Index Investing News
Friday, May 15, 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

Celsius Holdings Drops 7.3% After JP Morgan Maintains Overweight

Celsius Holdings Drops 7.3% After JP Morgan Maintains Overweight

by Index Investing News
May 11, 2026
0

AlphaStreet Newsdesk powered by AlphaStreet Intelligence Celsius Holdings plunged 7.3% on Monday to $29.93 as a trio of Wall Street...

21Shares’ Canton Network’s first U.S. ETF, ‘TCAN,’ launches on Nasdaq

21Shares’ Canton Network’s first U.S. ETF, ‘TCAN,’ launches on Nasdaq

by Index Investing News
May 7, 2026
0

May 07, 2026, 11:36 AM ETCanton Strategic Holdings, Inc. (CNTN) Stock, CC-USD Crypto, TCANMSFT, GS, NDAQ, DB, V, GSBD, MSFT:CA,...

Top Street analysts like these 3 stocks for their long-term prospects

Top Street analysts like these 3 stocks for their long-term prospects

by Index Investing News
May 3, 2026
0

Investors are grappling with elevated oil prices and persistent geopolitical tensions, but those who can ignore short-term noise may be...

Here’s everything to expect when the Fed issues its latest interest rate decision Wednesday

Here’s everything to expect when the Fed issues its latest interest rate decision Wednesday

by Index Investing News
April 29, 2026
0

US Federal Reserve Chair Jerome Powell arrives for a press conference following the Federal Open Market Committee meeting at the...

Here’s How NVIDIA Hits 0 a Share by 2030

Here’s How NVIDIA Hits $670 a Share by 2030

by Index Investing News
April 25, 2026
0

Long before NVIDIA $NVDA became the most valuable company in the world we theorized that’s what would happen. No crystal...

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

Are Bitcoin ETFs headed for one epic Gensler ‘rugpull?’ Analysts weigh in

Are Bitcoin ETFs headed for one epic Gensler ‘rugpull?’ Analysts weigh in

October 31, 2023
Billionaire Investor Invoice Ackman Has 100% of His  Billion Portfolio in Simply 9 Shares, However There Have been Seismic Modifications Throughout the Quarter

Billionaire Investor Invoice Ackman Has 100% of His $10 Billion Portfolio in Simply 9 Shares, However There Have been Seismic Modifications Throughout the Quarter

August 17, 2024
Ukrainian nuclear plant operating in emergency mode, state operator says

Ukrainian nuclear plant operating in emergency mode, state operator says

September 9, 2022
Kate Middleton Reveals Son Prince Louis’ Heartbreaking Reaction To Queen Elizabeth’s Passing

Kate Middleton Reveals Son Prince Louis’ Heartbreaking Reaction To Queen Elizabeth’s Passing

September 11, 2022
GCC: Attractive Fees, Underwhelming Performance (NYSEARCA:GCC)

GCC: Attractive Fees, Underwhelming Performance (NYSEARCA:GCC)

April 26, 2023
Right to Bank: ‘Mr President Cyril Ramaphosa, prioritise democracy’

Right to Bank: ‘Mr President Cyril Ramaphosa, prioritise democracy’

August 9, 2023
Deutsche Bank CEO Says a Recession is Inevitable – Investment Watch

Deutsche Bank CEO Says a Recession is Inevitable – Investment Watch

September 10, 2022
Inside JPMorgan’s new high-tech headquarters

Inside JPMorgan’s new high-tech headquarters

February 6, 2025
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