Navient Lawsuit Update Transvaginal Mesh Lawsuit News In regards to the Endo settlement of quite $830 million, a news outlet recently picked up a story from a doctor who doesn’t think that the settlement is worthwhile . A physician based in Dallas went on […]
Navient Lawsuit Update Transvaginal Mesh Lawsuit News
In regards to the Endo settlement of quite $830 million, a news outlet recently picked up a story from a doctor who doesn’t think that the settlement is worthwhile . A physician based in Dallas went on the record stating that the 20,000 plaintiffs which will receive approximately $40,000 each for his or her damages aren’t receiving enough compensation.
Dr. Shezad Malik states that these women weren’t warned of the possible side effects related to mesh, which caused them to measure with severe pain and suffering since their implant surgery. This pain and suffering includes pain during sex to vaginal scarring and bleeding. His thought is that the FDA should take responsibility for allowing the merchandise to be sold to women albeit it had been never subject to clinical trials. The FDA allowed the merchandise to become an approved product through the 510(k) process, which doesn’t require that manufacturers use clinical trials to ascertain whether or not the merchandise is safe to be used .
Both the medical device companies and therefore the FDA did not do their job in warning women about the potential issues related to the transvaginal mesh implant, and this has caused them to endure severe pain and years of litigation that may not well worth the compensation they’re receiving from Endo. With quite 50,000 federal lawsuits currently active against the transvaginal mesh manufacturers, women are confident they’re going to win as most of the hearings are in favor of the plaintiffs.
Navient Lawsuit Updates: A Look Back at 2020
If you have a student loan, there is a high chance that you already know Navient. In 2014, Sallie Mae divided its operations into two different entities, Sallie Mae Bank and Navient. By serving more than 12 million borrowers, Navient is servicing and collecting debt from almost one-fourth of all debtors in the U.S. Unfortunately, such significant control over debt collection comes at a cost. Navient frequently faces lawsuits as class-actions or from organizations like the Consumer Financial Protection Bureau. This guide will present 2020 Navient lawsuit updates with detailed background information. Besides, we will discuss the options borrowers have to avoid such legal hassles and get rid of the debt efficiently.
Navient vs. American Teachers Federation- Settled (May 2020)
As Navient serves more than 10 million students, any Navient lawsuit update creates a huge excitement among the borrowers. In May 2020, it was announced that Navient agreed to a settlement with the American Federation of Teachers. This federation is the second-largest union of teachers in the U.S. The lawsuit among these parties started back in October 2018. The federation sued Navient, claiming that the loan servicer misled debtors. Instead of informing the borrowers about financial assistance programs like the Public Service Loan Forgiveness, the loan servicer recommended repayment plans or forbearance programs. It should be clarified that the PSLF is a forgiveness program that eliminates the debt after the borrower makes 120 eligible, successful payments. As a result of Navient’s misdirection, many borrowers did not benefit from the forgiveness program, and they lost their chances for collecting points from their previous qualifying payment.