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...Defect Claims...
https://www.bloomberg.com/news/articles/2018-12-11/j-j-start...
"...Johnson & Johnson has begun settling consumers’ claims that it sold artificial hips knowing they were defective, marking the first settlements in the seven-year-old litigation.

A federal judge in Texas overseeing the cases said about 3,300 of 10,000 “have settled or are in the process of settling,’’ according to a Dec. 9 court filing. Terms of the accords weren’t made public.

J&J is set to face a trial Jan. 14 in Dallas where five recipients of the Pinnacle hip will press claims that the world’s largest health-care products company failed to warn customers about the devices’ risks. A similar 2016 case produced a $1 billion verdict for multiple plaintiffs...."



Of course not everything is unicorns and rainbows... this will have a notable financial impact.


And this goes to the larger issue of revising and tightening up the FDA's regulation of medical devices.


Duuude1
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