Navigation Links
J & J's DePuy Hip Division in $4Bil Settlement, Says Legal-Bay
Date:11/14/2013

NEW YORK, Nov. 14, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, is reporting -via Bloomberg News- that a landmark settlement has been reached in the extensive DePuy ASR Hip Implant Litigation.  According to sources, the total settlement is approximately $4Bil, which makes it the largest medical device settlement in U.S. history. 

(Logo: http://photos.prnewswire.com/prnh/20131114/PH16982LOGO)

Back in September, Legal-Bay had reported that a settlement of $3Bil was on the horizon, and the average case value for a DePuy Hip requiring revision surgery would be around $300K; it looks as if these figures are pretty accurate.  However, neither side is confirming the details of the reports just yet. 

Legal-Bay has been assisting so many victims of the defective DePuy hip implant device since the start of the litigation in 2010, by providing them with lawsuit pre-settlement funding up to $50,000.00 on their cases.  Legal-Bay will continue to provide lawsuit cash advances, not lawsuit loans, on pending and proposed settled DePuy cases.  To learn more about Legal-Bay's DePuy settlement cash advance program, which is not a settlement loan, you can log on to Legal-Bay's website at: http://lawsuitssettlementfunding.com/depuy-hip-recall-settlement-funding.php

Chris Janish, CEO of Legal-Bay commented, "We always believed that this litigation was one in which J&J would have to step up to the plate, and it seems they now have, with this historic settlement.  The plaintiff's lawyers did a tremendous job getting the company to agree to such a large number now; and to leave the litigation uncapped as more patient's hips fail in the upcoming years.  Most importantly our long suffering clients can now get some of the relief they have long awaited for."  Actual payments do not expect to be disbursed until mid-2014, according to Legal-Bay, if the Judge approves the settlement. 

If you are in need of settlement funding on your DePuy case or in need of speaking to a lawyer about filing a claim on either your DePuy ASR or Pinnacle hip implant, feel free to call Legal-Bay directly at: 877.571.0405 or you may also apply online at: http://lawsuitssettlementfunding.com.

Contact:

Patty Kirby, Head of Client Relations


Ph. 877.571.0405  Email:  info@legal-bay.com       

 


'/>"/>
SOURCE Legal-Bay
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing in Chelsea Therapeutics International, Ltd. to Contact the Firm
2. Smith & Nephew launches revolutionary open-architecture suture anchor for rotator cuff repair with greater pullout strength than competitors[i]
3. Thomson Reuters Launches New Mobile Oncology Decision Support Solution for R&D Pharmaceutical Leaders
4. Biopharma M&A Trends Hold Steady, But Deals Declined in 2011
5. Foundation for Managed Care Pharmacy (FMCP) Presents Awards for 2012 National P&T Competition and Best Posters
6. Almost 50 Percent of the Glaucoma Patient Population Remains Untreated, Signifying a Vast Market for Glaucoma Pharmaceuticals, Finds Frost & Sullivan
7. International Drug & Explosives Detection Company IDenta Corp. Releases Information to OTC markets.
8. Ultra Clean to Present at the Jefferies 2012 Global Technology, Media & Telcom Conference
9. Axis Global Logistics Names Mr. Thomas Brennan, Vice President Strategic Accounts & Life Sciences
10. The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Gen-Probe Incorporated in Connection with the Sale of the Company to Hologic, Inc.
11. Janssen Research & Development Submits XARELTO® (rivaroxaban) to U.S. FDA for the Treatment and Prevention of Recurrent Venous Thromboembolism
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... REDWOOD CITY, Calif., Feb. 23, 2017 Nevro Corp. ... innovative evidence-based solutions for the treatment of chronic pain, today ... ended December 31, 2016. 2016 Accomplishment & ... the full year 2016, an increase of 228% as reported, ... million for 2016, an increase of 612% over the prior ...
(Date:2/23/2017)... 23, 2017 Research and Markets has announced ... Strategies - 2016" report to their offering. ... The latest research Oesophageal Cancer ... and benchmarks in the global Oesophageal Cancer market. The ... are the key drugs marketed for Oesophageal Cancer and their clinical ...
(Date:2/23/2017)... , Feb. 23, 2017 Regulus ... the discovery and development of innovative medicines targeting microRNAs, ... year 2016 financial results on Thursday, March 2, 2017 ... a conference call and webcast on March 2, 2017 ... and full year 2016 financial results and provide a ...
Breaking Medicine Technology:
(Date:2/26/2017)... ... 26, 2017 , ... IndustryArchive.Org . is announcing a new way for ... will now only pay for B.A.N.T. quality sales leads based on the Sellers decision ... the new reality that B2B buyers are controlling the sales process via the Internet ...
(Date:2/26/2017)... , ... February 26, 2017 , ... ... disease (PD) in persons with a specific LRRK2 mutation, according to a study ... Previous studies have provided evidence of a link between pesticides and incidence of ...
(Date:2/24/2017)... ... February 24, 2017 , ... Only two months after the official ... (ILTM) show in Cannes (France), XO Private has initiated a second print-run of its ... measures almost a metre across when open, weighs in at more than six kilos, ...
(Date:2/24/2017)... ... 24, 2017 , ... The Smart Machine Age is here, and it’s disrupting ... percent of all jobs in the United States may be taken over by technology ... the aggressive know-it-all who steamrolls over colleagues is drawing to a close. Success will ...
(Date:2/24/2017)... Australia (PRWEB) , ... February 24, 2017 , ... The ... AU) offers Erik Schanssema ’s true account of his paramedic experiences. Schanssema describes ... stress disorder and his attempts to overcome them. , Schanssema, initially unsure of ...
Breaking Medicine News(10 mins):