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Johnson & Johnson (JNJ) To Shell Out $4 Billion To Settle Hip Implant Lawsuits


11/13/2013 6:43:03 AM

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Johnson & Johnson has tentatively agreed to a settlement that could reach up to $4 billion to resolve thousands of lawsuits filed by patients injured by a flawed all-metal replacement hip, said two lawyers briefed on the plan. The tentative plan, which must win court approval, represents one of the largest payouts for product liability claims involving a medical device. A spokeswoman for the company’s DePuy Orthopaedics unit declined to comment on the possibility of a settlement.

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