BD Reaches Major Settlement in Hernia Mesh Litigation, Aiming for Stability and Reduced Uncertainty for Stakeholders
Franklin Lakes, N.J. — Medical technology giant BD has reached a significant settlement to largely resolve ongoing litigation involving its hernia mesh products. The terms, kept confidential, will address numerous cases bundled in Rhode Island and Ohio federal courts. The financial specifics have been allocated in BD’s previous product litigation reserves, allowing the company to distribute payments over several years without additional charges to its financial statements. This settlement aims to stabilize the legal landscape for BD as it navigates through accusations surrounding the safety of its mesh devices. Notably, the company’s balance sheet already … Read more