Bloomberg Reports Johnson & Johnson Considering $3 Billion Hip Implant Settlement
The DePuy hip implant injury attorneys at Farah & Farah have learned that Johnson & Johnson (J&J) has discussed paying out more than $3 billion dollars to settle some 11,500 lawsuits over its recalled hip implants. Bloomberg News reported that the reported payout of $300,000 per case is some 50 percent larger than the company had discussed previously.
A spokeswoman for DePuy, the J&J unit that manufactured the defective hip replacements in question, stated “reports about a possible resolution of the litigation are premature and speculative.” However, Bloomberg claims that it gleaned its information concerning the settlement discussions after talking to five people who are very close to the matter.
An attorney who is not involved in the case told Bloomberg that watching any settlement proceedings would be fascinating given the money that might be involved and the complexity of the injuries suffered by victims of the defective implants. Seven ASR hip-implant trials are slated to go to trial between September and January. One of those trials is set to take place in West Palm Beach, Florida in November.
The outcomes of those trials would affect any agreement that may be reached, according to sources quoted by Bloomberg.
In 2010 J&J’s DePuy unit recalled 93,000 hip-implants worldwide. That included 37,000 in the United States. The company recalled the implants after it was discovered that more than 12 percent failed within five years.
Plaintiffs have accused DePuy of failure to adequately test the implants before putting them on the market, failure to warn and knowingly manufacturing defective hip implants. Injury victims have claimed the defective implants led to blood poisoning, pain, infection and the need for revision surgeries.
The law firm of Farah & Farah will be keeping tabs on this story as it develops. If you believe you have been injured due to a defective metal-on-metal hip implant, we would like to discuss your legal options with you. We can be reached online of simply pick up the telephone and call us at (800) 533-3555 for a free, no-obligation consultation.
