Personal Injury Law

Examining the Cost of the DePuy Hip Recall

By Steven M. Levin and John J. Perconti

Last month Lawyers & Settlements took a look at the effect that the DePuy hip recall might have on the parent company responsible for defect in the product, Johnson & Johnson.

Blog readers are aware that nearly 100,000 of the implants were recalled by the company in August after evidence mounted quickly showing the extreme danger the product presented to patients. Many of the patients who have suffered complications from the product may have suffered irreparable harm to their bodies. Each time a joint is redone some bone is lost in the patient?s body.

As a result, a large number of DePuy recall lawsuits have been filed by victims seeking to recover for their losses. To help account for the expected payouts, the company has already set aside $922 million in its 4th quarter financial report from last year. Some experts expect the costs to rise much higher than that as literally thousands of victims continue to step forward after suffering the dangerous consequences of the problematic medical device.

Full post as published by Illinois Medical Malpractice Blog on March 03, 2011 (boomark / email).