Earlier this month, Bayer AG designated $1.5 billion for litigation related to its Yasmin and Yaz contraceptive pills, and now it looks like the company will be dipping into that fund. On Friday, Bayer agreed to pay $24 million to settle claims from plaintiffs in Illinois, California, New Jersey and Pennsylvania that Yasmin and Yaz caused them to suffer gallbladder injuries.
Under the deal, plaintiffs whose gallbladders were injured will receive $2,000, and plaintiffs whose gallbladders were removed will receive $3,000. The settlement is capped at $24 million, however, so depending on how many people file claims, the payments may be lower. The terms of the agreement also allow Bayer to walk away if fewer than 90 percent of eligible individuals opt into the settlement.