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:1/15/2014)... Calif. , Jan. 15, 2014 Massachusetts ... (NASDAQ: AMGN ) announced today that ... discover and validate new therapeutic targets and develop ... chronic disorder that affects millions worldwide. The MGH-Broad-Amgen ...
(Date:1/15/2014)... Jan. 15, 2014  In an unprecedented effort to curb the spread ... and other transport vehicles, an advanced and portable UV germicidal lamp ... the first time. In order to prevent EMS ... pathogens, West Palm Beach Fire Rescue is ...
(Date:1/15/2014)... , Jan. 15, 2014  According to Millennium ... technology market intelligence, the United States ... (TEO) device markets will expand moderately through 2022, ... segments. In particular, increasing interest in drug-eluting beads ...
Breaking Medicine Technology:Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 2Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 3Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 4Superbugs No Longer Ride In Rescue Vehicles 2US and European Transcatheter Embolization and Occlusion Device Market to Surpass $1.6 Billion by 2022 2US and European Transcatheter Embolization and Occlusion Device Market to Surpass $1.6 Billion by 2022 3
... , ... 20 Reportlinker.com announces that a new ... catalogue. , Global Self Monitoring Blood ... Growth , http://www.reportlinker.com/p0164657/Global-Self-Monitoring-Blood-Glucose-Market-(SMBG )-Increasing-Adoption-to-Drive-Growth.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire ...
... , NEW YORK, ... market research report is available in its catalogue. ... 2009 , http://www.reportlinker.com/p0164742/Global-Markets-for-Assisted-Reproductive-Devices-2009.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire ... U.S., 15 Countries in Europe and Japan. This ...
Cached Medicine Technology:Reportlinker Adds Global Self Monitoring Blood Glucose Market (SMBG): Increasing Adoption to Drive Growth 2Reportlinker Adds Global Self Monitoring Blood Glucose Market (SMBG): Increasing Adoption to Drive Growth 3Reportlinker Adds Global Self Monitoring Blood Glucose Market (SMBG): Increasing Adoption to Drive Growth 4Reportlinker Adds Global Self Monitoring Blood Glucose Market (SMBG): Increasing Adoption to Drive Growth 5Reportlinker Adds Global Self Monitoring Blood Glucose Market (SMBG): Increasing Adoption to Drive Growth 6Reportlinker Adds Global Self Monitoring Blood Glucose Market (SMBG): Increasing Adoption to Drive Growth 7Reportlinker Adds Global Self Monitoring Blood Glucose Market (SMBG): Increasing Adoption to Drive Growth 8Reportlinker Adds Global Markets for Assisted Reproductive Devices 2009 2
(Date:7/9/2014)... flatulence and have a reputation for being highly toxic, but ... now being being found to offer potential health benefits in ... and dementia. A new compound (AP39), designed and made at ... therapies, by targeting delivery of very small amounts of the ... , Scientists in Exeter have already found that the compound ...
(Date:7/9/2014)... The liver is one of the most important organs ... that we utilize our food properly this is ... removed from our organism this is its detoxification ... and unhealthy food all damage the liver. The resulting ... deposits, cirrhoses, and life-threatening liver failure. According to the ...
(Date:7/9/2014)... Small print and poor printing on prescription labels ... may lead to errors in taking medication, according ... and CNIB (Canadian National Institute for the Blind)., ... Pharmacists Journal , found that labels on prescription ... professionally recommended guidelines for legibility. , By simply ...
(Date:7/9/2014)... , , , , , ... , , , , ... the weapon was an SA80 assault rifle and the microphone is 50m downrange from the firer and approximately 30cm from the bullet... , ... , , , , ... , , , , , ...
(Date:7/9/2014)... has risen dramatically in Western societies. One frequently cited ... and have fewer infections than previous generations, thereby delaying ... researchers at Sahlgrenska Academy, University of Gothenburg, monitored children ... the immune system in relation to allergic disease. All ... Vstra Gtaland Region, half of them on farms that ...
Breaking Medicine News(10 mins):Health News:Rotten egg gas holds key to healthcare therapies 2Health News:Telemedicine for patients with chronic liver diseases 2Health News:Telemedicine for patients with chronic liver diseases 3Health News:Most prescription labels fail to meet guidelines, risking dosage errors 2Health News:Fit for the frontline? New study identifies the hearing requirements of British soldiers 2Health News:Fit for the frontline? New study identifies the hearing requirements of British soldiers 3Health News:Fit for the frontline? New study identifies the hearing requirements of British soldiers 4Health News:Fit for the frontline? New study identifies the hearing requirements of British soldiers 5Health News:Fit for the frontline? New study identifies the hearing requirements of British soldiers 6Health News:Fit for the frontline? New study identifies the hearing requirements of British soldiers 7
... admitted that four Indian states have been badly hit ... fever, but it claimed// there have been no causalities ... fever during the current year are Tamil Nadu, Karnataka, ... and Family Welfare Minister Anbumani Ramadoss told the Lok ...
... could help fight the weight gain, according to scientists ... study// were published in the medical journal Physiology and ... black or green herb teas encourage burning of fat ... obtained with combinations of black pepper, turmeric, ginger, cumin, ...
... used to get a second opinions on mammogram images, which ... slow. // ,In order to speed up the process, ... is able to get useful information from a mammogram database ... image in question to every image of breast cancer in ...
... encephalitis, a bird-borne Asian virus that has left a ... brain damage has been adopted by the the Bill ... virus is expanding its geographic reach and threatens several ... of the Japanese encephalitis program at Seattle-based Program for ...
... put NHS general practioner and hospital consultants in its stores. ... //Company to become Alliance Boots which will be effective on ... already providing NHS Chlamydia-testing services. But a lot of opposition ... this is a scheming move towards NHS privatization. , ...
... and Helain Landy, M.D. of Georgetown University Medical Center ... //planning while they are in medical school. ... Gynecology journal which pointed out to the gap that ... play an important role in helping a woman chose ...
Cached Medicine News:Health News:Four States in India Affected by Chikungunya: Government 2Health News:Google-Like Model Used To Diagnose Suspicious Breast Masses Quickly 2Health News:Gates Foundation Adopts Fight against Encephalitis 2Health News:Gates Foundation Adopts Fight against Encephalitis 3Health News:Gap Exists between Medical School Teaching and Physician’s Practic 2
... a bold new way to improve your ... PRO. This expanded menu profiler eliminates time-consuming ... total turnaround time. Plus, the CX9 PRO ... esoteric chemistries, TDMs, DATs, proteins and serologies ...
... 53 on-board assays, an available menu ... of performance-driven features, the CX500 PRO ... automate time-intensive manual processes.The SYNCHRON CX ... and DL2000* intergrate to create a ...
... This user-friendly instrument is ... Protein analyzer for the ... is a well established ... results for a wide ...
... The Medtronic Diagnostic Workstation ... all your gastrointestinal function testing ... flexibility by allowing you to ... offering the consistency and reliability ...
Medicine Products: