PHILADELPHIA, Jan. 21, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that in light of the recent $1.3 billion settlement by Endo International Plc, owner of American Medical Systems (AMS), the case funding firm believes more mesh manufacturers will begin resolving their own suits in early 2015. Endo has agreed to pay nearly $1.3 billion in order to resolve product liability transvaginal mesh lawsuits over their implants. The devices were designed to support pelvic muscles and treat incontinence; however, the lawsuits claim that the line of vaginal mesh implants caused injury through erosion in the vagina for some women, leaving them in pain with potential exposure to serious infection resulting in required revision surgery. With this high settlement, Legal-Bay expects more mesh manufacturers will begin to resolve their own pending claims.
The settlement was announced after the U.S. FDA stated that the vaginal mesh inserts needed stricter safety requirements, as they are high-risk devices. In June of 2013, Endo had paid $54.5 million to resolve an undisclosed number of lawsuits regarding their devices. Now, according to Endo, they have settled nearly all of the remaining suits over their Perigee, Apogee, and Elevate mesh implants. The current deal settles more than 10K lawsuits, and before this, they agreed to pay approximately $830 million to settle an additional 20K suits. Both deals have average settlement amounts in the $40K to $50K range; however, Legal-Bay's sources close to the litigation believe many cases with serious complications and revision surgeries could result in settlement values up to $400K.
Patty Kirby, COO and Head of Client Relations, commented on the ongoing transvaginal mesh litigation, "Although the mesh lawsuits continue to drag on now into 2015, we firmly believe this year will signal the beginning of the end for this litigation. We are expecting at least two other major settlement announcements within the first or second quarter of this year. However, due to the complexity of each individual case, it still seems that a bulk of the plaintiffs will not actually see settlement checks until well into 2016."
Over 9,000 transvaginal mesh lawsuits are currently pending in New Jersey Superior Court against implants manufactured by C.R. Bard Inc. and Ethicon (a Johnson & Johnson subsidiary). Based on sources close to the litigation, Legal-Bay believes C.R. Bard and Boston Scientific will be the next manufacturers to settle, whereas Johnson & Johnson's Ethicon litigation continues to be fought vigorously.
Legal-Bay 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 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 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.
SOURCE Legal-Bay LLC