{"id":41573,"date":"2013-11-12T21:17:02","date_gmt":"2013-11-13T02:17:02","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=41573"},"modified":"2013-11-13T00:52:39","modified_gmt":"2013-11-13T05:52:39","slug":"a-pattern","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2013\/11\/12\/a-pattern\/","title":{"rendered":"a pattern?…"},"content":{"rendered":"
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J&J Said to Reach $4 Billion Deal to Settle Hip Lawsuits<\/a><\/div>\n
Bloomberg <\/font><\/strong><\/div>\n
By Jef Feeley & David Voreacos<\/div>\n
Nov 12, 2013<\/div>\n

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. Patients who have had hips replaced claimed in the cases that the implants were defective. <\/p>\n

The company will pay an average of $300,000 or more for each of those surgeries, the people said. The agreement doesn’t bar patients whose artificial hips fail in the future from seeking compensation from J&J, they said. That means the settlement is uncapped in terms of its total value, according to the people. The settlement is expected to be announced next week in federal court in Toledo, Ohio. <\/p>\n

The agreement “resolves a lot of litigation that could have dragged on for years and cost J&J much more money in the long run,” said Carl Tobias, who teaches product-liability law at the University of Richmond in Virginia. The settlement will be the second multibillion-dollar agreement this month for J&J, the world’s largest seller of health-care products. J&J, based in New Brunswick, New Jersey, said Nov. 4 that it will pay $2.2 billion to resolve criminal and civil probes into the marketing of Risperdal and other medicines… <\/div>\n
hat tip to pharmagossip…<\/strong>    <\/sup><\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

J&J Said to Reach $4 Billion Deal to Settle Hip Lawsuits Bloomberg By Jef Feeley & David Voreacos Nov 12, 2013 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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-41573","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/41573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/comments?post=41573"}],"version-history":[{"count":2,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/41573\/revisions"}],"predecessor-version":[{"id":41575,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/41573\/revisions\/41575"}],"wp:attachment":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/media?parent=41573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/categories?post=41573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/tags?post=41573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}