Endo Puts Aside $520M For Vaginal Mesh Litigation

Law360, New York (February 20, 2014, 6:13 PM EST) -- Endo Health Solutions Inc. anticipates it will cost at least $520 million to settle or otherwise exit the product liability litigation it faces, which primarily consists of thousands of vaginal mesh injury cases, the company said Wednesday.

Endo recorded an incremental pretax charge of about $316 million in the last quarter of 2013, increasing its product liability reserve to about $520 million as of the end of last year, it said in a securities filing. A loss in excess of that figure remains a “reasonable possibility,”...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.