Premier lawsuit funder says bankruptcy shield removal is a positive advancement for plaintiffs dealing with defective medical implants.
CALDWELL, N.J., June 27, 2025 /PRNewswire/ -- Legal-Bay, the preeminent lawsuit settlement funding firm, today issued a statement in response to the latest developments in Exactech's ongoing bankruptcy proceedings. Exactech, the Florida-based medical implant manufacturer, has confirmed that it will no longer seek to shield its private equity owner, TPG Capital, from liability tied to the company's defective knee, hip, and shoulder implants.
The earlier bankruptcy plan would have blocked lawsuits against TPG in exchange for a $10 million contribution. With that strategy now abandoned, Exactech is reportedly working out a new plan that would allow plaintiffs to pursue legal claims directly against TPG.
Exactech filed for bankruptcy in October 2024 after facing approximately 2,600 lawsuits stemming from a 2021 recall of its orthopedic implants. The recall was triggered by packaging defects that allegedly caused oxidation, compromising the safety and longevity of the devices and forcing many patients to undergo painful and costly surgeries to repair the damage.
Chris Janish, CEO of Legal Bay, says, "We've been watching this litigation play out for a long time, and this is finally a significant development for plaintiffs. With the proposed liability shield for TPG off the table, victims now have a clearer path toward justice. Our mission is to support them through the legal process by providing the funds they need to stay afloat."
If you're a plaintiff in an existing lawsuit and need an immediate cash advance against your anticipated settlement award, contact Legal Bay HERE or call: 877.571.0405.
Legal-Bay continues to closely monitor the bankruptcy proceedings, and encourages individuals impacted by Exactech implants to explore their legal and financial options. The lawsuit funding firm offers pre-settlement funding to plaintiffs with pending product liability claims, allowing them to access cash now before their cases settle. Legal-Bay funds all types of loan on lawsuit programs including personal injury, slips and falls, motor vehicle accidents, worker's compensation, unlawful termination, and more.
Legal-Bay is one of the best lawsuit funding companies when it comes to providing immediate money in advance of a plaintiff's anticipated monetary award. The non-recourse legal funding—sometimes referred to as loans on lawsuit or loans on lawsuits—are risk-free, as the money doesn't need to be repaid should the recipient lose their case. Therefore, the lawsuit funding isn't really a loan, but rather a cash advance.
To apply right now, please visit the company's website HERE or call toll-free at: 877.571.0405 where agents are standing by.
Contact: Chris Janish, CEO
Email: info@Legal-Bay.com
Ph.: 877.571.0405
Website: www.Legal-Bay.com
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SOURCE Legal-Bay, LLC
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