PHILADELPHIA, May 5, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that Boston Scientific Corporation has reached its first settlement agreement, agreeing to pay approximately $119 million to resolve claims over its transvaginal mesh product. According to an article in Reuters, Boston Scientific Corp. said it expects to pay approximately $119MM to resolve about 2,970 cases against them. According to Reuters, Boston Scientific Corp. faces more than 25K mesh claims in U.S. federal and state courts. According to the article, Boston Scientific said settlement funds will be put into an escrow account by October 1st, and the company will also establish a process for plaintiffs to partake in the settlement. Despite the settlement, Boston Scientific Corporation contests liability or wrongdoing.
In addition to the cases involved in this settlement offering, there are still thousands of claims against Boston Scientific which have been consolidated into multidistrict litigation (MDL) under U.S. District Judge Joseph Goodwin in the Southern District of West Virginia (Boston Scientific MDL 2326).
Chris Janish, CEO of Legal-Bay, commented on the recent settlement, "We are excited to see that Boston Scientific is beginning to settle some of their mesh claims, and women can now get the financial relief they deserve. However, thousands of claims still remain pending, and most women will not see funds until next year. Women in need of a transvaginal mesh lawsuit cash advance can access funds right now, regardless if their case is settled or not."
Legal-Bay, a law cash advance company, is ready to help women plaintiffs with various lawsuit funding services if they have a lawyer already. This includes providing up to a $50K cash advance today on pre-settled cases and up to $250K on settled cases or cases that have won large mesh jury verdicts and now are a verdict on appeal or judgment on appeal case. Verdict on appeal cases take time to resolve through the courts and Legal-Bay's verdict on appeal programs are prudent for plaintiffs to take advantage of in case of a reversal of fortune. For more information or to apply for pre-settlement funding, settlement funding, or judgment or verdict on appeal funding programs 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 urging women who have had a transvaginal mesh or bladder sling device implanted in the last five years and are having complications, to immediately call for assistance on obtaining a free legal consultation from a qualified transvaginal mesh law firm or mesh lawyer to ascertain if you have a potential lawsuit to file. Recent juries have awarded women $6MM for transvaginal mesh injuries; however, the time to file a transvaginal mesh lawsuit is winding down.
If you, or a loved one, are in need of lawsuit pre-settlement or settlement funding, or you would like to speak with a transvaginal mesh lawyer or mesh law firm, feel free to contact Legal-Bay on their 24-hour toll-free hotline at: 877.571.0405.
You may also fill out an online application to receive a free 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