Bard Offers $184M To Settle Hernia Patch Suits

Law360, New York (July 01, 2011, 3:24 PM ET) -- C.R. Bard Inc. said Thursday it had tentatively agreed to pay $184 million to settle the majority of claims in a Rhode Island multidistrict litigation over allegedly defective hernia patches.

In a U.S. Securities and Exchange Commission filing, the medical equipment manufacturer said it had reached agreements in principle with scores of plaintiffs who claim they suffered significant injuries because of faulty Composix Kugel surgical mesh patches manufactured by Bard subsidiary Davol Inc.

"It's been a hard, long fight for four years by both sides," Jon...
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