DRB Financial Solutions, LLC and its wholly-owned subsidiary USClaims are pleased to announce that they have closed on a multi-year $50M credit facility for their litigation finance and tort victims assistance programs.
Darryl Levine, President of USClaims said, “This is a great achievement and shows that the capital markets are supportive of our business. With this facility we can continue to expand our origination volumes and thereby help more people get through the often tedious process of litigation particularly when the victim is recovering from a serious injury.”
About DRB Financial Solutions, LLC: DRB Financial is a leading purchaser of structured settlement and annuity payments and other types of receivables through its DRB Capital (www.drbcapital.com) and USClaims brands. DRB offers liquidity and optionality to individuals in need of cash who have guaranteed or life contingent structured settlements, annuities or pending personal injury claims.
About USClaims: USClaims provides non-recourse financial support to personal injury victims some of whom may have suffered catastrophic injuries from defective products, unsafe premises, motor vehicle accidents, and other types of accidents. USClaims supports injured plaintiffs and their attorneys by purchasing a portion of the anticipated recovery thereby providing the injured plaintiff the means to pay bills and endure the often long and arduous litigation process. USClaims is a longtime member of the industry trade group, the American Legal Finance Association (ALFA), and Mr. Levine is a member of its executive committee.