Hip Replacement Recall Lawsuit Settlement
Hip Implant Lawsuit: Johnson & Johnson Reportedly Offers $4 Billion Payment
On November 13, a report on Bloomberg claimed that Johnson & Johnson has struck a deal of $4 billion to settle thousands of DePuy hip implant lawsuits. It roughly translates into about $350,000 payment per litigant. Though there is no official word from the company or its subsidiary DePuy Orthopaedics, settlement details are likely to be announced next week, according to two lawyers privy to the settlement.
The settlement, according to sources, will cover 7,000 to 8,000 litigants who had to undergo revision or replacement surgeries following the failure of DePuy ASR hip implants. The tentative deal is expected to leave those litigants who are yet to replace the DePuy systems despite suffering from adverse effects. Johnson & Johnson faces over 12,000 hip implant lawsuits filed over ASR and Pinnacle brand hip replacement devices. This is going to create space for future litigations and the manufacturer will be forced to pay those removing DePuy’s implanted hip devices.
Though each litigant, on an average, is expected to be awarded $350,000, the final settled amount