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canada goose deals PARIS (Reuters) Signs of legal problems and financial losses surrounding the French breast implant manufacturer at the heart of a scandal affecting hundreds of thousands of women worldwide canada goose factory sale can be traced back as far back as 2003, regulatory filings show. canada goose deals
canada goose store France Poly Implant Prothese (PIP) shut its doors in canada goose coats on sale 2010 after declaring bankruptcy but financial documents filed by its Delaware based holding company, Heritage Worldwide Inc., suggest the firm had been in disarray for years amid legal action and rising debt woes. Securities and Exchange Commission showed that Heritage, a shell company controlled by the founder of PIP, had been swinging cheap Canada Goose in and out of losses and facing multiple lawsuits from women around the world who had experienced health problems following their implants. canada goose store
Canada Goose online Heritage acquired PIP in 2003 and held over 90 percent of its stock, but it in turn was 79 percent controlled by PIP founder Jean Claude Mas, who has dropped out of sight since the company shut its doors Canada Goose Coats On Sale in 2010. state management friendly laws. Canada Goose online
Canada Goose Outlet A final quarterly report filed in February 2009 showed that Heritage was searching for loans to repay its debt and sustain its operations. Canada Goose Outlet
canada goose clearance sale are no assurances that the company will have Canada Goose Outlet sufficient funds to execute its business plan, pay its obligations as canadian goose jacket they come due or generate positive operating results, Heritage said in the February 2009 filing. canada goose clearance sale
Its final annual report for 2008 warned that liability claims from angry clients could force it out of business.
canada goose coats breast implant manufacturers that suffered such claims in the past have been forced to cease operations or even to declare bankrupt, the company wrote. canada goose coats
cheap Canada Goose By March 2010, the doors of PIP were shut. cheap Canada Goose
canada goose coats on sale The lawyer for PIP, which is still in liquidation, Canada Goose Jackets told Reuters that neither the company nor Mas would comment on the matter. uk canada goose outlet Yves Haddad said silence canada goose coats was out of and discretion. canada goose coats on sale
Attempts to contact representatives from Heritage were unsuccessful. The company does not appear to still exist, with its trading symbol showing a canada goose uk black friday year high of 0.049 cents in July.
canada goose clearance WORLDWIDE LAWSUITS Today PIP, which sold its products in some 65 countries and for a time was the third largest maker of breast implants, is at the heart of an international health scare. The French government on Friday urged 30,000 women in France to seek removal of Canada Goose Online the defective implants made by the company. canada goose clearance
canada goose black friday sale As many as Canada Goose Parka 300,000 women worldwide may have received PIP implants, which were exported to Latin American countries such as Brazil and Argentina, and Western European markets such as Britain, Germany, Spain and Italy. canada goose black friday sale
buy canada goose jacket France health safety regulator has canada goose uk outlet said that some of PIP implants were filled with sub standard silicone, a cheaper industrial grade that the agency had not approved. buy canada goose jacket
In the SEC filings, Heritage disclosed that it canada goose store was sued in both Nottingham and London in 2006 by plaintiffs alleging that the envelope surrounding their implants were resistant enough and could cause buy canada goose jacket cheap pain and inflammation when they leak.
Those courts later ordered PIP to pay $2.3 million in damages, a sum it said it could not afford.
Canada canada goose bomber Goose Parka American plaintiffs also had sued the company or its PIP subsidiary, according to the filings. Heritage disclosed in 2003 that it had received notice of claims to failures or defects from at least 600 patients in the United States, in connection with sales of breast implant products from canada goose 1996 to May 2000. and Canada. state and federal courts. Several cases were voluntarily dismissed after undisclosed settlements with the company. Some cases were withdrawn following PIP bankruptcy. Canada Goose Parka
canada goose It does not appear that any cases went to trial. canada goose
One complaint filed canada goose clearance in federal court in Houston includes a warning letter to PIP from the Food and Drug Administration, listing pages of violations discovered during an inspection of a facility in La Seyne, Sur Mer, in France.
buy canada goose jacket cheap The warning letter cited the firm failure to investigate the canada goose black friday sale deflation of its implants and a failure to report more than 100 complaints in France canada goose uk shop and elsewhere to the Canada Goose online FDA. buy canada goose jacket cheap
Canada Goose sale Heritage Canada Goose sale traces its history to a St. Louis company called Summit Productions cheap canada goose uk Inc that formed in 1983 to produce gospel records, according to SEC filings. The company was an inactive shell that went through name and ownership changes until it became PIP holding company in a reverse merger in 2003. Canada Goose sale
Despite its legal problems, Heritage description of its products and business plan appeared rosy. Heritage said PIP produced many varieties of implants meet customers preferences and needs and it cited its quality control standards and certifications. It cited plans for subsidiaries in Germany, the Netherlands and Belgium to market directly to surgeons.
Heritage uk canada goose final quarterly report filed in February 2009 showed a net loss of $1.25 million for the six months ending December 31, buy canada goose jacket 2008. The full year loss was $5.1 million.
Canada Goose Jackets The company earned revenues of $1.2 million within France during that six month period, and $6.2 million canada goose clearance sale outside the country. Annual revenues in 2008 were $17 million Canada Goose Jackets.