Wright Medical Group will spend $240 million to settle 1292 lawsuit claims related to its Conserve, Dynasty, and Lineage metal-on-metal hips.
The settlement will be funded through $180 million in cash and $60 million in insurance recoveries, the Memphis, TN–based company said November 2.
The settlement agreement will be terminated if more than 5% of the claimants covered decide to opt out. The company also plans to vigorously defend itself against the roughly 600 claims not covered by the settlement.
The settlement will be funded through $180 million in cash and $60 million in insurance recoveries, the Memphis, TN–based company said November 2.
The settlement agreement will be terminated if more than 5% of the claimants covered decide to opt out. The company also plans to vigorously defend itself against the roughly 600 claims not covered by the settlement.
