Law360, Los Angeles (June 13, 2016, 11:32 PM EDT) -- Three dozen women objected in California federal court Monday to a proposed $11.75 million deal to resolve thousands of claims alleging a transvaginal mesh implant made by Caldera Medical caused injuries, saying they wanted evidence showing whether the payout would be greater if the company liquidated.
Attorney Lee B. Balefsky of Kline & Specter PC, representing 36 objectors, told the court on Monday an independent audit was the only way to ensure that Caldera Medical Inc. was offering the maximum amount possible to women injured by the medical device.
“We don’t know what the liquidated value of the company is. We...
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