Stryker Sets Aside $1.4 Billion for Metal Hip Implant Claims

Stryker Sets Aside $1.4 Billion for Metal Hip Implant Claims

Posted By The Maher Law Firm || 28-Nov-2014

Defective Medical Device Lawyers

Stryker Corporation, the leading producer of metal hip implants, says it expects to pay more than $1.4 billion to patients who were injured by metal hip implants that have been the subject of numerous defective medical device lawsuits.

A Stryker Corporation news release states that U.S. patients who had revision surgery to replace their Rejuvenate Modular-Neck hip stem and/or ABG II Modular-Neck hip stem prior to November 3, 2014, are eligible for compensation.

The payments are part of a settlement agreement with plaintiffs in New Jersey state court and federal multidistrict litigation against Stryker Orthopaedics, which is also known as Howmedica Osteonics Corp., a subsidiary of Stryker Corporation.

The Rejuvenate Modular-Neck hip stem and ABG II Modular-Neck hip stem have been the subject of numerous complaints that they failed at a high rate and caused tissue damage, bloodstream metal toxicity and other complications.

Stryker recalled the implants in 2012, citing "fretting and corrosion" of the implants' components.

Metal Hip Implant Manufacturers Are Resolving Legal Claims

Metal hip implants become a problem when movement of the joint causes metal components to wear away. In addition to the implant breaking down and slipping out of place, metal particles sloughed off from the implant can damage or kill surrounding tissue or enter the bloodstream and cause heart, kidney and neurological damage.

The only solution to a failed hip implant is to undergo revision surgery to have it removed and replaced.

Stryker's news release states that the $1.425 billion reported in its financial records as necessary to settle lawsuits represents the "low end of the range." The company expects a majority of the payments under the Settlement Agreement to be made by the end of 2015.

Last year, Johnson & Johnson agreed to pay about $2.5 billion to resolve lawsuits filed by 8,000 patients who received the company's DePuy Articular Surface Replacement, or A.S.R., metal-on-metal hip implant. The New York Times said the typical payment would be about $250,000.

However, because the stem of the Stryker Rejuvenate and ABG II hip implants is inserted into the femur bone, removal is a more complex surgery and requires a longer recovery period.

Stryker has set up a settlement website at www.strykermodularhipsettlement.com. All patients seeking compensation through the settlement must register by December 14, 2014. A person does not have to be a part of the existing lawsuits to obtaining compensation.

The Maher Law Firm is assisting Stryker hip implant patients who believe they are eligible for compensation. Contact us for a free review of your case today.

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