Bard Said to Pay $21 Million in First Big Mesh Accord
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C.R. Bard Inc. agreed to pay more than $21 million to resolve over 500 lawsuits alleging its vaginal-mesh implants harmed women, in the first large-scale settlement of claims over the company's devices, people familiar with the accords said. Bard shares rose more than 2 percent.
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.