A federal judge in California recently entered an order approving a $12.3 million settlement involving Caldera Medical\u2019s transvaginal mesh product and associated insurance claims. According to the terms of the settlement, Caldera\u2019s insurance company will provide $10.6 million in payments to nearly 3,000 members of the class, in addition to over $600,000 in payment for attorney\u2019s fees and costs associated with the lawsuit.<\/p>\n
The judge issued the order despite 36 objectors who wanted the court to order an independent audit. The objectors argued that there was not enough evidence regarding whether the payment would be larger if the company, based in Agoura Hills, CA, went through a liquidation.<\/p>\n
Regarding the mesh product, Caldera\u2019s Vertessa Lite mesh was made of polypropylene mesh and used repair pelvic organ prolapse. Some reports estimate that as many as 40 percent of women experience some type of prolapse and that as many as 250,000 surgical procedures are performed to address this condition each year. When marketing the product, Caldera claimed that it was 31 percent stronger than other comparable mesh products on the market, lighter, and that it featured stronger suture pull-out strength.<\/p>\n