Posts Tagged TVM settlement talks
Bloomberg is reporting that C.R. Bard, Endo Health Solutions, Boston Scientific, Cook, and Coloplast are in what Judge Goodwin described a “behind the scenes” settlement talks. Johnson and Johnson (J&J) is reportedly NOT participating.
Bard was held liable in two jury verdicts so far. In July 2012, Bard lost an Avaulta case in a California jury trial and was ordered to pay Christine Scott and her husband over $5 million. On August 15, 2013, the company was ordered to pay $2 million to Donna Cisson after a jury verdict. Shortly thereafter, it settled a case in West Virginia (Queen vs. Bard) and on September 13, 2013 reportedly settled Melanie Virgil’s case that was set for trial in New Jersey on September 26, 2013.
Bard’s implants have been targeted in more than 12,000 cases, while Boston Scientific said in an August regulatory filing; it faces more than 12,000 suits over its vaginal devices. Endo’s American Medical Systems Inc. unit faces about 13,500 vaginal-mesh claims between state and federal suits, and Coloplast and Cook face about 1,000 claims combined. J&J faced 12,250 pelvic mesh claims through June 30, according to a regulatory filing.
C.R. Bard took a $275.1 million litigation charge earlier in 2013 year related to the lawsuits, an action that led to a sizable net loss.
In February 2013, Linda Gross won $11.11 million in her lawsuit against Johnson & Johnson’s Ethicon brand over its Prolift vaginal mesh product. Gross had 18 surgeries. The New Jersey jury found that J&J failed to warn patients and doctors about the risks of its mesh products and made fraudulent misrepresentations. Based on the Bloomberg report, it is too early to know if the settlement talks will continue let alone lead to a resolution.
Click here to read the full article: Bard, Vaginal-Mesh Makers, Said to Be in Settlement Talks