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Bayer settles some Yasmin lawsuits for $402 million

Posted by Sarah Showard | Aug 22, 2012 | 0 Comments

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Bayer AG, maker of Yasmin birth control pills, has paid more than $402 million to settle nearly 1,900 lawsuits in the U.S., the company told stockholders. Bayer also reported that it has doubled its reserve to $610.5 million to settle future cases.

The settled lawsuits were filed over claims that Yasmin and Yaz contraceptives caused clots that could lead to heart attacks and strokes. The U.S. Food and Drug Administration ordered Bayer and other contraceptive manufacturers in April to update labels to warn consumers that the synthetic hormone drospirenone may triple the risk of blood clots.

More than 12,000 lawsuits were filed against Bayer because of Yasmin, Bloomberg News reported. The company has agreed to settle 1,877 cases that claim the drug caused clots in women's veins. One attorney involved in the lawsuits told Bloomberg that Bayer is refusing to settle other lawsuits that allege more serious injuries because the clots formed in the arteries.

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About the Author

Sarah Showard

Sarah Showard graduated from the University of Maryland in 1985, Magna Cum Laude with a Bachelor of Arts in English-Linguistics and a Certification in Womens Studies. She then graduated from New York University School of Law in 1988. Sarah began practice initially as an insurance defense attorne...

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