Granuflo and NaturaLyte Dialysis Lawsuit Funding
Legal-Bay LLC, The Lawsuit Settlement Funding Company, is an industry leader in providing lawsuit pre-settlement and settlement funding to those who have been severely injured by the use of GranuFlo and NaturaLyte dialysis products. Legal-Bay is providing large lawsuit cash advances for victims (or their loved ones) who have suffered serious cardiovascular injuries.
FDA Recall of GranuFlo and NaturaLyte Products
In March of 2012, The U.S. Food and Drug Administration issued a recall of GranuFlo and NaturaLyte products, which the FDA has now declared as a Class I Recall.
A Class I Recall is the most serious type of recall for products which indicates that “there is a reasonable probability that the use of or exposure to a violating product will cause serious adverse health consequences or death.” As a result of the recall, Fresenius Medical Care voluntarily changed the labels on its GranuFlo and NaturaLyte products. However, the recall has not removed the dangerous products from the market and many risk factors still exist.
Serious side effects include the following:
- Heart attack
- Cardiopulmonary arrest
- Cardiovascular death
GranuFlo and NaturaLyte Lawsuits
GranuFlo and NaturaLyte are chemical dialysis products which are used in dialysis machines for the purpose of helping to clean the blood of the patient with kidney malfunctions. The products are designed to prevent dangerous acid buildup in the kidneys; however, recent lawsuits claim that these ingredients may also increase the patient’s risk of having cardiac arrest and/or various cardiovascular problems.
According to Drug Watch, over 1,800 cases against Fresenius Medical Care Inc. have been consolidated into multidistrict litigation (MDL) under U.S. District Judge Douglas P. Woodlock in the District of Massachusetts (In re: Fresenius GranuFlo/NaturaLyte Dialysate Litigation, MDL No. 2428).
Fresenius Medical Care Reaches $250MM GranuFlo Settlement
In February of 2016, Fresenius Medical Care reached a $250 million agreement in principle to settle claims against them over their dialysis drugs, GranuFlo and NaturaLyte. According to sources, the settlement amount will be $250 million providing that 97% of the plaintiffs agree to the terms of the deal by July of 2016, and the funding will be provided in August of 2016.
According to the Fresenius site, they’ve stated that “Insurers will fund the settlement amount with $220 million,” and therefore, “the company expects a pre-tax charge of $60 million from the settlement and other costs to finalize this matter.”
Granuflo Financial and Lawsuit Help from Legal-Bay
If you have already hired a GranuFlo law firm or GranuFlo lawyer and need a pre-settlement or settlement cash advance while your case drags on, or you need surgical funding cash needs, feel free to contact Legal-Bay by filling out the application on the upper left hand side of this page, or by calling our toll-free hotline at: 877.571.0405, where live agents are standing by right now to answer any questions you may have. Legal-Bay is accepting applications of up to $50K in funding on GranuFlo lawsuits.
Legal experts still anticipate that patients who have contracted bladder cancer, without any other risk factors – such as smoking – could have average case settlement values north of $250K.
Legal-Bay can also assist you with obtaining a free legal consultation if you are unsure whether or not you or a family member may have a potential lawsuit claim over the GranuFlo or NaturaLyte products. Feel free to contact Legal-Bay right now by filling out our pre-application on the left hand side of this page or by calling our toll-free hotline at: 877.571.0405.