Granuflo Lawsuit Settlement is a non-profit organization that offers medical health insurance for lawsuits that have been brought against medical providers. The organization settled suits with hospitals, nursing homes, and drug companies, paying out over one billion dollars in claims. This is money that would have otherwise been paid out to attorneys and their clients. In addition to paying out settlements, the lawsuit funding company pays a dividend to its shareholders.
Granuflo Lawsuit Settlement
Gnutuflo was devised in 1986 in an effort to provide patients with a compensation plan for individuals who had been injured due to negligence on the part of medical personnel. Specifically, it is geared towards individuals who have been injured as a result of being unable to receive necessary dialysis treatments while in a hospital.
Individuals with renal difficulties are often treated with hemodialysis, which is done three times a day, in this case, patients must first go to a dialysis centre where their blood is tested and then sent to a facility where they receive their dialysis treatments. In the event that the treatment at the dialysis centre fails, patients may wish to discuss alternative treatments at a medical centre.
The company was founded by Dr. G.S. Olofsson, who obtained a patent for the production of multidistrict litigation financing.
A heated debate followed, as some felt that the product was frivolous whereas others saw it as a legitimate method of healthcare. Ultimately, the multidistrict litigation financing company was established as a means to resolve disputes between litigants. Although the methods employed were controversial, they proved to be very effective and the lawsuit payout’s size has since grown significantly.
In the early days of the company, there were two recalls: one involved an incorrect dosage being administered to one of the patients and another incident where a patient died due to having an incorrect dosage.
To date, no additional suits have resulted from either incident. The company’s other recalled product contained a substance called sodium azide which is a substance that is considered cancer-causing.
The Granu Flo lawsuit loan product was sold globally, with most of its sales coming from the United Kingdom.
There have also been reports of abuse being caused towards the children of the corporation. This has led to numerous class action lawsuits being filed around the world in an effort to provide reparations to these individuals. Many plaintiffs receive substantial compensation, but there are also cases where no settlement is received.
Some of the causes of death attributed to the defendant products include drowning, heart attacks, and renal failures.
In addition, some children have been reported to have been seriously injured in the tub, or while climbing into the tub. Other incidents have included burns, cuts, and permanent nerve damage. For these reasons, it is imperative for any individual who has suffered an injury or death as a result of negligence on the part of the Grand Flo Company, to contact a personal injury lawyer as soon as possible. As more information becomes available, we will continue to update this article.