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Bayer AG (BAY.F)'s Yasmin Lawsuit Settlements Rise to $402.6 Million


8/1/2012 7:06:21 AM

Bayer AG (BAYRY) (BAYRY) said settlements of U.S. lawsuits over claims that its Yasmin line of birth-control pills caused blood clots in women have increased to more than $402 million. Bayer, based in Leverkusen, Germany, has resolved almost 1,900 cases (BAYRY) in which it’s alleged that its Yasmin and Yaz contraceptives caused clots that can lead to heart attacks and strokes, the company said today in a stockholders’ newsletter. Bayer said it has paid $402.6 million in settlements of one category of clot cases, for an average of about $212,000 a case.

Read at BusinessWeek

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