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April 26, 2012

Bayer Yasmin Lawsuit Settlements Climb to $142 Million

Quoted from http://www.businessweek.com/news/2012-04-26/bayer-yasmin-lawsuit-settlements-climb-to-142-million

Bayer Yasmin Lawsuit Settlements Climb to $142 Million

By Jef Feeley and Margaret Cronin Fisk on April 26, 2012


Bayer AG (BAYN) said settlements of U.S. lawsuits claiming that its Yasmin line of birth-control pills caused blood clots in women have increased to $142 million.

Bayer, based in Leverkusen, Germany, has resolved 651 cases alleging its Yasmin and Yaz contraceptives caused sometimes- fatal clots that can lead to heart attacks and strokes, the company said today in its Stockholders’ Newsletter for the first quarter. The company said it paid $142 million in the settlements, for an average of about $218,000 a case.

“This company wants to avoid the possibility of a large jury award in these clot cases,” Carl Tobias, who teaches product-liability law at the University of Richmond in Virginia, said in a phone interview. “Settlements provide predictability when it comes to the cost of resolving these cases.”

[Article continues at original source]

Posted at 05:38 PM in Yasmin, YAZ |

Tags: Bayer, blood clots, drug injury, lawsuits, settlements, side effects, Yasmin, YAZ

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