J&J's DePuy Unit Considers Record-Setting Hip Settlement

J&J's DePuy Unit Considers Record-Setting Hip Settlement: "In March, Johnson & Johnson lost its first DePuy Articular Surface Replacement (ASR) trial to the tune of $8.3 million. Not surprisingly, the device manufacturer continued to deny liability for defective ASR hip implants following the verdict and announced plans to appeal. But now the company is rumored to be contemplating a potentially record-breaking settlement of pending hip implant cases.

According to Bloomberg, sources familiar with the DePuy litigation say that the company is considering a $3 billion global settlement. The rumored settlement would resolve up to 11,500 U.S. lawsuits, involving the controversial ASR hip replacement"

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