HOUSTON, Oct. 7, 2014 /PRNewswire/ -- MT Services LLC, a Lawsuit Settlement News Reporting Company which operates lawsuitsettlementnews.com, announced today that their sources close to the transvaginal mesh litigation believe that more settlements will occur prior to the end of 2014. To date, Endo Pharmaceutical's American Medical Systems (AMS) has been the only major mesh manufacturer to announce a global settlement agreement on just some of their outstanding claims. The other manufacturers are still fighting resolution. MTS believes that AMS will announce more settlements on other cases that are still pending and at least one – if not two – other manufacturers will also announce settlements by year end in order to "write off" these losses in fiscal 2014.
The transvaginal mesh and bladder sling litigation is one of the biggest product liability litigations of all time, with over 50K claims active in the court system and potentially 100K total claims expected to be filed. Thousands of women have dealt with complications due to transvaginal mesh products that were poorly designed and tested, including physical injuries as well as emotional and financial distress. Many of these women are filing legal claims, and winning. According multiple reports, these women include Christine Scott who was awarded $5.5MM by a jury in Bakersfield, California (CA) in 2012, Linda Gross who won $11 Million dollars in February of 2013 from Atlantic City, New Jersey (NJ), and Donna Cisson who was awarded $2MM in August of 2013 by a jury in Charleston, West Virginia (WV). The latest jury award for a plaintiff was in Dallas, Texas (TX) where the jury found Boston Scientific to be liable for $73MM in total damages in favor of plaintiff Martha Salazar. However, Boston Scientific had won two previous bellwether trials.
Chris Janish, CEO of MTS commented, "We believe the 2013 Bloomberg report of a major mesh settlement was slightly premature, as there were many issues to work out with the complexity of these cases in 2014, especially what the average mesh settlement amount or value would be. However, with the recent Bellwether losses by the defendants, our sources close to the mesh litigation now believe that several of the big manufacturers are ready to take the necessary "write offs" from their financial statements in order to settle a majority of their mesh cases by the end of 2014. If true, this should be good news to many of the companies' investors on Wall Street who would like these cases settled sooner rather than later, as well as the thousands of women who have suffered dearly from transvaginal mesh and bladder sling implants and revision surgeries."
It is not too late to file a transvaginal mesh or bladder sling lawsuit if you are having complications. MTS advises any patients who have had a revision surgery, or believe they will need one in the near future, to seek a free legal consultation immediately from a transvaginal mesh lawyer or transvaginal mesh law firm or by inquiring directly with MTS at: https://www.lawsuitsettlementnews.com/transvaginal-mesh-lawsuits
Many women filing claims against the device manufacturers have had to undergo multiple revision surgeries. According to MTS, seven (7) major mesh manufacturers face the majority of the 50K cases consolidated in the multidistrict litigation in the U.S. District Court for the Southern District of West Virginia under Chief Judge Joseph R. Goodwin. There are also thousands more claims pending in state courts. The two device manufacturers with the most amount of cases are American Medical Systems and Ethicon. Johnson & Johnson's Ethicon division reported in recent filings that they are fighting over 30K claims alone. Other manufacturers include Boston Scientific, C.R. Bard, Coloplast, Cook Medical, and Neomedic.
MT Services LLC provides up-to-date lawsuit news on transvaginal mesh litigations, as well as various services to assist victims with getting the help they need during this difficult time. These services include: Lawsuit Pre-Settlement Funding Cash Advances, corrective or revision surgery procedure funding (or cash needs related to your surgery), and assistance with obtaining an attorney from a nationally recognized transvaginal mesh law firm. (Lawsuit funding or surgical funding products should not be considered to be a lawsuit loan, lawsuit loans, settlement loans, pre-settlement loans, or lawsuit settlement loans.)
To learn more about the lawsuit help services that MTS can provide involving the transvaginal mesh litigation visit: https://www.lawsuitsettlementnews.com/about-our-products-and-services
If you or a loved one have been injured by transvaginal mesh and need lawsuit help, including finding a transvaginal mesh law firm, obtaining up to $50K in pre-settlement lawsuit funding, or obtaining surgical funding to correct or remove mesh, call right now to speak to a live agent at 877.571.0405. You may also fill out a quick application online at: www.lawsuitsettlementnews.com and an agent will contact you shortly.
MT Services LLC is not a law firm and cannot provide legal advice on your case; however, MTS works with lawyers involved in mass tort litigations who are willing to provide a free legal consultation at the consumer's request. For a list of full disclosures please visit the company's website disclosure page at: https://www.lawsuitsettlementnews.com/terms-of-service
Contact:
Chris Janish, CEO
Ph. 877.571.0405
SOURCE MT Services LLC
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