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Covidien Takes $180M Charge in Vaginal Mesh Litigation

Covidien Takes $180M Charge in Vaginal Mesh Litigation

July 11, 2014 — Covidien says it will pay $180 million in legal charges related to approximately 6,000 vaginal mesh lawsuits, as reported in a mandatory filing with the Securities and Exchange Commission (SEC).

Covidien is embroiled in a litigation that involves about 60,000 lawsuits against seven major manufacturers. Lawsuits have been filed in federal court in West Virginia, several state courts, and outside the United States.

Covidien is involved because they supplied vaginal mesh products to one of these manufacturers. MassDevice reports that Covidien supplied products to C.R. Bard, manufacturer of the Avaulta mesh.

According to Covidien:

“Generally, complaints allege design and manufacturing claims, failure to warn, breach of warranty, fraud, violations of state consumer protection laws and loss of consortium claims.”

Covidien says they took the charges after reviewing new information about the nature of the claims, including medical records of plaintiffs and recent settlements from other manufacturers. Covidien may be gauging their financial liability based on these settlements.

In May, Endo Pharmaceuticals settled about 20,000 lawsuits for $830 million, paying about $40,000 per plaintiff, according to Bloomberg.

Do I have a Vaginal Mesh Lawsuit?

The Schmidt Firm, PLLC is currently accepting vaginal mesh induced injury cases in all 50 states. If you or somebody you know has been injured by vaginal mesh, you should contact our lawyers immediately for a free case consultation. Please use the form below to contact our Defective Medical Device Litigation Group or call toll free 24 hours a day at (866) 920-0753.

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