ATLANTA, March 24, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that Johnson & Johnson's Ethicon subsidiary reached a settlement in a bellwether trial over their transvaginal mesh devices. The settlement came just one day after a $5.7 million verdict was reached against J&J's Ethicon by a California jury over their Gynecare TVT Abbrevo vaginal mesh device. Details of the latest settlement have not been disclosed. The settlement was for a lawsuit that was selected for a bellwether trial as part of a federal mass tort against Johnson & Johnson's Ethicon. While the settlement details have not been disclosed, this settlement came just one day after a huge loss for Ethicon in the $5.7 million verdict reached against them for a woman plaintiff in California.
There are currently over 70,000 cases relating to transvaginal mesh devices; J&J's in-company filings have disclosed that they are the subject of over 30K claims themselves. Due to the high volume of cases, seven different multidistrict litigations (MDL) for filed cases against several mesh manufacturers are under U.S. District Judge Joseph Goodwin. Ethicon is just one of the mesh manufacturers involved.
Chris Janish, CEO of Legal-Bay, commented on the recent settlement, "As we have reported, Johnson & Johnson has been taking the worst of the bellwether mesh trials, losing 3 out 4 large verdicts. Although the terms of the recent settlement were not released, it signals a great sign for the plaintiffs – that J&J is now starting to believe that some cases are better to be settled at realistic settlement values than by proceeding to trial. This could signal talks of a global settlement on a large number of claims in the near future."
Legal-Bay believes even if a settlement were announced shortly, that most plaintiffs would not see their funds until late 2015 or 2016. Legal-Bay, a law cash advance company, stands ready to assist women victims with various lawsuit funding services if they have a lawyer already, including obtaining up to a $30K cash advance today, or with assistance in finding a qualified transvaginal mesh law firm or mesh lawyer if they have not yet filed a claim. To learn more about obtaining settlement funding on your transvaginal mesh case or pre-settlement funding on a pending TVM lawsuit, visit: http://lawsuitssettlementfunding.com/mesh-cases.php
Legal-Bay's funding programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a settlement loan, settlement loans, lawsuit loan, lawsuit loans, pre-settlement loans, or a pre-settlement loan.
Legal-Bay is advising women who have had transvaginal mesh or bladder sling issues and/or required a revision surgery to seek immediate legal counsel to determine if they may have a similar transvaginal mesh claim against any mesh manufacturer. The time to take action is now. To obtain lawsuit funding you must have a lawyer retained. If you need assistance with finding a nationally recognized transvaginal mesh law firm or mesh lawyer, feel free to contact Legal-Bay immediately as time to file a claim could be running out as each settlement is announced. Legal-Bay's representatives can put you in touch with a mesh attorney who will provide you with a free legal consultation and you will never pay a fee unless your case is successful. Contact Legal-Bay at: http://lawsuitssettlementfunding.com/contact-us.php
If you, or a loved one, are in need of lawsuit pre-settlement funding or settlement funding due to a transvaginal mesh complication and/or would like to speak with a transvaginal mesh lawyer or mesh law firm, feel free to contact Legal-Bay right now on the company's 24-hour hotline at: 877.571.0405 where live agents are available to assist you and answer any questions you may have. You may also fill out an online application to receive a free case evaluation on your case at: http://lawsuitssettlementfunding.com
Legal-Bay LLC (and their related companies) is not a law firm and cannot provide legal advice on a consumer's case; however, Legal-Bay works with lawyers involved in mass tort litigations who can provide a free legal consultation at the consumer's direction.
Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email: firstname.lastname@example.org
SOURCE Legal-Bay LLC