Verdicts & Settlements.
Many of the drug and device manufacturers have entered into settlements with plaintiffs with transvaginal mesh claims. These include Johnson & Johnson, Bard, American Medical Systems (AMS), Boston Scientific and Coloplast. Most defendants decided to settle before trials after several adverse jury verdicts against the manufacturers. U.S. District Court Judge Joseph Goodwin warned device makers to cut their losses and settle more cases. J&J manufactured Ethicon which faced the largest number of lawsuits. J&J began settling claims in January 2015. J&J suffered a $3.27 million dollar verdict in September 2014. see our blog, “Transvaginal Mesh Pre-Settlement Loans,” 12/29/15.
American Medical Systems Inc. (AMS) reached a $54.4 million settlement with transvaginal mesh claims just weeks before the California jury verdict in the Scott case. The settlement agreement involved lawsuits filed in both state and federal courts and was reached in June 2013, just a month after AMS estimated its liability at $159.8 million. AMS was among several companies the FDA ordered to conduct post-market studies of surgical mesh in 2012. Since 2008, thousands of mesh cases were filed alleging that AMS products, which were implanted to treat stress urinary incontinence and pelvic organ prolapse, led to complications such as fistulas.
Bard has begun to settled more transvaginal mesh claims after a California Jury returned a $5.5 million verdict for Christine Scott, including $5 million for the plaintiff’s medical expenses, pain and suffering and other damages, and $500,000 for her husband’s loss of consortium claim. Bard was held responsible for paying $3.6 million of the verdict. Bard also lost this appeal.
In May 2014, AMS reached another asettlement with multiple plaintiffs’ law firms to settle approximately 20,000 mesh claims for up to $830 million. The total amount paid will ultimately depend on the number of participating claims. If less than all of the claimants participate, the total settlement amount will be reduced by a certain amount for each non-participating claim agreed to by the parties.
The settlement is also subject to participation thresholds for each firm. To be eligible for an award, the majority of claimants represented by a particular firm must participate in the settlement. If the majority of claimants represented by a particular firm decline to participate, AMS reserves the right to terminate the settlement agreement with that firm. In addition to the participation thresholds, the settlement is also subject to court approval.
Pre-Settlement Money Available
Lance Lawsuit Funding provides pre-settlement loans to plaintiffs with settled transvaginal mesh cases. Since we are direct lawsuit money funders, not a broker, we can make immediate loan approvals and get the money into your checking account the same day.
Your credit history or employment history is not a factor. So long as you are working with a lawyer and gave a settled transvaginal mesh claim we will fund you.
For more information contact us (201) 425-0743.
Transvaginal Mesh Claim Loans
Lance Lawsuit Funding provides non-recourse loans to people who are working with lawyers and have a pending transvaginal mesh claim. We know that life goes on while you are waiting for the court to resolve your claim. It may take months or years before you get the settlement money. We will provide you with a pre-settlement loan today so that you may pay bills. Here is how it works. Simply call Lance Lawsuit Funding with the amount you are requesting and the name of your lawyer. We will contact your lawyer to confirm a few details of your claim. Then, usually within 48 hours the money is wired into your designated checking account.
Call Lance Lawsuit Funding to get a pre-settlement loan now. (201) 425-0743