Legal-Bay Reports $11.75MM Proposed Settlement for Caldera Mesh Lawsuits

Legal-Bay, a Case Funding Firm, says that more than 2,000 cases pending in California State Court in Los Angeles would be included in the proposed settlement, however, the Court still must decide whether or not to approve the settlement.

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Legal-Bay LLC

Mar 23, 2016, 05:00 ET

LOS ANGELES, March 23, 2016 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company which operates lawsuitssettlementfunding.com, reported today a $11.75 million settlement has recently been proposed for Caldera Medical's transvaginal mesh lawsuits. According to an article on Drug Watch, lawyers representing women plaintiffs who claim Caldera's transvaginal mesh (TVM) implants caused them serious injuries "proposed a blanket class action settlement to resolve thousands of lawsuits."

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More than 2,000 lawsuits that are pending in California State Court in LA would be included in the proposed settlement, however, a notice stated that "The Court still has to decide whether to approve the Settlement and whether to certify the Settlement Class." Only if the Court approves the settlement will payments be made. The deadline to join the settlement is May 2^nd, 2016.

The final approval hearing for the proposed Caldera mesh settlement is scheduled for June 13^th in LA before U.S. District Judge Stephen V. Wilson. This particular proposed settlement is separate from the thousands of other cases that have been consolidated in West Virginia in federal multidistrict litigation before Judge Joseph Goodwin.

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. 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 proposed settlement, "If the settlement is approved, a portion of the mesh lawsuits against Caldera could be resolved. However, thousands of other claims are still pending against several different manufacturers. We encourage any women who have had injuries from a mesh implant to contact us to see how we can help you during this time."

Legal-Bay can assist injured parties who believe they may have a possible 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. 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.