This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Postponement Of NuvaRing Litigation Opens Door For New Plaintiffs; RD Legal Funding Offers NuvaRing Plaintiffs And Attorneys Post-Settlement Financing

CRESSKILL, N.J., Jan. 11, 2013 /PRNewswire/ -- The trial date for over 1,000 NuvaRing lawsuits is being extended, feeding rumors that the vaginal ring contraceptive's manufacturer, Merck, may be ready to enter settlement negotiations. The lawsuits allege that NuvaRing caused serious side effects, including blood clots, deep vein thrombosis, pulmonary embolism, heart attacks, strokes, and wrongful death. The multidistrict litigation before Rodney W. Sippel of the U.S. District Court, Eastern District of Missouri, was originally set to go to trial in May 2013. The extension opens the window for more lawsuits to be filed. But even though a settlement might be closer, it will be months if not years before settlement amounts are established and disbursed. To relieve NuvaRing plaintiffs and attorneys' financial stress, RD Legal Funding, LLC ("RD Legal") is offering immediate lawsuit financing as soon as settlement amounts have been established.

(Logo: )

NuvaRing, the first vaginal hormonal contraceptive device, was developed by Organon BioSciences, the Dutch chemical giant Akzo-Nobel's human and animal health business. The flexible plastic ring releases a low dose of etonogestrel (synthetic progestin) and estrogen (ethinyl estradiol) over three weeks.
  • 2001: The FDA approved NuvaRing—which is marketed as a simpler and healthier alternative to a daily birth control pill—for use in the U.S.
  • 2007: Schering-Plough purchases Organon for $14.4 billion.
  • Beginning in May 2007: Complaints are filed in various jurisdictions asserting claims over the marketing and sale of NuvaRing .
  • November 2009: Schering Plough completes its $4.1 billion merger with Merck.
  • 2009: The British Medical Journal publishes two studies finding that women taking third- and fourth-generation progestins are almost twice as likely to develop blood clots as those taking second-generation oral contraceptives. First-generation birth control pills, developed in the 1960s, contained high levels of estrogen and carried a nine-fold increased risk of blood clots. Second-generation pills, developed in the 1970s, dramatically decreased blood-clot risks by combining lower doses of estrogen with the synthetic hormone progestin. NuvaRing contains a third-generation progestin, etonogestrel, which was developed to better control side effects like facial hair and acne.
  • 2010: More than 5.5 million NuvaRing prescriptions are written in the U.S. NuvaRing generates $559 million in international sales.
  • October 2011: An FDA-funded study finds that of 800,000 American women using some form of birth control between 2001 and 2008, NuvaRing users had a 56 percent increased risk of deep vein thrombosis and pulmonary embolism over women using second-generation birth control pills.
  • May 2012: A Danish study published in the British Medical Journal reports that NuvaRing users had a 6.5 times higher risk of developing a serious blood clot compared to women who did not use any form of hormonal birth control; and a 90 percent higher risk of experiencing a dangerous blood clot than women taking combined oral contraceptives containing older forms of female hormones.
  • 2012: NuvaRing's product information pamphlet claims that other studies have not shown any increased risk of blood clots in NuvaRing users over second-generation users.
  • Through the middle of 2012, the FDA receives 4,974 Adverse Event reports from NuvaRing users.
  • Today: Approximately 1.5 million women worldwide currently use NuvaRing which has not been recalled from the U.S. market.

For more information about post-settlement financing, NuvaRing plaintiffs and their attorneys should contact RD Legal at 1-800-565-5177 or go to Founded in 1997, RD Legal is one of the nation's leading providers of post-settlement lawsuit funding.


SOURCE RD Legal Funding, LLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs