BOSTON, Feb. 22, 2016 /PRNewswire/ -- MT Services LLC, a Lawsuit Settlement News Reporting Company which operates lawsuitsettlementnews.com, announced today that Fresenius Medical Care has reached a $250 million agreement in principle to settle claims over their GranuFlo and NaturaLyte dialysis drugs. Sources indicate that the settlement amount will be $250 million as long as 97% of plaintiffs agree to the terms of the deal by July of 2016. If so, the funding will be provided the following month (in August of 2016).
The Fresenius website released an article stating that "Insurers will fund the settlement amount with $220 million," and therefore, "the company expects a pre-tax charge of $60 million from the settlement and other costs to finalize this matter."
The GranuFlo and NaturaLyte lawsuits have been consolidated into multidistrict litigation (MDL) U.S. District Judge Douglas P. Woodlock in the District of Massachusetts (In re: Fresenius GranuFlo/NaturaLyte Dialysate Litigation, MDL No. 2428).
GranuFlo and NaturaLyte are dialysates used in thousands of dialysis centers to treat patients with kidney disease or failure; however, the lawsuits against Fresenius Medical Care include patients who have suffered injury or even death as a result of using GranuFlo and/or NaturaLyte products during hemodialysis.
Potential injuries and complications from GranuFlo and NaturaLyte products include:
- heart attack
- cardiopulmonary arrest
Chris Janish, CEO of MTS, commented on the recent settlement, "We are pleased to see that Fresenius Medical Care has agreed to a substantial settlement amount, and we encourage anyone with a potential GranuFlo claim to contact a lawyer immediately. If you need assistance with finding a GranuFlo law firm or lawyer, don't hesitate to contact us."
MTS is ready to assist those who need lawsuit help with finding a qualified GranuFlo law firm or GranuFlo lawyer to provide a free evaluation on their specific case to see if there is eligibility for a potential large lawsuit award.
To learn more about MTS' services involving the GranuFlo litigation or other bad drug litigations, including Actos, Pradaxa, Xarelto, and others not listed here, please visit the bad drug case link on the website. For specific information on GranuFlo news, please visit: http://www.lawsuitsettlementnews.com/granuflo-and-naturalyte-dialysis-products
If you already have an attorney and have filed a GranuFlo lawsuit and need a law cash advance, not to be confused with a lawsuit loan or pre-settlement loan, Lawsuit Settlement News can assist you with these services. Injured parties from GranuFlo complications can apply for up to $30K in pre-settlement or settlement lawsuit funding. For a full list of the services that the company provides for patients suffering complications from bad drugs or defective products, visit: http://www.lawsuitsettlementnews.com/about-our-products-and-services
If you, or a loved one, have dealt with complications or injuries from GranuFlo and/or NaturaLyte products and need lawsuit money or lawsuit help, including finding a GranuFlo lawyer or GranuFlo law firm, call 877.571.0405 to speak with an available agent.
You may also fill out a quick application online at: www.lawsuitsettlementnews.com and an agent will contact you shortly.
Disclaimer: MT Services LLC, operator of Lawsuitsettlementnews.com, is not a law firm and cannot provide legal advice on your case; however, MTS works with lawyers involved in mass tort litigations who are willing to provide a free legal consultation at the consumer's request. For a list of full disclosures, please visit the company's website disclosure page at: http://www.lawsuitsettlementnews.com/terms-of-service
Contact: Chris Janish, CEO
SOURCE MT Services LLC