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Follow on Google News | Major Hip Settlements Reported by Legal-Bay Lawsuit Settlement FundingCash Funding Firm reports updated news on major hip settlements involving manufacturers such as DePuy, Stryker, Wright, and BioMet.
By: Legal-Bay LLC BioMet: In February of 2014, Biomet reached a $56 million settlement relating to its BioMet M2a 38 and M2a Magnum hip replacement system. Settlement awards were about $200K per case that required a revision surgery. The multidistrict litigation (MDL) took place in the U.S. District Court for the Northern District of Indiana (MDL No. 2391). Johnson & Johnson/DePuy ASR and Pinnacle Hips: Johnson & Johnson’s DePuy hip division reached the largest product liability lawsuit settlement in U.S. history in late 2013. The company agreed to settle about 7K hip lawsuits for approximately $250K per case. The multidistrict litigation took place in the U.S. District Court for the Northern District of Ohio under Judge David A. Katz (MDL No. 2197). When the ASR litigation is completely resolved, it could cost DePuy almost $4 billion, according to Bloomberg News. However, there is still time for additional ASR claims to be filed as there are approximately 25% of pending cases. The Pinnacle hip litigation remains unresolved, with more than 6,500 pending claims in the U.S. District Court for the Northern District of Texas under Judge Ed Kinkeade (MDL No. 2244). Bellwether trials are set to take place this year. Stryker Corporation: 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 take place this year. Chris Janish, CEO of Legal-Bay, commented on the recent settlements, “We continue to monitor each litigation, those pending and those that have settled. We have noticed that many clients are still waiting for funds on their settled cases, and we are able to provide exceptional pricing for clients who need funds now, whether on pre-settled or settled deals. We are still advising clients who have not retained a law firm that they need to move quickly in order to claim a hip recall award if they have not yet contacted a lawyer.” To apply for lawsuit funding or lawsuit money today on your hip case, apply online at: http://lawsuitssettlementfunding.com/ Legal-Bay, a law cash advance company, advises any patients who have suffered complications or metallosis from a hip implant to contact a hip lawyer or hip law firm immediately as the time to file a complaint is limited. Legal-Bay can assist you with obtaining a free legal consultation with a hip lawyer or hip law firm. You can inquire directly with us at: http://lawsuitssettlementfunding.com/ Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a settlement loan, settlement loans, lawsuit loan, lawsuit loans, pre-settlement loans, or a pre-settlement loan. To learn more about Legal Bay’s lawsuit funding process, visit: http://www.lawsuitssettlementfunding.com/ If you wish to speak to a live agent who can answer any of your lawsuit funding questions, or if you would like to schedule a free consultation with a hip lawyer, call Legal-Bay’s toll-free hotline at: 877.571.0405. Legal-Bay LLC (as well as their related companies) is not a law firm and cannot provide legal advice on your case, however, Legal-Bay works with lawyers involved in mass tort litigations who can provide you with a free legal consultation at the consumer’s direction. End
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