$2.5-Billion Trust Approved to Handle Dalkon Shield Suits
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RICHMOND, Va. — A. H. Robins Co. stockholders and Dalkon Shield claimants have overwhelmingly voted in favor of a reorganization plan that sets up a $2.5-billion trust fund to settle lawsuits over the birth-control device, a Robins lawyer told federal judges today.
Attorney Dennis Drebsky said 98% of the Dalkon Shield claimants approved the plan, which includes a $3.2-billion buyout agreement with American Home Products Corp.
Robins was driven into Chapter 11 bankruptcy proceedings by hundreds of thousands of claims filed by women who said they suffered infections, spontaneous abortions and other injuries from the use of the Dalkon Shield intrauterine device.
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