Product Liability Update:
Bloomberg is reporting that, according to its sources, Johnson and Johnson may pay more than $250 million to resolve unsettled claims brought by victims of its DePuy ASR metal-on-metal hip implant which was recalled in August 2010. Johnson & Johnson previously agreed to a $2.5 billion settlement of similar claims last year, but that settlement excluded persons who had revision hip surgeries after the August 2013 deadline that was established under the terms of that agreement. If it moves forward, this "second wave" of settlements would reportedly cover more than 1,000 more lawsuits. It is unknown was the exact terms of this new settlement agreement would mean for individual cases, although it seems likely that it would be similar to the first settlement, pursuant to which DePuy and Johnson and Johnson agreed to pay an average settlement of $250,000 per victim.
To read the full Bloomberg article, click here.
Dreyer Boyajian LLP is a regional leader in product liability/mass tort litigation in Upstate New York, and represents several persons who have been injured as a consequence of metal-on-metal prosthetic devices including DePuy ASR, DePuy Pinnacle, Stryker, and Biomet hips. To read more about our product liability practice, click this link. If you have suffered injury or financial damage because of a problem with a metal-on-metal hip, it is important that you speak to an attorney to protect your rights. Contact our offices today for a free consultation.