Wright Medical inks $90m settlement deal for metal-on-metal hip claims (MassDevice)
Wright Medical said this week it agreed on a comprehensive settlement deal to resolve remaining metal-on-metal hip claims not previously settled, looking to pay a maximum of $89.8 million.
A total of $35 million of the settlement will be funded from insurance proceeds, contingent on availability by Dec. 31, the Amsterdam-based company said.
Settlement payments will come in 3 tranches, the company said. In the 1st tranche, Wright will pay $7.9 million to settle 49 additional claims which could have been included...
