Breast Implant Ligitation – (1994) $4.25 billion
Written by Andrew Sarski on June 8, 2012
After years of litigation involving possible autoimmune disease side effects of silicone breast implants, four major breast implant manufacturers agreed to pay $4.25 billion to settle class action litigation. The terms of the settlement dictated that $1 billion would go to attorneys fees, $1.2 billion would go to women claiming current implant-related side effects, and the rest would go to women with breast implants who became ill over the next 30 years. The suit involved 3M, Corning, Baxter and Bristol-Meyers Squibb/MEC, and, at the time, the action represented the largest class action suit in history.