Dalkon Shield fund plans $1 billion surplus payout:
This article was originally published in Clinica
Executive Summary
With only 6,000 claims still pending, the Dalkon Shield Claimants Trust is projecting a surplus of $1,000 million, which it intends to share among the 49,176 women whose claims for injuries from the contraceptive device have already been settled. The trust was set up in 1989 to resolve 192,000 claims from women believed to have suffered pelvic infections and damage to reproductive organs after using the IUD. Manufacturer AH Robins was sold to American Home Products the same year following bankruptcy court reorganisation.