As the Philips Respironics CPAP litigation gains momentum, contingency fee attorneys stand to earn significant settlements. Due to dangerous health risks, Philips Respironics recalled millions of its CPAP, BiPAP, and ventilator devices. The polyester-based polyurethane (PE-PUR) foam used in these machines can break down and release toxic particles into users’ airways, potentially causing cancer, respiratory issues, and other life-threatening conditions. With thousands of lawsuits filed, large settlements are expected to follow.
However, when the settlement checks roll in, how you manage your earnings matters as much as the size of the payout. Structures’ Fee Structure Plus (FSP) program offers a smart way for attorneys to defer taxes, maximize earnings, and secure long-term financial stability.
The Opportunity for Attorneys in Philips Respironics CPAP Litigation
Philips Respironics faces a massive legal battle. In 2021, the company recalled over 10 million CPAP, BiPAP, and ventilator devices. Lawsuits claim that Philips Respironics failed to act quickly despite knowing about the risks. Plaintiffs allege the foam’s breakdown led to severe health issues, including lung cancer, kidney disease, and respiratory damage. Given the large number of cases and the severity of the claims, settlement amounts are expected to be substantial.
For attorneys involved in these cases, this mass tort litigation offers an opportunity to secure high-value settlements. But a significant payout can also come with significant tax liability. That’s where Fee Structure Plus comes in.
Why Use Fee Structure Plus for CPAP Litigation Settlements?
Fee Structure Plus (FSP) allows attorneys to defer their fees from CPAP settlements and spread the tax burden over time. Instead of receiving one large lump sum and facing hefty taxes, attorneys can structure their fees over several years, allowing them to pay taxes only when the payments are received. Depending on the size of their Philips Respironics settlements, this strategy can save attorneys thousands, or even millions, in taxes.
FSP also offers flexibility. Attorneys can choose customized payment schedules that fit their lifestyle and financial goals. Whether you want to secure retirement income, pay for your children’s education, or invest in long-term assets, FSP can be tailored to meet your needs.
How Fee Structure Plus Helps Attorneys Win Long-Term
By utilizing Fee Structure Plus, Philips Respironics CPAP litigation attorneys can focus on the future. Structuring your fees can protect your income, reduce your tax burden, and provide financial security long after the litigation ends. Structures.com offers industry-leading expertise in structured settlements, ensuring you get the most out of your hard-earned fees.
For contingency fee attorneys working on CPAP cases, it’s time to start thinking about how to manage the financial windfall. Structures.com and its Fee Structure Plus program are here to help you maximize your Philips Respironics settlement earnings and create lasting financial stability.
Don’t let tax liabilities eat into your CPAP litigation success. Contact Structures.com today to learn how Fee Structure Plus can help you manage your earnings for long-term growth and security.