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.).

(Class certification motion available. Document #28-161006-005M.)

Caldera makes transvaginal mesh (TVM) products, commonly known as pelvic mesh. The devices...
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