Pharma Investments, Ventures & Law Weekly
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Entrepreneur Growth Capital
Vioxx Legal Fee Financing Program Announced by Entrepreneur Growth Capital
November 9th, 2008
The Attorney Funding Division of Entrepreneur Growth Capital ("EGC") announced a new financing option for the hundreds of plaintiff's attorneys awaiting payment of their Vioxx legal fees. EGC's new service accelerates receipt of the attorneys' Vioxx payment by buying their legal fees at discounts as low as 1.5 percent. With banks raising their lending requirements, lawyers are finding that EGC's legal fee acceleration program provides needed relief in the present credit crisis. "Merck had announced on July 17th of this year that payments of Vioxx claims were commencing 'before the end of August,' however, very few payments have been made," said Mark Pruner, vice...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-09)
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