Becton Dickinson (NYSE:BDX) is reportedly expected to pay over $1B to settle claims related to the use of its mesh wire product to treat hernias. Citing sources familiar with the settlement, Bloomberg said that the medical products maker will pay in excess of $1B to settle more than 38K claims filed over the safety of the product.

Becton Dickinson has agreed to resolve nearly all U.S. lawsuits by people who say they were injured by its hernia repair mesh, about 38,000 cases, in an unusual settlement overseen jointly by state and federal courts,

Becton Dickinson & Co. has agreed to settle the “vast majority” of the thousands of lawsuits claiming hernia patients were harmed by improper surgical mesh made by units of the medical technology giant,