Legal-Bay, a Case Funding Firm, says J&J has finally made its first serious attempt to start resolving some of the approximate 42K transvaginal mesh lawsuits against them; the settlement comes just after a $12.5MM verdict against the company last month.
PHILADELPHIA, Feb. 3, 2016 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, reported today that Johnson & Johnson has finally made its first serious attempt to start resolving some of the thousands of cases against them with a $120 million settlement. The accord is said to resolve somewhere between 2-3K cases of the approximate 42,000 lawsuits J&J still faces. The lawsuits have similar allegations that claim the company's transvaginal mesh inserts resulted in injuries and pain after the inserts eroded in their bodies. The settlement comes just after a $12.5 million jury verdict award against Johnson & Johnson's Ethicon subsidiary last month for a woman plaintiff in Philadelphia. However, this settlement is landmark in many ways, as it's the first time Johnson & Johnson and its Ethicon subsidiary have agreed to a settlement to try to resolve a good-sized portion of the cases against them. J&J still faces approximately 42,400 cases, indicated by a regulatory filing.
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Legal-Bay, a law cash advance company, is a leader in transvaginal mesh, transvaginal tape, and bladder or pelvic sling case funding, as well as verdict on appeal settlement advances for all cases, including large hip recall verdicts and mesh cases. The company has seen an increase in transvaginal mesh settlement funding and hip recall settlement funding as the much publicized settlements have been very slow to be paid. With today's announcement, Legal-Bay is able to begin funding even higher amounts on TVM cases.
The transvaginal mesh (TVM) settlements have varied in settlement amounts or values. For more information, visit the company's website at http://lawsuitssettlementfunding.com/mesh-cases.php to learn more information on how Legal-Bay can assist you during this difficult time.
Chris Janish, CEO of Legal-Bay, commented on the recent transvaginal mesh lawsuit news, "We are pleased that J&J has now started the process of resolving at least some of their many claims that have been clogging up the courts. It is vitally important for women who are still experiencing issues with an Ethicon J&J mesh product or a Boston Scientific mesh or bladder sling to contact a mesh lawyer immediately as the litigation cycle is now beginning to end."
Legal-Bay can assist injured parties who believe they may have a possible hip recall or transvaginal mesh claim. If you, or a loved one, have been injured from a transvaginal mesh product or bladder sling, please feel free to contact Legal-Bay with any questions you may have. Legal-Bay can assist you with obtaining a free legal consultation from a qualified transvaginal mesh law firm or TVM lawyer, or a hip recall law firm. To learn more about Legal-Bay's transvaginal mesh funding or legal services, please visit the website, at: http://lawsuitssettlementfunding.com/mesh-cases.php
For a full list of cases that Legal-Bay funds, please visit the company's website, at: http://lawsuitssettlementfunding.com/
All of Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a lawsuit loan, lawsuit loans, pre-settlement loans or a pre-settlement loan. To learn more about how Legal Bay's funding process works on commercial litigations, visit: http://lawsuitssettlementfunding.com/funding-process.php
To speak with a live agent on any of the above items, feel free to call the company's toll-free hotline, at: 877.571.0405.
Contact: Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email: [email protected]
SOURCE Legal-Bay LLC
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