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Business Update
Dow Corning emerges from bankruptcy
June 26th, 2004
Dow Corning Corp. emerged June 1, 2004, after nearly a decade of bankruptcy protection related to thousands of silicone breast implant liability lawsuits. As a result, people who claim silicone implants have caused them health problems will begin receiving payments from a $2.35 billion fund that Dow Corning has set aside. About 170,000 women who received breast implants have filed claims, as well as about 75,000 claimants with other kinds of silicone implants, including joint and facial implants. At least 180 of the women are from Washington state and filed claims ranging from $2,000 to $300,000, said Shelley Smith, a lawyer with...
Source: Law & Health Weekly (2004-06-26)
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