Boston Scientific Says 50K Mesh Settlements Almost Final
By Aaron Leibowitz (February 20, 2019, 11:13 AM EST) -- Boston Scientific Corp. said in its annual report filed with the U.S. Securities and Exchange Commission on Tuesday that it is close to reaching settlements in about 50,000 of the 53,000 lawsuits related to its pelvic surgical mesh implants, and that 35,500 of the agreements have been finalized.
The company said the agreements required a certain amount of participation by the claimants and that they were entered into without any admission of liability or wrongdoing.
"As of Feb. 5, 2019, we have entered into master settlement agreements in principle or are in the final stages of entering one with certain plaintiffs' counsel...
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