Sunshine May Be the Best Disinfectant, but Secrecy Promotes Settlement

Yesterday, the Boston Globe reported that Bausch & Lomb has settled 600 lawsuits (to the tune of $250 million or so to date) arising out of fungal infections that contact lens wearers allegedly contracted from using ReNu with MoistureLoc in 2006.

Redorbit reports that the company went private in 2007, so that it could pursue its  "growth path . . . without . . . outside distraction" (and, we surmise, handle the contact lens disinfectant recall and subsequent settlement of the personal injury lawsuits with minimal public attention).  Forbes.com has more coverage here.  

And, now, excuse us as we take out our contacts because our eyes are suddenly inexplicably itchy.