C.R. Bard Inc. (BCR) agreed to pay more than $21 million to resolve more than 500 lawsuits alleging its vaginal-mesh implants harmed women in the first large-scale settlement of claims over the devices, people familiar with the accords said.
Bard agreed to pay an average of more than $43,000 per claim to settle several lawyers’ inventories of vaginal-mesh cases, said three people familiar with the settlements who didn’t want to be identified because they weren’t authorized to speak publicly about the accords.
The deal comes as a federal judge in West Virginia has ordered lawyers for Murray Hill, New Jersey-based Bard to prepare for trials of 500 lawsuits alleging the company’s vaginal implants damaged women’s organs and left them in constant pain, according to court filings.
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