Stryker Settles 3,000-Plus Hip Patient Suits At About $350,000 Each
This article was originally published in The Gray Sheet
Executive Summary
Stryker recorded a charge of $1.425 billion, but could pay more, under a Nov. 3 settlement agreement between subsidiary Howmedica Osteonics Corp. and approximately 3,000 or more eligible individuals who had their Rejuvenate modular-neck hip stems or ABG-II modular-neck hip stems replaced.
You may also be interested in...
Stryker To Settle Hip Implant Suits
Stryker and plaintiff attorneys are hashing out an agreement to settle thousands of lawsuits brought by patients who say they were injured by the device-maker's hip implants.
'Stand And Fight' Strategy Pays Off For Companies In Liability Suits
Legal analytics company Lex Machina finds that manufacturers most often win at the summary judgement stage of liability suits; however, about 96% of cases settle or are resolved procedurally.
Second EU MDR Notified Body Designated In France
Four years after the designation of the first notified body in France under the Medical Device Regulation, AFNOR Certification has been named too.