Cooper Companies records $271.6M charge for embryo culture media recall settlements

Filed June 4, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• high

  CooperSurgical recorded a $271.6 million net charge ($324.1M in liabilities minus $52.5M expected insurance recoveries) to settle litigation from a December 2023 voluntary recall of embryo culture media affecting over 1,500 claimants across 140+ lawsuits.

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• high

  Settlement agreements now cover over 95% of claimants who alleged embryo loss or reduced viability from three recalled lots of LifeGlobal embryo culture media. Most payments expected during fiscal 2026.

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• medium

  Starting mid-March 2026, procedural acceleration of cases, additional claimant data, updated damage valuations, and significantly higher projected defense costs prompted management to reassess exposure and conclude a loss was probable.

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