Endo To Pay $54M In Vaginal Mesh Settlement

Law360, New York (June 21, 2013, 11:11 AM EDT) -- An Endo Pharmaceuticals unit will pay $54.4 million to settle certain lawsuits stemming from allegedly harmful vaginal mesh products, resolving an unspecified number of claims in a slew of actions waged against the company, including multidistrict litigation, in state and federal courts, Endo said Thursday.

American Medical Systems Inc. and some plaintiffs in unspecified actions reached an agreement June 14, Endo said in a filing Thursday with the U.S. Securities and Exchange Commission. Under the agreement, AMS must fork over $54.4 million to an escrow agent...
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