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
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.