$1B
Product Liability
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Case Details
Stryker announces $1 billion settlement in class-action suit involving recalled all-metal hip implants (Rejuvenate Modular-Neck or ABG II Modular-Neck) for patients who underwent operations to have the implant replaced.
Additional Notes
The deal, if executed in its current form, would be one of the highest amounts paid in the last year by an implant manufacturer to resolve class-action claims. Financial losses stemming from this product liability case range from $1.42 billion to $2.29 billion.
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Aleshire Robb & Rapp
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