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Bayer Pays Out $1.4 Billion In Yaz Settlements, Could Pay More

Bayer Pays Out $1.4 Billion In Yaz Settlements, Could Pay More

<p style&equals;"text-align&colon; justify&semi;">According to the company’s stockholders’ newsletter for the second quarter of 2013&comma; by July 8&comma; 2013&comma; Bayer had agreed to pay out &dollar;1&period;4 billion to reach Yaz and Yasmin settlements&period; The settlement agreement affects about 6&comma;760 U&period;S&period; claimants who had filed lawsuits alleging a link between the defendants’ birth control medications and venous clot injuries&comma; which include pulmonary embolism and deep vein thrombosis&period; The settlement agreement was reached without admission of fault on the part of the defendants&period; Claimants&comma; on average&comma; are expected to receive over &dollar;208&comma;000 each&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The lawsuits resolved by the settlement had been part of the multidistrict litigation &lpar;MDL&rpar; proceeding in the U&period;S&period; District Court for the Southern District of Illinois under the direction of Judge David R&period; Herndon&period; When the Yaz MDL was established&comma; it consolidated more than 10&comma;000 lawsuits&period; The Judicial Panel on Multidistrict Litigation &lpar;JPML&rpar; created the MDL to centralize complaints against Bayer that shared the same general allegations and statements of fact&period; It is intended to make the litigation process more efficient with shared pretrial discovery and the avoidance of contradictory rulings&period; More information on Yaz lawsuits and on multidistrict litigation can be found at yazlawsuit-info&period;com&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><img class&equals;"aligncenter size-full wp-image-8780" alt&equals;"Bayer Pays Out &dollar;1&period;4 Billion In Yaz Settlements&comma; Could Pay More" src&equals;"https&colon;&sol;&sol;medusamagazine&period;com&sol;wp-content&sol;uploads&sol;2013&sol;10&sol;Small-Business&period;png" width&equals;"424" height&equals;"283" &sol;><&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><b>Settlement does not Affect All Lawsuits<&sol;b><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Despite the astronomical figure involved in the settlement&comma; it still does not affect all Yaz lawsuits consolidated in the MDL that involve claims of blood clot-related injuries&period; According to the defendants’ stockholders’ report&comma; there are still about 2&comma;800 pending lawsuits that involve these types of allegations&period; The representatives of Bayer are engaged in an ongoing review of claimants’ medical records to assess the possibility of additional settlement agreements&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">This recent &dollar;1&period;4 billion settlement agreement comes on the heels of a previous settlement agreed to by Bayer and other Yaz claimants&period; In March 2013&comma; Bayer agreed to pay out &dollar;24 million to plaintiffs who allege that the birth control medication resulted in gallbladder injuries and&comma; in some cases&comma; the surgical removal of the gallbladder&period; Bayer reported that 8&comma;800 plaintiffs had agreed to the settlement arrangement by July 8&comma; 2013&comma; which more than met the 90 percent participation requirement&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><b>Plaintiffs Share Common Complaints<&sol;b><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Yaz and Yasmin are hormonal birth control pills that contain drospirenone&comma; a type of progestin that has been linked to an increased risk of deep vein thrombosis &lpar;DVT&rpar;&period; Plaintiffs who developed this side effect were diagnosed with blood clots in the deep veins of the body&comma; typically in the legs&period; Sometimes&comma; these blood clots break free and travel to the lungs&comma; a condition known as a pulmonary embolism&period; This condition is life-threatening and requires immediate medical assistance&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In addition to shared allegations of side effects&comma; the plaintiffs in the MDL allege that the defendants failed to adequately warn them and their healthcare providers of the potential for life-threatening complications&period; They further allege that Bayer did not sufficiently test the safety of their products&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><b>Bellwether Trials had been Postponed<&sol;b><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Plaintiffs in the MDL had been anticipating the first bellwether trial in January 2012&period; The bellwether trials&comma; or first few cases to go to trial&comma; would be used to gauge jury reactions to evidence and testimony&period; However&comma; on December 31&comma; 2011&comma; Judge Herndon had ordered that settlement negotiations begin instead&comma; postponing the case of Kerry Sims v&period; Bayer Corporation&period; Judge Herndon noted that he issued the order because he felt exploring a settlement would &OpenCurlyDoubleQuote;better serve” the thousands of plaintiffs who had been awaiting their day in court&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Currently&comma; there are no upcoming trials scheduled for the MDL&comma; although nearly 3&comma;000 lawsuits are still pending&period; According to the U&period;S&period; District Court for the Southern District of Illinois&comma; a continuance order for the bellwether trials is still in effect&period; The plaintiffs and the defendants could agree to another settlement&comma; forcing Bayer to pay out potentially millions more&period; Should these lawsuits not resolve through a settlement&comma; the plaintiffs can anticipate the scheduling of new bellwether trials&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><b>BIO&colon; <&sol;b>Jacky Gale writes frequently about pharmaceutical litigation and is a regular contributor to the Yaz Lawsuit Center&period; She is especially interested in the impact of dangerous drugs and medical devices on women’s health&period; Jacky hopes to raise awareness about some of the lesser known side effects as well as legal recourse available to women who have been harmed&period;<&sol;p>&NewLine;

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