ATLANTA, May 27, 2015 /PRNewswire/ -- MT Services LLC, a Lawsuit Settlement News Reporting Company which operates lawsuitsettlementnews.com, reports today the most up-to-date news on major hip settlements by several manufacturers, including Stryker, DePuy, Wright, and BioMet. Several high settlements have been reached, however, certain litigations are still dragging on and waiting for a resolution.
- Stryker Corporation: Stryker Corporation has agreed to pay $1.43 billion to settle thousands of hip implant lawsuits filed against them. The settlement was announced November 3rd, 2014, both in the Bergen County courthouse before Superior Court Judge Brian Martinotti and in the U.S. District Court in St. Paul, Minnesota (Stryker Rejuvenate and ABG II Hip Implant Products Liability Litigation, MDL No. 2441). Settlement awards are expected to be in amounts of $10K to $600K, depending on the severity of the complications.
- Biomet: Biomet reached a $56 million settlement in February of 2014 relating to its BioMet M2a 38 or M2a Magnum hip replacement system. Settlement awards averaged approximately $200K per case that involved revision surgery. The multidistrict litigation took place in the U.S. District Court for the Northern District of Indiana (MDL No. 2391).
- Johnson & Johnson/DePuy ASR and Pinnacle Hips: In late 2013, Johnson & Johnson's DePuy hip division reached the largest product liability lawsuit settlement in U.S. history. The company agreed to settle approximately 7K hip lawsuits at about $250K per case. The cases were consolidated into multidistrict litigation in the U.S. District Court for the Northern District of Ohio under Judge David A. Katz (MDL No. 2197). According to Bloomberg News, when all is said and done in the ASR litigation, it could cost DePuy close to $4 billion. However, there are still approximately 25% of pending cases, allowing time for more ASR claims to be filed. Pinnacle hip cases remain unresolved, and there are more than 6,500 claims pending in the U.S. District Court for the Northern District of Texas under Judge Ed Kinkeade (DePuy Orthopaedics Inc. Pinnacle Hip Implant Product Liability Litigation, MDL No. 2244). Bellwether trials will be taking place this year.
Wright Medical Technology, Inc.: Approximately 800 claims had already been filed by 2014 relating to Wright Medical Technology, Inc.'s Conserve and Profemur hip replacements. According to Drug Watch, more than 70 cases were pending in a multidistrict litigation in the U.S. District Court in the Northern District of Georgia (MDL No. 2329). Bellwether trials are set to begin in 2015.
Chris Janish, CEO of MTS, commented on the recent settlements, "As more and more of the metal-on-metal hip manufacturers have settled their cases, the time to file a claim becomes much shorter for the injured party. We are urging any possible plaintiffs who think they may have a claim not to wait any longer to contact us so that we can put you in touch with a top hip recall lawyer to freely evaluate your case. If you wait too long, it is possible that your claim will not be allowed, or time barred."
MTS is ready to assist potential plaintiffs who need lawsuit help with finding a qualified hip law firm or hip recall lawyer to provide a free evaluation on their specific case. Patients who have had an implant of a metal-on-metal hip and have been experiencing pain, high chromium and cobalt levels (known as metallosis), and/or need a revision surgery could be in-line to receive up to $250-300K in compensation or more. To learn more about MTS' services involving the Stryker hip litigation or other hip litigations, including DePuy, Pinnacle, Wright Profemur or Conserve hip implants, or Biomet hips, please visit: http://www.lawsuitsettlementnews.com/hip-implant-lawsuits
If you already have an attorney and have filed a hip lawsuit and need a law cash advance, not to be confused with a lawsuit loan or pre-settlement loan, Lawsuit Settlement News is here to assist you. Injured parties from hip implant device complications can apply for up to $50K in pre-settlement or settlement lawsuit funding. For a full list of the services that the company provides for patients suffering from a hip recall product, visit: http://www.lawsuitsettlementnews.com/about-our-products-and-services.
If you, or a loved one, have dealt with complications or injuries from a hip implant and need lawsuit money or lawsuit help, including finding a hip lawyer or hip law firm, call 877.571.0405.
You may also fill out a quick application online at: www.lawsuitsettlementnews.com and an agent will contact you shortly.
Disclaimer: MT Services LLC, operator of Lawsuitsettlementnews.com, is not a law firm and cannot provide legal advice on your case; however, MTS works with lawyers involved in mass tort litigations who are willing to provide a free legal consultation at the consumer's request. For a list of full disclosures please visit the company's website disclosure page.
Chris Janish, CEO
SOURCE MT Services LLC