Class 7 – Silicone Gel Material Claims

Approximately 15,065 claimants in Class 7 – Silicone Gel Material Claims – have been approved for either an Expedited Release Payment ($600) or a Disease Cash-Out Offer ($3,000). Total payments to date from the Class 7 Fund are approximately $21.2 million. The total fund is $57.5 million NPV. The Settlement Facility continues to review Proof of Manufacturer claims in Class 7 and expects to complete all Proof of Manufacturer reviews within the next few months and they will begin to process Class 7 disease claims after that. We are doing everything we can to urge the Settlement Facility to expedite the Class 7 Proof of Manufacturer reviews. As Proof of Manufacturer (POM) claims are approved, the Settlement Facility will send either the Class 7 Expedited Release Payment to eligible claimants who selected this option or a Disease Cash-Out Offer to claimants who selected the disease review. There are approximately 127 Proof of Manufacturer files pending review, and 238 Disease claims pending review, mostly in Disease Option 1.

There is a number of pending appeals before the Claims Administrator and Appeals Judge regarding the marshaling requirement for certain Class 7 claimants.  No decision has been made on these appeals.  We will update you on this as soon as the information is available.