DePuy Orthopaedics, a Warsaw, IN–based subsidiary of Johnson & Johnson, has informed Judge David Katz, US District Court, Northern District of Ohio, that it has waived its right to walk away from the settlement agreement covering thousands of DePuy ASR hip implant product liability lawsuits reached last November. The agreement could have allowed DePuy to get out of the deal, which will cost an estimated $2.5 billion, if too few of the approximately 8000 eligible plaintiffs signed on for the payouts. The settlement will pay about $250,000 each to the eligible plaintiffs and set up a $475 million fund to cover extraordinary medical costs associated with the implants.
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