August 2, 2012 – According to a second quarter stockholders newsletter released this week, pharmaceutical giant Bayer is poised to pay out more than $1.2 billion to settle lawsuits filed on behalf of individuals allegedly injured by Yaz and Yasmin side effects. The vast majority of the claims were brought by women who suffered blood clot injuries such as pulmonary embolisms and deep vein thrombosis after taking Bayer’s best-selling line of birth control pills. Yet despite the massive payout, Bayer will still face thousands of lawsuits over Yaz and Yasmin in the near future.
Yaz / Yasmin Lawsuit Update 3/21/13: This week, Bayer Healthcare reportedly agreed to pay out as much as $24 million to settle gallbladder disease lawsuits involving its controversial Yaz and Yasmin birth control pills. Specifically, the company agreed to settlement payments of $2,000 to women who suffered gallbladder injuries, and $3,000 for women’s injuries which were so severe that their gallbladders had to be removed.
Free Yaz Blood Clot Lawsuit Evaluation: If you or a loved one suffered a blood clot after taking Yaz, you should contact our law firm immediately. You may be entitled to compensation by filing a suit against the manufacturer and our lawyers can help.
What’s the problem?
In its stockholders newsletter, Bayer announced that it is currently facing approximately 12,325 Yaz and Yasmin lawsuits filed on behalf of some 13,530 plaintiffs. The company has already reportedly agreed to pay $402.6 million to settle nearly 1,900 cases without an admission of liability. Bayer is settling Yaz and Yasmin lawsuits on a case-by-case basis with certain law firms, after individual reviews of medical records in each case.
At this time, Bayer is only settling Yaz and Yasmin lawsuits involving blood clot injuries such as pulmonary embolism (PE) and deep vein thrombosis (DVT). A DVT is a blood clot that occurs in the deep veins of the legs or pelvis. A PE occurs when a DVT breaks off and migrates to the lungs, where it becomes lodged. Bayer currently faces about 6,000 lawsuits involving these injuries. If the remaining cases resolve for about the same average value, this would suggest Bayer will have to pay nearly $1.3 billion to settle all of the claims.
However, blood clot injuries only account for less than half of the Yaz and Yasmin lawsuits Bayer currently faces, with most of the other complaints involving women who allegedly suffered heart attacks, strokes or gallbladder disease after taking the drugs.
Federal lawsuits involving Yaz and Yasmin are currently consolidated in a multidistrict litigation (MDL) under U.S. District Judge David R. Herndon in the Southern District of Illinois. The MDL recently grew to become the largest pending litigation in the federal court system, with the number of cases surpassing the asbestos litigation, which was originally consolidated back in 1991.
Do I Have a Yaz Blood Clot Lawsuit?
The Product Liability & Defective Drug Litigation Group at our law firm is an experienced team of trial lawyers that focus on the representation of plaintiffs in Yaz lawsuits. We are handling individual litigation nationwide and currently accepting new blood clot cases in all 50 states.
Free Confidential Case Evaluation: Again, if you developed a blood clot after using Yaz, you should contact our law firm immediately. You may be entitled to compensation by filing a lawsuit and our lawyers can help.