Index Investing News
Thursday, March 26, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

J&J reaches $205 million settlement in Australian pelvic mesh class action By Reuters

by Index Investing News
September 12, 2022
in Markets
Reading Time: 2 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid/File Photo

By Jaskiran Singh

(Reuters) – Johnson & Johnson (NYSE:) (J&J) has reached a A$300 million ($204.90 million) settlement in two Australian class action suits filed by Shine Lawyers for selling defective pelvic mesh implants to Australian women, the law firm said on Monday.

The settlement, which Shine Lawyers said was the largest settlement in a product-liability class action in Australian history, follows multiple court proceedings involving more than 11,000 claimants, the pharmaceutical giant, and its subsidiary Ethicon.

Pelvic mesh manufacturers have faced thousands of lawsuits from women who said they suffered pain, urinary problems, bleeding, and other serious injuries from the implants. The total settlements for the companies have been more than $8 billion so far. (https://reut.rs/3DiXHT0)

J&J has also faced similar lawsuits in the United States, Canada, and Europe.

Earlier this year, a California court had ordered J&J to pay $302 million for concealing the risks of Ethicon’s pelvic mesh products. (https://reut.rs/3xfAVYp)

Monday’s settlement comes after an Australian federal court judge previously found that Ethicon had sold the implants — to treat urinary incontinence and pelvic organ prolapse — without warning women and surgeons about the risks, and had rushed the products to market before proper testing.

The company was ordered to pay $1.7 million to three Australian women in March 2020.

A second class action suit was then filed by Shine Lawyers in April 2021 on behalf of women who received their implants on or after July 4, 2017, and were not eligible to join the first class action, with allegations similar to the first one.

The A$300 million settlement remains subject to the Federal court’s approval.

“Pending the Federal Court approval, we are pleased to reach a settlement that provides certainty and a path forward for eligible Australian patients,” a Johnson & Johnson spokesperson said.

In 2019, the U.S. Food and Drug Administration ordered all pelvic mesh makers to halt sales of the devices. (https://reut.rs/3RH2JwX)

($1 = 1.4641 Australian dollars)



Source link

Tags: ActionAustralianclassmeshmillionpelvicReachesReuterssettlement
ShareTweetShareShare
Previous Post

Travis Scott Cannot Decide A New Name For Their Son Says Kylie Jenner

Next Post

Charles to make first Parliament address as Britain’s King

Related Posts

Brand New Stock: AI Drone-Defense IPO

Brand New Stock: AI Drone-Defense IPO

by Index Investing News
March 20, 2026
0

A brand new stock just debuted in the hottest sector we’ve seen in years. It’s an AI drone-defense play in...

Planet Labs Stock Shoots to the Moon

Planet Labs Stock Shoots to the Moon

by Index Investing News
March 24, 2026
0

Space stocks have taken off on the back of both hype and substance. Investors don’t even bat an eyelid at...

Bob’s Discount Furniture reports Q4 results March 17 with Wa

Bob’s Discount Furniture reports Q4 results March 17 with Wa

by Index Investing News
March 16, 2026
0

Estimate momentum remains flat. Wall Street’s Q4 EPS consensus of $0.31 has held steady over the past seven days, with...

Sleep Number outlines double-digit second-half sales growth and product reset amid turnaround strategy (NASDAQ:SNBR)

Sleep Number outlines double-digit second-half sales growth and product reset amid turnaround strategy (NASDAQ:SNBR)

by Index Investing News
March 12, 2026
0

Follow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsEarnings Call Insights:...

Top analysts are bullish on these 3 stocks despite ongoing volatility

Top analysts are bullish on these 3 stocks despite ongoing volatility

by Index Investing News
March 8, 2026
0

The stock market continues to be volatile as investors digest developments related to the U.S.-Iran conflict, artificial intelligence disruption fears...

Next Post
Charles to make first Parliament address as Britain’s King

Charles to make first Parliament address as Britain's King

Buyers are Dominating Market, TAMA Explodes Skywards

Buyers are Dominating Market, TAMA Explodes Skywards

RECOMMENDED

North Korea says Kim Jong Un supervised cruise missile tests

North Korea says Kim Jong Un supervised cruise missile tests

October 13, 2022
How And Why Real Estate Documents Grow

How And Why Real Estate Documents Grow

March 18, 2023
98 Of The 100 Largest Housing Markets Saw Prices Nosedive In September From 2022 Peaks

98 Of The 100 Largest Housing Markets Saw Prices Nosedive In September From 2022 Peaks

November 2, 2022
Chip shares with the perfect momentum going into Nvidia earnings (NYSEARCA:SEMI)

Chip shares with the perfect momentum going into Nvidia earnings (NYSEARCA:SEMI)

February 23, 2025
Fearing Leviathans With Feet of Clay

Fearing Leviathans With Feet of Clay

November 29, 2022
Inventory futures fall after Walmart cuts forecast, says inflation hit client spending

Inventory futures fall after Walmart cuts forecast, says inflation hit client spending

July 26, 2022
Biden confuses Zelensky with Putin (VIDEO) — RT World Information

Biden confuses Zelensky with Putin (VIDEO) — RT World Information

July 12, 2024
West in no position to lecture China on Ukraine – ambassador — RT World News

West in no position to lecture China on Ukraine – ambassador — RT World News

April 7, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In