C.R. Bard Poised to Settle 3,000 More Transvaginal Mesh Lawsuits
C.R. Bard, Inc. may be preparing to settle as many as 3,000 transvaginal mesh lawsuits for a total of $200 million. According to a report from Bloomberg News, people familiar with the accord have said it would provide an average award of $67,000 per case.
The vaginal mesh settlement program described in the Bloomberg article would resolve about a fifth of the remaining lawsuits pending against C.R. Bard. In a July 24th filing with the U.S. Securities and Exchange Commission (SEC), the company disclosed that it had added $337 million to its $660 million product liability reserve, and acknowledged that it had resolved 2,800 cases over “Women’s Health Products,” Bloomberg said. C.R. Bard is also said to be in discussions with transvaginal mesh lawyers to resolve other cases.
C.R. Bard Urged to Settle
“The Bard folks finally decided to listen to Judge Goodwin and settle before they get hit with a bunch of multimillion-dollar verdicts that could bankrupt the company,” Carl Tobias, a professor of product-liability law at the University of Richmond in Virginia, told Bloomberg.
U.S. District Judge Joseph Goodwin of the Southern District of West Virginia has been overseeing tens of thousands of vaginal mesh lawsuits filed against C.R. Bard and other device manufacturers. Last year, he urged the company to settle claims rather than risk billions in jury awards.
C.R. Bard currently faces more than 12,000 lawsuits that have been filed in West Virginia by women who allegedly suffered organ damage and other complications related pelvic mesh used to treat prolapse and incontinence. The proceeding’s first bellwether trial involving a C.R. Bard Avaulta mesh product concluded in August 2013, with a jury awarding the plaintiff $2 million in compensatory and punitive damages. (Case No. 11-cv-00195) A week later, an undisclosed settlement was reached in what would have been the proceeding’s second bellwether trial.
Victims of Vaginal Mesh Still Have Time to File
Despite this settlement, the litigation over transvaginal mesh products is far from over. More than 80,000 claims are currently pending against C.R. Bard, Ethicon, Inc., American Medical Systems, Boston Scientific and others. Thousands of additional claims have been filed in state courts around the U.S. If you were the victim of serious vaginal mesh complications, and have yet to file a claim, please call 888-993-3877 for free review of your case.