Yasmin and Yaz Investors File Lawsuit
October 13th, 2009. By janem
Not only is Bayer likely going to shell out millions of dollars in lawsuits filed by Yasmin and Yaz victims, now its investors are bailing.
It’s bad enough that anyone could suffer serious side effects from Yasmin or Yaz, a drug they thought was harmless, a drug used by thousands and thousands of women to prevent pregnancy. Imagine how furious you would be, knowing that so many women have suffered from this birth control pill, and that you bought into it?
On October 13, yet another lawsuit was filed against Bayer, the maker of Yasmin and Yaz, claiming the company concealed Yasmin and Yaz side effects to boost sales. Bayer has been accused of misleading investors-in this case, two pension funds for firefighters and city employees in Pennsylvania–about the value of the company by concealing the drug’s increased risks of blood clots, strokes, heart attacks, gallbladder disease, pulmonary embolisms and deep vein thrombosis (DVT). By hiding the risks of side effects, the company allegedly defrauded investors by falsely estimating the value of the pharmaceutical company and its birth control products.
According to a report by Bloomberg News, there are currently at least 300 Yaz lawsuits or Yasmin lawsuits pending in state or federal courts throughout the US; at least 200 lawsuits over Yaz or Yasmin are consolidated in a federal MDL that is centralized in the Southern District of Illinois; and another 50 cases are consolidated in Pennsylvania state court in Philadelphia.
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i was just wonderin my 15 yr old daughter has been takin yasmin for about 8 months now,should i make her stop right away???from what i am readin doesnt sound very good,,,,,,
Hi Kim,
Thank you for your question regarding Yasmin. I cannot advise you on whether or not your daughter should be continuing to use Yasmin–that is really a question that only you and her doctor can answer. However, as a mother of a daughter, and being aware of all the news surrounding the adverse side effects of taking Yasmin or Yaz (and the generic version called Ocella), I would not personally have my daughter using it. There are too many instances of adverse effects and too many lawsuits pending for my liking. I’d suggest speaking with your daughter’s doctor and looking into alternatives. Let us know how you make out–Abi.