J&J Said to Reach $4 Billion Deal to Settle Hip Lawsuits (NY Times)
Recall Costs
94 Percent
Federal Suits
Sulzer Settlement
Chicago Jury
Johnson & Johnson (JNJ) will pay more than $4 billion to resolve thousands of lawsuits over its recalled hip implants in the largest settlement of U.S. legal claims for a medical device, three people familiar with the deal said.
The accord will resolve more than 7,500 lawsuits in federal and state courts against J&J’s DePuy unit, said the people, who requested anonymity because they weren’t authorized to speak publicly about the settlement. Pati...
