Pelvic Mesh Defendant Has Negative Worth, Class Settlement Parties Tell Judge

(September 20, 2016, 1:15 PM EDT) -- LOS ANGELES — Parties to a proposed $12.25 million limited-fund, mandatory class settlement for pelvic mesh injury claims against Caldera Medical Inc. on Sept. 19 told a California federal judge that after a court-ordered analysis of the company’s liquidation value, it has a negative liquidation value and can contribute nothing more to the settlement (Federal Insurance Company v. Caldera Medical, Inc., et al., No. 15-393, C.D. Calif.)....