The Vaginal Mesh Helpline keeps our mesh women updated on all the new legal news regarding the vaginal mesh. American Medical has agreed on a settlement payout
Transvaginal Mesh Settlement News: Endo Agrees to Resolve “Virtually All” Remaining Pelvic Mesh Claims, Sets Aside Additional $775 Million
Endo International PLC has announced new agreements to settle “virtually all known” U.S. transvaginal mesh lawsuits involving devices manufactured by its American Medical Systems unit.
In a statement issued yesterday, the company disclosed that it would reserve another $775 million to resolve the remaining U.S. claims. With the additional reserves, Endo will have now set aside more than $2.6 billion to cover costs associated with transvaginal mesh settlements.
“While it remains possible that additional claims will be filed, we believe today’s announcement will assist most mesh claimants to move forward with their lives and will permit Endo to move forward with an even greater focus on executing against our core strategic priorities,” said Paul Campanelli, Endo’s President and Chief Executive Officer.
Under the new agreements, Endo will begin making installment payments in the fourth quarter of 2017. The installments will continue through the fourth quarter of 2019.
Roughly 22,000 transvaginal mesh lawsuits remain pending in the American Medical Systems litigation, all of which were filed on behalf of women who allegedly suffered serious complications after the devices eroded into their vaginal wall. The majority of claims are pending in a federal multidistrict litigation now underway in the U.S. District Court, Southern District of West Virginia.
to market without first undergoing human clinical trial.
We Wait To Here From The Other Vaginal Mesh Manufacturers
American Medical Systems mesh lawsuits will soon be seeing payouts. However, the lawsuits against vaginal mesh is not over. We are waiting to hear about Johnson & Johnson and its Ethicon, Inc. subsidiary, Boston Scientific Corp., C.R. Bard, Inc., Coloplast Corp., Cook Medical, Inc. and Neomedic.
Contact us for a vaginal mesh lawyer today