Defendants often appeal jury awards they believe are excessive. In those situations, you may still apply for litigation funding while the appeal is pending. Funding is less likely, however, if you are the one appealing after losing at trial. Appeals are typically based on claims of procedural error or misinterpretation of the law, and they can take considerable time and money. Because of the added uncertainty, funding companies may view these cases as higher risk.
Further, litigation funding, also known as pre-settlement funding, is non-recourse. If there is no settlement or award, you are not required to repay the advance. That being said, Mustang Funding approves applications on a case-by-case basis. Contact us if you have questions. Our team members are always within reach and ready to talk whenever your funding needs arise.
How Does Pre-Settlement Funding Work?
Your lawyer’s perspective plays an important role in the funding company’s evaluation of your application. If they believe the chances of recovery are low, approval is less likely. If they indicate that the case is strong and the potential recovery is substantial, the funding company may be more inclined to move forward.
However, an even more thorough evaluation may take place if the defendant is appealing. Much depends on your lawyer’s assessment of whether the appeal will likely be denied or the award upheld without substantial reduction. The lawyer’s views reflect their experience and the outcome of similar appeals in recent years.
While the approval standards can be more strict at the appellate stage, plaintiffs may still qualify if the underlying case is strong. Even if you are uncertain, submitting an application allows the funding team to thoroughly review your case and determine eligibility. As a leading lawsuit lender, Mustang Litigation Lending is committed to helping individuals, groups, and legal firms make safe and informed choices.
Why Pre-Settlement Funding Can Make a Difference on Appeal
Pre-settlement funding during the appellate stage can be especially valuable. Plaintiffs often wait years before receiving any settlement funds, and defendants have every incentive to prolong the process through appeals. The longer the delay, the more pressure plaintiffs may feel to accept a reduced settlement to cover living expenses. With pre-settlement funding, plaintiffs can relieve that financial strain and give their case the time it deserves.
If approved, the applicant can receive the money within 24 to 48 hours. In most states, there are no limitations on how recipients use pre-settlement funding. However, many pay for basic expenses like medical bills, housing, food, and car payments.
Contact Mustang Funding Today
If you would like more information about litigation funding and whether your case qualifies, contact Mustang Funding today. Based in Wayzata, Minnesota, we provide responsible and transparent pre-settlement funding services to litigants nationwide. Learn more from our ultimate guide to pre-settlement funding.
About Mustang Funding
Mustang Funding, founded in 2018 and based in Wayzata, MN, is a litigation finance company dedicated to empowering individuals and law firms nationwide with transparent and innovative financial solutions. With over $170 million funded, 10,000+ checks issued, and more than 3,000 cases financed, Mustang provides plaintiff pre-settlement funding, law firm financing, and commercial funding to meet diverse client needs. Their commitment to transparency, integrity, and expertise sets them apart, offering tailored financial support to plaintiffs, businesses, and legal professionals. By bridging capital gaps and fostering access to justice, Mustang Funding continues to lead the legal asset investment industry with a strategic, inclusive, and forward-thinking approach.
