J&J-DePuy is facing $1B+ in ASR Hip litigation costs

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WSJ: JNJ Facing $1+ Billion in ASR Costs (written by Lauren Uzdienski @ HealthPointCapital)
A Wall Street Journal article on Friday highlighted three companies facing "mass litigation": Toyota for unintended acceleration, BP for last year's massive oil spill and, now, DePuy and the ASR XL hip.
The metal-on-metal hip has already led to a recall and may have contributed to former DePuy Ortho president David Floyd's resignation. The Journal reports that around 1,000 lawsuits have been filed in federal and state courts alleging that DePuy was aware of the ASR's risks and unusual failure rate b...

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