9 of the Medtech Firms with the Biggest Legal Bills

May 27, 2015

10 Slides

Product liability lawsuits can be a big burden on medical device companies. Occasionally, they can be disastrous financially.

For instance, Dow Corning filed for bankruptcy in 1995 based on hundreds of thousands of silicone breast implant claims. A decade before that, A.H. Robins was forced to file for bankruptcy while wrestling with lawsuits related to the Dalkon Shield intrauterine device (IUD).

The Dow Corning suit resulted in a $4.225 billion settlement, while the A.H. Robins case led to one worth $2.475 billion.

Lawsuits continue to be a major expense for many medical device companies, with the most recent culprits being transvaginal meshes, metal-on-metal hip implants, and off-label use of Medtronic’s Infuse bone graft product.

Here are nine medtech companies with some of the largest lawsuit expenses in their most recent fiscal years. Data is from a recent report from Standard & Poor’s Rating Services.

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