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Pelvic Mesh Maker Orders Liquidation Value Estimate In Bid To Save Settlement

Mealey's (August 1, 2016, 11:10 AM EDT) -- LOS ANGELES — Pelvic mesh maker Caldera Medical Inc. on July 28 told a California federal court judge that it has hired an expert to analyze its potential liquidated value after the court on July 25 disapproved a $20 million class settlement (Federal Insurance Company v. Caldera Medical, Inc., et al., No. 15-393, C.D. Calif.).

(Stipulation available. Document #28-160804-004X.)

U.S. Judge Stephen V. Wilson of the Central District of California denied approval of the settlement because it contained an estimated claims fund value in contradiction to...
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