Law360, San Francisco (March 6, 2017, 10:05 PM EST) -- Despite three dozen objectors, a California federal judge on Friday approved Federal Insurance Co.’s proposed $12.25 million deal to resolve thousands of insurance claims alleging Caldera Medical Inc.’s transvaginal mesh implant caused injuries in more than 2,700 women.
Under the non-opt-out settlement, Federal Insurance agreed to distribute $10.58 million among 2,710 class member claimants and to pay class counsel $670,020 in attorneys’ fees and costs. In exchange, the claimants will release Caldera and Federal Insurance from all future claims, according to court documents.
U.S. Judge Stephen V. Wilson said in his order on Friday that the settlement is fair, reasonable, adequate...
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