settlement or judgment. Litigation funding plays a pivotal role in enhancing access to justice by serving as a vital resource for those who lack the financial means to pursue legal actions independently. It effectively levels the playing field, empowering individuals and small businesses to pursue valid claims against well-resourced adversaries, such as corporations or deep-pocketed opponents. This practice has garnered global recognition, especially in intricate commercial cases, personal injury lawsuits, and class-action suits. However, it does raise some ethical and regulatory concerns, with critics arguing that it may encourage baseless litigation or create conflicts of interest. Nevertheless, when employed judiciously, litigation funding can serve as a valuable instrument for fostering fairness, accountability, and equitable access to the legal system, ensuring that justice remains within reach for all, regardless of their financial circumstances.

At the U.S. Marine Core Base Camp Lejeune in North Carolina, nearly one million U.S. Marines, civilian employees, and local residents were exposed to Camp Lejeune water over about four decades. Many have died or developed life-threatening cancer and other serious diseases. Two of Camp Lejeune's eight wells were poisoned between 1953 and 1987 with dangerous chemicals that are known to cause cancer and other serious ailments. Children at the local daycare and school, military families who used the water for drinking and bathing, hospital patients, and service members and civilian employees at their places of employment all may have consumed polluted drinking water from these wells. The contaminated water at Camp Lejeune has been connected to 15 various diseases and ailments, including many types of cancer, miscarriages, birth defect, and Parkinson's disease.

Information provided by CampLejeuneJusticeActClaim.com, a website devoted to providing news about Camp Lejeune Justice Act Claim, including a free no-cost, no-obligation Camp Lejeune Justice Act Claim.