Cybex Reaches $19.5m Settlement in Product Liability Case

Last week, premium exercise equipment manufacturer Cybex International agreed to pay $19.5m to a Cheektowaga woman, who was injured by a piece of Cybex equipment when she improperly used a leg machine to stretch her shoulder in October 2004. The settlement was reduced from the $66m originally awarded in the case, considered by many to be a record in Western New York personal injury cases. The settlement is also down from the $44m awarded by the appellate division in November 2011. But even the $44m was expected by many analysts to bankrupt Cybex, which had $4m in liability insurance.

While the reduced settlement may allow Cybex to continue to operate and let its workers keep their jobs, the fact remains that it took the very real prospect of bankrupting another American manufacturer to bring the settlement down. And the cost of this lawsuit extends far beyond Cybex ...

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