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Article: Dow Corning Revises Plan To Settle; Former Implant Maker Offers $2.4 Billion
- Article from:
- The Washington Post
- Article date:
- August 26, 1997
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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In a shift from its combative stance of a few months ago,
former silicone breast implant maker Dow Corning Corp. increased its
settlement offer yesterday to women claiming injury from its
products.
In a court filing for the company's $3.7 billion plan to
emerge from bankruptcy court protection, Dow Corning offered to set
aside $2.4 billion to resolve claims from 200,000 women worldwide.
The rest of the money would go to claims of commercial creditors.
Lawyers representing hundreds of women suing Dow Corning said
the latest offer still isn't enough and reflects some recent court
defeats for breast implant manufacturers.
Dow Corning, a Midland, Mich.-based company in which Dow ...