$830 Million Program Launched for TVM Settlements
Legal-Bay LLC is a Lawsuit Settlement Funding Firm that was founded about 20 years ago. Its business is to provide cash advances and settlement payments and to help people involved in lawsuits maintain decent living conditions while waiting on their cases to be resolved. Now, the firm is tackling the ongoing transvaginal mesh (TVM) lawsuits. Legal-Bay announced through a press release on June 4th, 2014, that it was launching an $830 million program to pay out TVM settlements for Endo Health Systems, the parent company of the manufacturer American Medical Systems (AMS).
Approximately 20,000 women were affected by mesh protrusion, pelvic pain, abdominal pain, and mesh erosion because of product defects. Defective AMS products include MiniArc, In-Fast Ultra, BioArc, SPARC, Apogee, Perigee, Elevate, Monarc, and Straight-In meshes. Legal-Bay’s Head of Client Relations Patty Kirby commented that, “The average settlement value of the AMS mesh cases is only $40K; however women with serious injuries are receiving settlements north of $250K.”
Several plaintiffs are still in the process of receiving their notification letters on TVM settlements from AMS. Since a settlement has been reached, the window is slowly closing for affected women to join the litigation and pursue TVM settlements of their own in relation to AMS products. Therefore, it is important to contact the TVM Info Center today if you feel you have a claim against the manufacturer of your TVM device.
The Need for TVM Settlements
Several lawsuits filed against TVM manufacturers allege a number of negligence-related issues with the product. The two most frequent complaints are that manufacturers did not make the risks clear to doctors or patients and that the product was not properly designed or tested for use in the human body. Plaintiffs alleged that manufacturers were intentionally misleading the public, FDA, and medical community on the safety risks associated with the mesh implant. There are also claims that the methods of safe removal were both woefully inadequate and underdeveloped.
Some manufacturers continue to stand behind their products even though other manufacturers like AMS, C.R. Bard, Ethicon, and Coloplast have all agreed to TVM settlements. The actual number of settlements is unknown due to out-of-court settlements not available for public viewing. The FDA released a statement that it is unclear whether transvaginal mesh is any safer than other available treatment methods. They further stated that serious problems are “not rare” with transvaginal mesh products.
Seeking Compensation For Transvaginal Mesh Complications
The available time to pursue TVM settlements is limited. Women or their loved ones who have suffered complications from their transvaginal mesh implants should contact the TVM Info Center today for a free, no obligation consultation to discuss their legal rights. If you have a claim, we can connect you with an affiliated attorney who can fight for those rights.