These settlements average to about $218,000 per case, compensating women for medical bills and other damages. Annual Report 2015: Legal Risks. “This judgment modification forces the company to stop making those claims and spend $20 million correcting misleading assertions about the product.”. To date, settlement amounts are averaging about $218,000 per case, according to Bayer. (3 October 2008). We appreciate your feedback. Legal-Bay is aggressively funding victims of Yaz, Yasmin and Ocella in pre-settlement amounts of up to $50,000 depending on your injuries. Yaz Lawsuit. At least 4,000 lawsuits still are unresolved. One of our content team members will be in touch with you soon. There have been over 12,000 Yaz lawsuits filed since 2009. Law professor Stephen Saltzburg predicted some time ago that more Yaz lawsuits would be filed once word of the settlements got out – and he was right. Concerning how far Bayer has come with its YAZ / Yasmin settlement program, as we reported in our article last year about the Bayer 2011 Annual Report, there were settlement agreements in just 70 cases as of mid-February 2012. Liability for Injuries from Side Effects Retrieved from: FDA. Bayer’s report included 7,332 serious injury reports, 104 malfunction reports and 73 reports. We’re committed to providing reliable COVID-19 resources to keep you informed and safe. Yaz Blood Clot Settlements According to Bayer’s 2013 Annual Statement, which was released in February 2014, the drug maker had agreed to pay more than $1.69 billion to resolve an estimated 8,250 lawsuits alleging women suffered a: Heart attack or Stroke from Yaz or Yasmin Pulmonary Embolism from Yaz or Yasmin In July 2012, Bloomberg News reported that Bayer has settled more than 1,800 Yaz (Yasmin and Ocella) lawsuits alleged serious blood clot-related injuries for approximately $400 million. Yaz Settlements. Some legal experts who were expecting a greater per-patient payout said that it wasn’t a particularly good outcome for patients suffering from gallbladder injuries allegedly due to the use of Yaz and Yasmin. Yaz and Yasmin are oral contraceptives that contain the synthetic hormone drospirenone. These cases are settling for good values. The company also stated that it has put aside an additional $600 millionto cover litigation costs associated with the other 12,000 cases that are filed by women who claim blood clot-related injuries. Bayer still faced just under 700 actions in federal court as of July 2017. Reports later indicated Bayer ended up agreeing to pay $400 million that year to settle about 2,000 blood clot claims. If you were injured by Yaz, contact our toll free number today to arrange a free consulation with a Yaz Lawyer. The Lawsuits against Bayer really started to proliferate after the FDA issued its warnings and required labeling changes for Yaz. Bloomberg News recently reported that Bayer has now settled over 1,800 lawsuits with women who suffered blood clots after taking Yaz or Yasmin birth control pills. The average settlement was around $212,000. One Indiana Square, Suite 1400 Indianapolis, Indiana 46204, Home » Bayer Settlements for Yaz and Yasmin Lawsuits Top $400 Million. The company decided each claim was worth about $220,000, bringing the total payment to $110 million. The birth control products have been documented to cause the following … They said evidence directly linking the birth-control pills to gallbladder problems is not yet strong enough to support the claims. Let's assume there are 200,000 legitimate cases and the average settlement is $100,000. In MDL, each plaintiff has an individual lawsuit against the manufacturer. Yaz Blood Clot Settlements According to Bayer’s 2013 Annual Statement, which was released in February 2014, the drug maker had agreed to pay more than $1.69 billion to resolve an estimated 8,250 lawsuits alleging women suffered a: Heart attack or Stroke from Yaz … Free case evaluation at 800-553-8082. In 2012, following three months of negotiations, Bayer said it would settle 500 lawsuits that accused the company of marketing Yaz and Yasmin as safer than other birth-control pills when it allegedly knew the drugs could cause fatal blood clots. Do Not Sell My Info. In addition, Bayer reported that they arrived at a settlement agreement in early July 2014 that would affect nearly 9,000 lawsuits. In a settlement involving 500 lawsuits, news reports are claiming that the company is paying at least $110 million – amounting to about $220,000 a case. This website and its content may be deemed attorney advertising. Yaz, with a generic name of Ocella, is an oral contraceptive used by women across the United States and all around the world. 3M has maybe $35 billion in assets. After continued mediation, Bayer is settling a portion of the Yaz, Yasmin Claims for at least $110M–roughly $220,000 per Yaz, Yasmin lawsuit. Bayer has settled more than 19,000 lawsuits from plaintiffs who claim Yaz and Yasmin birth control pills caused blood clots, heart attacks, and strokes. In 2015, Bayer had paid close to $2 billion at that time to resolve claims filed by Yaz and Yasmin oral contraceptive users that use of the birth-control pills resulted in venous blood clots, including deep vein thrombosis (DVT) and pulmonary embolism (PE), both of which can be deadly. She was also a member of the National Association of Legal Assistants. Pfizer has indicated that it has set aside another $330 million to settle those lawsuits. We only gather information from credible sources. The billion-dollar company has earmarked $1.5 billion to cover future litigation costs and settlements , which are averaging in the six figures for each claimant. Pharmaceutical Drug & Medical Device Litigation, Business Services, Real Estate & Business Litigation, Bankruptcy, Creditor’s Rights, & Commercial & Business Law, Bayer Settlements for Yaz and Yasmin Lawsuits Top $400 Million, Former NFL Players Still Have Time to Claim Concussion Settlement Funds, Indiana Legal Services and Indiana State Bar Foundation Receive $90,000 donation from Cohen & Malad, LLP Class Action, United Way of Central Indiana’s Center for Working Families Receives $32,000 from Cohen & Malad, LLP Settlement Funds, Indianapolis Neighborhood Housing Partnership Receives $32,000 from Cohen & Malad, LLP Settlement Funds. © 2021 Drugwatch.com Privacy Policy/ Warning Letter. The U.S. Food and Drug Administration (FDA) issued a warning letter a year earlier for Bayer TV commercials for Yaz, one titled “Not Gonna Take It” and the other, “Balloons.”, Trial Attorney and Pharmaceutical Litigation Expert, Testing Positive for COVID-19: It Felt Like I Had a Compression Belt Around My Chest, COVID-19: A Consumer’s Guide to the Coronavirus, Recall List: Major Medical Device & Drug Safety Alerts of 2020, Erika Sward of American Lung Association Reveals the Dangers of Vaping and IQOS, This article contains incorrect information, This article doesn't have the information I'm looking for, Millions of Women in the US Don’t Know of Blood Clot Risk in Birth Control Pills, Yaz and Yasmin Legal Claims Cost Bayer $1.5 Billion, https://www.bayer.com/downloads/ar-2016.pdfx, https://www.law360.com/articles/686987/bayer-agrees-to-57m-deal-to-end-yaz-blood-clot-suits. In the same year, Yaz received FDA approval for use to treat premenstrual dysphoric disorder (PMDD) a severe type of premenstrual syndrome (PMS). The settlement amount is for $1.8 billion. These lawsuits involve personal injury cases that women have had to file as the result of using Yaz birth control pills. The oral contraceptive is only FDA-approved to treat symptoms of premenstrual dysphoric disorder (PMDD) and moderate acne. (9 February 2009). Editors carefully fact-check all Drugwatch content for accuracy and quality. In its 2016 annual report, Bayer was said to be “exposed to numerous legal risks,” with Yaz and Yasmin topping the list. A mother in New York slipped and fell on black ice while walking her child to daycare. Previous Yaz lawsuit settlements totaled over $1 billion In 2012, Bayer reached an agreement with thousands of other Yaz and Yasmin plaintiffs who had maintained that these dangerous drugs caused life-threatening blood clots. “Bayer’s deceptive ad campaign led young women to believe that its oral contraceptive would cure symptoms for which it was not approved for use…” California Attorney General Edmund G. Brown Jr. said at the time. Experts reportedly estimate that Bayer will be ordered to pay as much as $2.65 billion to settle all pending Yaz/Yasmin lawsuits. Drugwatch's trusted legal partners support the organization's mission to keep people safe from dangerous drugs and medical devices. By early 2016, Bayer signed off on $2 billion in settlements in the U.S., with more claims pending internationally. It is not a substitute for professional medical advice, diagnosis or treatment. The total amount of lawsuits settled out of court represents about 60 percent of the 10,000 filed against the company from women blame Prempro for causing cancer. Kristin Compton's background is in legal studies. The total amount of Yaz settlements is over $400 million dollars, putting an average settlement value at around $200,000 dollars. For more information, visit our partners page. Retrieved from: Fair, M. (4 August 2015). As of January 23, 2017, Bayer said it is considering about a dozen of lawsuits still pending in the U.S. for possible settlements “after a case-specific analysis of medical records.” Despite this statement, Bayer says it “believes that it has meritorious defenses and will continue to defend itself vigorously against all claims that are not considered for settlement.”. ... Law firms with the largest amount of cases are being contacted first. As of April 26, Bayer had paid $142 million in settlements to resolve 651 claims. Immergut said settlements are “an important step in bringing to a close long-standing litigation involving Bayer’s drospirenone-containing combination oral contraceptives that has lasted for more than six years.”. Bayer reached an agreement with 27 attorneys general in 2009 to spend $20 million on a corrective advertising campaign to remedy misinformation about Yaz promotional materials. The total amount of Yaz settlements is over $400 million dollars, putting an average settlement value at around $200,000 dollars. Under the agreement, Bayer was required to submit proposed corrective ads for Yaz to the FDA for approval, as well as to comply with the FDA’s comments before the commercials were to air. ... the company said it faced 11,900 Yaz and Yasmin lawsuits … Please read our disclaimer for more information about our website. For more information, visit our partners page. We will direct you to one of our trusted legal partners for a free case review. Bayer Settlements for Yaz and Yasmin Lawsuits Top $400 Million. But they also point out that “science just isn’t there yet” for these types of cases. Post-Settlement Funding for Yaz/Yasmin Lawsuits Bayer has recently settled over 1,800 of the Yaz and Yasmin cases for approximately $402 million. Most of those lawsuits are being handled in the United States District Court for the Southern District of Illinois. The Leverkusen, Germany-based company announced a $12.1 billion plan in June to settle lawsuits over some products it … Review our editorial policy to learn more about our process for producing accurate, current and balanced content. The average amount of a settlement was reported at $214,000 dollars – that’s based on roughly 1,500 settlements and a total settlement amount of about $300 million dollars. This site complies with the HONcode standard for trustworthy health information: Verify here. Bayer faced thousands of lawsuits about Yaz and Yasmin stemming from women’s use of its new generation birth-control pills Yaz and Yasmin, allegedly resulting in potentially life-threatening blood clots, heart attacks, stroke and gallbladder injuries. The company said in its 2016 annual report that as of January 2017, additional lawsuits in other countries, including Israel and Canada, were still pending. In many of these cases, the lawsuits were filed because drug manufacturers promoted their products for uses outside of the scope of FDA approval. One Indiana Square Suite 1400 Indianapolis, Indiana 46204. While Bayer had the option to withdraw from the settlement if less than 90 percent of gallbladder plaintiffs accepted the agreement, the company reported that as of 2016, it had paid $21.5 million to resolve approximately 7,200 claims for gallbladder injuries. Stipulation for Modification of Final Judgment and [Proposed] Order. (18 May 2016). The History of Yaz and Yasmin and their Dangerous Side Effects The FDA found that both advertisements violated FDA regulations related to promotional materials and asked Bayer to “immediately cease dissemination” of the same. (2009). Founded in 1997, RD Legal has established itself as one of the nation's leading providers of lawsuit settlement funding to attorneys and plaintiffs. Contact our office to talk with one of our product liability attorneys to discuss your legal rights and options. According to a 2015 news report, Bayer had paid close to $2 billion to resolve claims filed by Yaz and Yasmin oral contraceptive users that use of the birth-control pills resulted in venous blood clots. Annual Report 2016: Legal Risks. Copyright © document.write(new Date().getFullYear()); Cohen & Malad, LLP. Legal bills are piling up at Bayer. If you found our resources and information helpful, please take a minute to review us on Facebook and Google. (15 March 2017). In DrugRisk legal news, Bayer also indicated they began settling Yaz lawsuits last spring, spending as much as $750 million to settle up to 3,500 cases by the end of the 3rd Quarter in 2012. As of July 2013, Bayer has settled Yaz lawsuits with 6,760 plaintiffs in the United States, for a total of $1.4 billion dollars. Most of those lawsuits are being handled in the United States District Court for the Southern District of Illinois. In August 2015, Bayer, which also makes another litigated birth control-pill, Ocella, agreed to pay nearly $57 million to settle suits spanning the U.S. alleging that its three oral contraceptives resulted in heart attacks and strokes. This will help our consumer safety information reach more people. All rights reserved. Essure was pulled from the market in the U.S. by Bayer in 2018 after the FDA issued warnings on Essure side effects and complications. Bayer also reached a settlement with 27 states involving allegedly misleading claims in television advertisements for Yaz that suggested the drug was approved for and effective in treating premenstrual syndrome (PMS) and acne at all levels of severity. YAZ, YASMIN and OCELLA BIRTH CONTROL LAWSUIT FUNDING. Get a the latest update on the 3M Combat Arms earplug lawsuits. If you suffered a blood clot while taking Yaz or Yasmin, it's not too late to file a claim. The amount that goes to each plaintiff varies, but Bayer is not likely to be done paying out. This article will cover what Essure lawsuit settlements and payouts amounts may be available to plaintiffs. Bayer. Post-Settlement Funding for Yaz/Yasmin Lawsuits. Bayer has settled more than 18,000 lawsuits that alleged its birth-control pills with drospirenone, Yaz and Yasmin, caused potentially life-threatening blood clots, gallbladder problems, heart attacks and strokes. Bayer Agrees To $57M Deal To End Yaz Blood Clot Suits. Furthermore, Bayer was required to “cease any and all claims about the drug that are not FDA-approved,” and to clearly disclose exactly what indications for Yaz have been approved by the FDA when referring to symptoms. This article will explain what women who file Essure lawsuits may receive in settlements and payouts. If you or someone you care about has taken Yaz or Yasmin and suffered a serious injury as a result, you may be entitled to compensation for your injury. ** Please seek the advice of a medical professional before making health care decisions. Join our newsletter to stay up to date on dangerous drugs and devices, keep up on lawsuit and settlement news, learn about FDA recalls, and more. It is usually an extremely tense and distressing time. Bayer settled with Yunker, awarding her $237,000. By 2013 Bayer had already settled nearly 7,000 claims to the tune of $1.4 billion. Bayer has recently settled over 1,800 of the Yaz and Yasmin cases for approximately $402 million. It starts with our strict sourcing guidelines. Calling this number connects you with a Drugwatch representative. Retrieved from: State of California, DOJ. Some of her qualifications include: Drugwatch.com writers follow rigorous sourcing guidelines and cite only trustworthy sources of information, including peer-reviewed journals, court records, academic organizations, highly regarded nonprofit organizations, government reports and interviews with qualified experts. About a dozen more lawsuits and claims in the U.S. still being considered for possible settlement. Yaz Lawsuit Settlement Amounts Following release and an aggressive marketing campaign, Yaz and Yasmin quickly grew in popularity until reports of potentially serious Yaz side effects began to emerge. Tolentino’s case became one of approximately 350 claims pending in a Philadelphia mass tort that was settled under the $56.9 million agreement. Yaz/Yasmin Settlement Update Posted on August 3, 2015 Bayer has agreed to pay $56.9 million to set up a settlement program to resolve Yaz and Yasmin related claims in which a claimant alleged to have suffered an arterial blood clot including stroke and heart attack. Get information on how these hearing loss and tinnitus claims are expected to progress and what the settlement payout in this class action might be. December 7, 2020 update: Today, the FDA posted spreadsheets of reportable Essure adverse events, and Bayer posted a quarterly analysis report of Essure adverse event information. Yaz lawsuit settlement amounts are on the minds of a lot of Yaz lawsuit lawyers and their clients. As of late 2013, Bayer has paid over $750 million to settle over 3,000 Yaz lawsuits involving injuries from DVT or pulmonary embolism. Currently the average reported settlement amount for Yaz Lawsuits is between two hundred thousand and two hundred and fifty thousand dollars, although some individual Yaz Lawsuits have been reported to have settled for more. In addition, according to the federally appointed mediator working on the cases, an additional 7,500 suits are expected to be settled by year’s end. The case is known as Yasmin and Yaz (Drospirenone) Marketing, Sales Practices and Products Liability Litigation (MDL No. The lawyer will play a role in determining how to go forward and whether to file a complaint with the SEC or to proceed directly with the lawsuit and when the time comes to ensure an equitable securities settlement. The closed litigation group included thousands of heart, gallbladder, and blood clotting injuries and more than 100 deaths which have all been resolved. Bayer issued a statement to its shareholders disclosing that it has already paid $402 million in settlementsfor an average of $212,000 per case. Plaintiff Anna Tolentino filed her lawsuit in 2009 over allegations she suffered a blood clot that resulted in a stroke after taking Yasmin. Prior results do not predict a similar outcome. $1.5 Million Slip and Fall on Ice Settlement. ALERT: Your health is top priority. In DrugRisk legal news, Bayer also indicated they began settling Yaz lawsuits last spring, spending as much as $750 million to settle up to 3,500 cases by the end of the 3rd Quarter in 2012. The company also agreed to pay $21.5 million to settle 7,200 claims for gallbladder injuries and $56.9 million to settle about 1,200 claims in which plaintiffs allege strokes and heart attacks. Bayer could end up paying billions of dollars settling lawsuits alleging that the German corporation’s Yasmin line of birth control pills caused blood clots. Bloomberg News recently reported that Bayer has now settled over 1,800 lawsuits with women who suffered blood clots after taking Yaz or Yasmin birth control pills. Details of the Yaz settlements were leaked to Bloomb However, Yaz and Yasmin plaintiffs are reportedly going to have to wait months or even years once settlement amounts are determined. Two birth-control pills have been costly for Bayer. Yasmin Lawsuit Settlement Update. The company capped the payout at $24 million and said it would reduce individual awards if that amount were exceeded. The information on this website is proprietary and protected. https://oag.ca.gov/system/files/attachments/press_releases/n1677_fda_warning_letter.pdf? Settlement negotiations continue between lawsuit plaintiffs and Bayer Healthcare Pharmaceuticals related to injuries stemming from their controversial birth control pills, Yasmin and Yaz. Bayer faced thousands of lawsuits about Yaz and Yasmin stemming from women’s use of its new generation birth-control pills Yaz and Yasmin, allegedly resulting in potentially life-threatening blood clots, heart attacks, stroke and gallbladder injuries. Retrieved from: The People of the State of California v. Bayer Corporation. Drugwatch.com partners with law firms. Yaz Overview Yaz is a prescription birth control pill containing ethinyl estradiol and drospirenone, which was first approved by the U.S. Food and Drug Administration (FDA) in March 2006. If you or a loved one has been experienced blood clots from use of Yaz Birth Control or Yasmin Birth Control, contact our Defective Yaz, Yasmin Attorneys today to get help filing a Yaz, Yasmin claim. Any unauthorized or illegal use, copying or dissemination will be prosecuted. As of January 2016, Bayer had agreed to pay $2.04 billion to settle about 10,300 claims for blood-clot injuries, including deep vein thrombosis (DVT) and pulmonary embolism (PE). In fact, several Yaz, Yasmin, and Ocella lawsuit attorneys are encouraging plaintiffs to contact them for discussions about post-settlement financing. In addition, according to the federally appointed mediator working on the cases, an additional 7,500 suits are expected to be settled by year’s end. The FDA reviewed studies indicating drospirenone increased a patient’s risk of … ... Pharmaceutical company settlement amounts. The FDA reviewed studies indicating drospirenone increased a patient’s risk of developing blood clots and ordered Bayer to strengthen its patient safety warnings for birth control pills containing this hormone. There have been over 12,000 Yaz lawsuits filed since 2009. This 3M lawsuit is the largest mass tort in American history. 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