13 Nov $4 Billion Settlement Reached in DePuy Hip Implant Lawsuits
Johnson & Johnson, the manufacturer of the DePuy hip implant, will reportedly pay upwards of $4 billion to settle more than 7,500 lawsuits that have been filed against the company in state and federal courts. While this settlement offer has not officially been announced, with reports of this massive settlement being leaked by individuals connected with the deal, the formal announcement is expected to take place sometime next week in a federal court in Toledo, Ohio.
Upon the formal announcement, a federal judge will have to approve the deal, and at least 94 percent of the plaintiffs in these cases will have to agree to the settlement – otherwise, Johnson & Johnson could pull the offer from the table. If the settlement offer is pulled, then all of the cases would likely proceed to trial (unless another deal is struck prior to trial).
According to sources, who have opted to remain anonymous given that the formal announcement has yet to take place, the plaintiffs in these lawsuits who agree to the settlement will receive, on average, about $300,000 to compensate them for the costs of replacement surgeries and other treatments necessary to deal with the DePuy hip implant failures. The specific DePuy settlement that will be awarded to each plaintiff will depend on the extent and severity of his or her injuries.
2010 DePuy Hip Implant Recall
In 2010, Johnson & Johnson officially recalled its DePuy hip replacement systems due to an exceeding number of reports regarding the fact that these devices would fail within five years of implantation. In the U.S., this recall affected approximately 37,000 individuals. As part of this recall, Johnson & Johnson has reportedly already spent more than $993 million informing medical professionals about the recall, getting the devices back from distributors, paying for replacement surgeries, etc.
Phoenix Personal Injury Lawyers
You have a choice in the lawyer you hire to handle your claim, and the choice you make can affect the compensation you receive. Make sure that your lawyer has the ability and experience to handle your case. If you have suffered complications due to a DePuy hip implant, the Phoenix personal injury lawyers at the Law Office of Richard Langerman will fight to help you obtain the maximum possible compensation you deserve to cover your pain and suffering, lost wages, and medical bills.
For more than 25 years, our attorneys have been representing clients and aggressively defending their rights both inside and outside of the courtroom against defense attorneys, corporate lawyers and insurance company agents alike. In addition to having extensive experience handling motor vehicle accident lawsuits, our attorneys are also skilled at overseeing product liability cases, insurance bad faith cases and various other types of personal injury cases.
Our lawyers have a reputation for consistently and successfully protecting our clients’ rights and interests to ensure that they obtain the compensation they deserve. Because we accept cases on a contingency basis, you will pay no attorney fees unless we recover financial compensation for you. To learn more about your legal rights and receive a free initial consult, contact us today by calling (602) 240-5525.