Bayer Continues to Settle Yaz and Yasmin Claims and Increases Its Reserve for More Settlements

Ennis & Ennis, PA Provides an Update on Yaz and Yasmin Settlements
 
Aug. 3, 2012 - PRLog -- Bayer announced that as of July 19, 2012, it had reached agreements to settle almost 1,900 Yaz and/or Yasmin blood clot claims for a total of about $402.6 million.  [1]  This is a significant increase from the 500 lawsuits that had been settled several months ago for approximately $110 million.  Additionally, Bayer has more than doubled its reserve for these type claims, setting aside approximately $610.5 million, reports Bloomberg. [2]  “The settlements of these claims have really gained momentum, so progress is being made,” commented attorney Holly Ennis of Ennis & Ennis, P.A.

In 2011, Bayer’s contraceptives generated $1.1 billion in sales making them one of Bayer’s biggest-selling drugs, according to Bloomberg.  [2]   According to a Bayer spokesman, the $610.5 million Bayer set aside is to pay the company’s costs beyond what insurance will cover for legal fees and accords, including cases that haven’t settled, reports Bloomberg. “These settlements are a drop in the bucket for Bayer when you look at its overall sales,” commented Ennis.  

Ennis & Ennis P.A. continues to offer free, nationwide, confidential consultations for women who have suffered heart attack, stroke, deep vein thrombosis or pulmonary embolism while taking Yaz or Yasmin by calling toll free 1-800-856-6405 or by going to www.ennislaw.com and completing an online case evaluation form.

Ennis & Ennis, P.A. is a nationwide law firm with offices in Ft. Lauderdale, Miami and Washington D.C. that concentrates its practice in mass torts and represents individuals against pharmaceutical companies and medical device makers.

Ennis & Ennis, P.A. has been representing clients individually since 1986 and has recovered over $100 million in settlements for its clients.

Ennis & Ennis, P.A. is also investigating cases involving Accutane, Actos, Avandia, Fosamax, Pradaxa, Plavix, Paxil/birth defect, Zoloft/birth defect, Prozac, Multaq, Depuy Hip Recall, Wright Conserve Hip Devices, Wright Profemur Hip Devices, Zimmer Hip Recall, all Metal-on-Metal Hip Implants, Depakote, Reglan, SJS/Dilantin, Yaz, Yasmin, Ocella Birth Control Pills, and Medtronic Infuse Bone Graft, Granuflo Dialysis, and Transvaginal Mesh Devices.

Remember the law limits the time in which you can file a claim, so don't wait to explore your legal rights.  Call today toll free 1-800-856-6405 or visit www.ennislaw.com.



[1] http://www.stockholders-newsletter-q2-2012.bayer.com/en/b...
[2] http://www.bloomberg.com/news/2012-07-31/bayer-s-yasmin-l...
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