Navigation Links
CNJ Enterprises: DePuy ASR Hip Implant Recall Large Contributor to Johnson & Johnson's $2.9 Bil Charge for 4th Quarter 2011
Date:2/27/2012

NEW YORK, Feb. 27, 2012 /PRNewswire/ -- Investors of Johnson & Johnson thought the $912mm charge in the 4th quarter of 2010 was a large number for the DePuy ASR Hip litigation; however the recent 4th quarter charge of $2.9bil partly attributed, according to CNJ Enterprises, to the DePuy Recall is 3 times last year's amount. 

This has led many product liability experts to believe that the DePuy litigation could top Avandia as the top "class action" litigation for 2011.  Industry experts are pointing towards the Sulzer Hip Recall of 2001 in which the Swiss Medical Device maker's recall placed in 31,000 patients settled for $1Bil.  The DePuy Recall is 3 times the size of Sulzer.  And with J&J executives recently deposed as to "what they knew", many believe that J&J's total exposure could top $3bil.  Apparently, this was a major factor in J&J's CEO, Bill Weldon, deciding to step down.    

One indication of the potential size of the settlement value for the DePuy victims is based on the lawsuit settlement funding industry's view of DePuy.   Legal-Bay LLC -a leader in lawsuit funding for both Avandia and DePuy- recently announced that they have secured $2.5mm in financing just for DePuy pre-settlement funding clients.    

Patty Kirby, Director of Client Relations at Legal-Bay commented, "Our research has indicated the average settlement amounts of the DePuy cases will top the Sulzer $200K average; cases in which the patient had the implant and revision surgery, could have values close to $1mm each.  Based on this, we have been funding our DePuy clients with advances up to $50K to pay bills until they get their ultimate settlement."

Legal-Bay was accurate in their forecast in the Avandia litigation as well, when they predicted GlaxoSmithKline would settle for ove
'/>"/>

SOURCE CNJ Enterprises LLC
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Actress Jane Kaczmarek Teams Up With DePuy Orthopaedics to Launch Osteoarthritis Awareness and Education Program
2. DePuy ASR Hip Resurfacing System Failure Leads to Lawsuit, According to the Law Offices of John David Hart
3. Recalled DePuy ASR Hip Implant Lawsuits Filed By John David Hart
4. Recalled DePuy Hip Implant Lawsuits Filed in Fort Worth, Texas
5. Bilateral DePuy Hip Implant Failures Lead to Lawsuit
6. Failure Rate of DePuy ASR XL Hip Implant Rising
7. Granbury, Texas Woman Files Suit for Failed DePuy Hip Device
8. Law Offices of John David Hart: DePuy Recalled Hip Device Lawsuit Filed by Houston Woman
9. DePuy Recalled Hip Device Lawsuit Filed in Austin, Texas
10. DePuy Recalled Hip Device Lawsuit Filed in San Antonio, Texas
11. DePuy Recalled Hip Device Lawsuit Filed in East Texas
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2015)... , May 26, 2015  BioSpecifics Technologies Corp. (NASDAQ: ... class collagenase-based products marketed as XIAFLEX ® in ... announced today that BioSpecifics, President, Tom Wegman , ... 2015 Healthcare Conference.    The presentation will ... p.m. ET in New York, NY ...
(Date:5/26/2015)... 2015 Sanomedics, Inc. (OTC: SIMH) an international ... into the fast growing behavioral health sector with the ... developmental stage, Software as a Services (SaaS) provider, specialized ... service and care centers. "The strategic ... the nascent behavioral health sector where the number of ...
(Date:5/26/2015)... CLAYTON, N.C. , May 26, 2015 /PRNewswire/ ... for as long as possible can be a ... families, personal alert systems bridge the gap when ... loved one 24/7. However, cautions eHeart Health ... are created equal. ...
Breaking Medicine Technology:BioSpecifics Technologies Corp. to Present at the Jefferies 2015 Healthcare Conference 2Sanomedics Targeting Behavioral Health and Electronic Health Records with Strategic Acquisition of Zen Charts 2Sanomedics Targeting Behavioral Health and Electronic Health Records with Strategic Acquisition of Zen Charts 3eHeart Health Monitoring Gives Tips on Choosing the Right Personal Alert System for Aging Loved Ones 2eHeart Health Monitoring Gives Tips on Choosing the Right Personal Alert System for Aging Loved Ones 3eHeart Health Monitoring Gives Tips on Choosing the Right Personal Alert System for Aging Loved Ones 4
... ANGELES , Aug. 5 B. Braun Medical Inc. (B. Braun) ... gain premier access to customized, evidence-based drug libraries provided by the Zynx Health ... , , , ... , , , ...
... Aug. 5 Decision Resources, one of the ... healthcare issues, finds that, in first- and second-line treatment ... nearly 70 percent of surveyed infectious disease specialists and ... use Medarex/Merck,s CDA1 and CDB1, one year after the ...
Cached Medicine Technology:B. Braun Customers Gain Premier Access to Zynx Health Device Network's Evidence-based, Customizable Drug Library Program 2B. Braun Customers Gain Premier Access to Zynx Health Device Network's Evidence-based, Customizable Drug Library Program 3B. Braun Customers Gain Premier Access to Zynx Health Device Network's Evidence-based, Customizable Drug Library Program 4B. Braun Customers Gain Premier Access to Zynx Health Device Network's Evidence-based, Customizable Drug Library Program 5B. Braun Customers Gain Premier Access to Zynx Health Device Network's Evidence-based, Customizable Drug Library Program 6In First- and Second-Line Treatment of Clostridium Difficile Infection, Nearly 70 Percent of Surveyed Infectious Disease Specialists and Internists Will Use Fidaxomicin and Nearly Half Will Use CDA1/CDB1 2In First- and Second-Line Treatment of Clostridium Difficile Infection, Nearly 70 Percent of Surveyed Infectious Disease Specialists and Internists Will Use Fidaxomicin and Nearly Half Will Use CDA1/CDB1 3
(Date:5/26/2015)... Francisco, CA (PRWEB) May 27, 2015 ... and beautiful technology for women, today announces the ... that monitors women’s stress, sleep, activity and ovulation. ... jewelry with innovative health tracking technolo- gy, particularly ... stress levels, to provide women with lifestyle data ...
(Date:5/26/2015)... BROOK, Ill. (PRWEB) May 26, 2015 ... be an early marker of specific types of Alzheimer’s ... a new study published in the journal Radiology. ... Agosta, M.D., Ph.D., co-author of the study conducted at ... Milan, Italy. “However, white matter damage has a central ...
(Date:5/26/2015)... May 27, 2015 Visiting Nurse Association of ... at the American Cancer Society’s annual Relay for Life fundraiser. ... 12:00AM at Mennen Sports Arena, 161 East Hanover Ave, Morristown, ... the track to raise money and awareness to help the ... , According to the ACS, it is estimated that more ...
(Date:5/26/2015)... 2015 Securityhunter has been ... the United States Department of Health and Human Services ... The MATOC was awarded through the General Services Administration ... the PSC, which is a fee-for-service agency. The award ... options, and is an enterprise–wide physical security and security ...
(Date:5/26/2015)... ANGELES (PRWEB) May 27, 2015 Readers ... processes may find help in author Chester Litvin ... Psychoconduction : Litvin’s Code” (published by Trafford Publishing). , ... new approach for stimulating the brain. This book will ... to reeducate their sensory brain cells . He ...
Breaking Medicine News(10 mins):Health News:Bellabeat debuts the LEAF - smart jewelry that monitors women’s health. 2Health News:Bellabeat debuts the LEAF - smart jewelry that monitors women’s health. 3Health News:RSNA: Imaging Test May Identify Biomarker of Alzheimer’s Disease 2Health News:RSNA: Imaging Test May Identify Biomarker of Alzheimer’s Disease 3Health News:North Jersey Home Care Agency Supports Relay for Life Fundraiser 2Health News:Securityhunter Has Been Awarded a Multiple Award Task Order Contract (MATOC) by the Department of Health and Human Services 2Health News:Chester Litvin’s New Book Offers ‘Tune-Up’ for Brain Cells 2Health News:Chester Litvin’s New Book Offers ‘Tune-Up’ for Brain Cells 3
... , FRIDAY, Jan. 22 (HealthDay News) -- If you,re ready to ... potty training may be between the second and third birthdays. , ... window for moving your child out of diapers. Children who were ... incontinence -- daytime wetting and bed-wetting -- between ages 4 and ...
... physical and mental benefits as people grow old , FRIDAY, ... and gunning down bad guys might not sound like things ... , But they might want to start, some experts on ... have the potential to help seniors age more gracefully, keeping ...
... Drug Administration has approved the drug fampridine-SR for the treatment ... Medical Center (URMC) have been evaluating the effects of the ... the first medication shown to enhance some neurological functions in ... the way for today,s action by the FDA. ...
... Society report outlines 21 challenges and needs for global tobacco ... and expertise needed to reduce the rising tide of tobacco ... are the target of the multinational tobacco industry. The report ... issue of CA: A Cancer Journal for Clinicians . ...
... most women, having a baby is a joyful experience. But ... by grief, anxiety and depression. Global figures suggest that between ... first time are struck by depression. For the second birth, ... Kristin Akerjordet at the University of Stavanger in Norway, surveyed ...
... 2010) -- Weill Cornell Medical College has established a ... diverse and medically underserved communities in New York City. ... and Community Engagement (CEDREC) was created through an $8 ... and Health Disparities (NCMHD), a division of the National ...
Cached Medicine News:Health News: Potty Training Best Between Ages 2 and 3 2Health News: Potty Training Best Between Ages 2 and 3 3Health News: Potty Training Best Between Ages 2 and 3 4Health News:Video Gaming Just Might Fight Aging 2Health News:Video Gaming Just Might Fight Aging 3Health News:Researchers welcome new multiple sclerosis drug 2Health News:Researchers welcome new multiple sclerosis drug 3Health News:Global tobacco report outlines 21 challenges for 21st century 2Health News:Global tobacco report outlines 21 challenges for 21st century 3Health News:Emotions should be taken seriously 2Health News:Emotions should be taken seriously 3Health News:National Center on Minority Health and Health Disparities awards $8 million to Weill Cornell 2
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: