12/21/2012 Yaz Birth Control Lawsuit: After reviewing the most recent stock holder report from Bayer, we found very little mention of the effect that Yaz Lawsuit settlements have had or will have on the company. Although Bayer has already paid out a significant amount of money to settle Yaz Lawsuits, the company paid a healthy dividend to investors and the overall profitability of Bayer does not seem to have been effected to any great extent. More Yaz Lawsuits are still being filed. If you were among those who suffered a blood clot related injury while taking Yaz, contact us today to arrange a free consultation with a Yaz Lawyer.
Yaz Lawsuit Settlement Reports
Bayer announced that it would be settling Yaz Lawsuits earlier this year in a news release directed at stock holders and stock analyst. Bayer has periodically released other information about the average cost of settling Yaz Lawsuit has been to date, although the information has not been comprehensive and of course is not final.
Yaz Lawsuit Cases are still being filed
There are still a large number of Yaz Lawsuits outstanding and more Yaz Lawsuit cases continue to be filed. Although Bayer’s decision to settle Yaz Lawsuits is most likely in the best interest of Bayer Stockholders, those injured by Yaz still have to live with the consequences of Bayer’s defective product. It is to Bayer’s credit that they are settling Yaz Lawsuit cases without forcing those who have been injured by Yaz to endure a trial and wait to be compensated for their injuries.
Yaz Class Action Lawsuit
The Yaz Multidistrict Litigation, often referred to as the Yaz Class Action Lawsuit is still ongoing. The decision on the part of Bayer to offer Yaz Lawsuit settlements did not stop the Yaz Lawsuit Multidistrict Litigation ongoing in Federal Court. Any individual lawsuit is not likely to be dismissed by the plaintiffs until a settlement is actually reached with Bayer. The process of settling the massive volume of Yaz Lawsuits Bayer currently faces is no small task and it will take time for lawyers working for Bayer to sit down with each Law Firm representing those injured by Yaz to go over their case filed and settle their cases.
How Yaz Lawsuit Settlement Amounts are determined
Although the specifics of how Bayer determines what to offer in settlement on any given Yaz Lawsuit is proprietary information, there is a general method for mass settlement efforts such as the one ongoing the Yaz Lawsuit. Generally a settlement matrix is developed. The settlement matrix will take numerous factors into consideration. Some of the factors that will be considered are the amount of medical bills a plaintiff has incurred as a result of their injuries, lost wages as well as future potential expenses related to the injuries sustained by the plaintiffs. Most of the factors stem from the extent of the injury suffered by the plaintiff.
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