Judge Urges C.R. Bard To Settle In Effort To Avoid Paying Billions In Damages
A federal judge took the unusual step of urging C.R. Bard Inc. (BCR) to settle thousands of lawsuits over defective vaginal-mesh implants because juries may award billions of dollars in damages.
“I can’t imagine a corporation facing potentially billions of dollars in verdicts wouldn’t find it advisable to try to achieve a settlement for a much lesser sum,” U.S. District Judge Joseph Goodwin in Charleston, West Virginia, said at a Dec. 9 hearing, according to a transcript. “I base that billions of dollars business on some of the rather large verdicts that we’ve had.”
Help employers find you! Check out all the jobs and post your resume.
“I can’t imagine a corporation facing potentially billions of dollars in verdicts wouldn’t find it advisable to try to achieve a settlement for a much lesser sum,” U.S. District Judge Joseph Goodwin in Charleston, West Virginia, said at a Dec. 9 hearing, according to a transcript. “I base that billions of dollars business on some of the rather large verdicts that we’ve had.”
Help employers find you! Check out all the jobs and post your resume.