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C.R. Bard Settles In Hernia Product Lawsuits

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Over three thousand lawsuits have been filed against C.R. Bard subsidiary Davol Inc., over its Composix Kugel Mesh hernia patches, which were recalled in 2005 after reports that the recoil ring broke apart, and in some cases, moved throughout the abdomen, damaging the internal organs of several patients. Other patients complained of severe pain and other complications after having the device implanted.

According to the Dow Jones Newswire, Bard expects to take a charge of $184 million after taxes for the settlement, which should cover most of the lawsuits filed against the company, but does not include any costs associated with pending class action lawsuits. Bard reported in an April SEC filing that there are two putative class action lawsuits filed in the U.S. and four more class action lawsuits filed in Canada.

The New York Times Reports that Bard designs, manufactures, packages and distributes surgical, diagnostic and patient care devices, including vascular, urology, oncology and surgical products.

Only two lawsuits regarding the Kugel Mesh hernia patch have gone to trial, the first present a win for Bard, while the second lawsuit ended with a $1.5 million judgment for the plaintiff.

 

breakinglawsuitnews.com disclaimer: This article: C.R. Bard Settles In Hernia Product Lawsuits was posted on Tuesday, July 5th, 2011 at 7:43 pm at breakinglawsuitnews.com and is filed under Medical Device Lawsuits.

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