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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 importantl
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SOURCE Legal-Bay
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