Victims of defective hip implants are finally receiving compensation for their injuries after five months of mediation and negotiations recently came to an end. Just last week, a $1 billion settlement was announced in the products liability lawsuits against Stryker Corporation, the maker of the defective Rejuvenate and ABG II hip replacement devices that were installed in thousands of people across the country. Under the terms of the settlement agreement, payouts should begin in the summer of 2015. The total payouts are not strictly limited to $1 billion figure, however. Stryker can end up paying out much more than that depending on the number of claims filed, and the actual figure is expected to exceed $1.4 billion.
Metex Manufacturing (formerly known as Kentile Floors, Inc.) which manages two industrial facilities in New Jersey, have filed for bankruptcy for a second time since 1992. The reason that they had given both times during bankruptcy filings was the large expenses they would face from asbestos-related products liability claims.
Medtronic is considered one of larges medical providers in the world. But perhaps because of the company's size, it has now attracted the attention of the United States Senate.
The suicide rate has gone up by as much as 15 percent over the past decade in New Jersey and throughout the United States. Frequently, patients have been prescribed a variety of anti-depressant medications such as Zoloft, Prozac and Paxil to treat individuals with depression and suicidal tendencies, but studies suggested that these drugs may possibly be less effective than placebos.
Injection of steroids has been making national news as of late because of a fungal meningitis outbreak. It is now believed that as many as five deaths have been tied to steroids that were all prepared by a single pharmacy.
A popular toy is being called by pediatricians to be a dangerous hazard for children. It concerns brightly colored spherical toys that can greatly expand when such toys are doused with water, and such toys could easily become subject for products liability litigation.
Several months ago, we wrote about Johnson & Johnson facing a number of claims concerning defective hip implants. Such hip implants were recalled in 2010, and Johnson & Johnson faces approximately 8,000 products liability lawsuits concerning such implants.
Due to injuries to a New Jersey little league player, the manufacturer of the Louisville Slugger aluminum bat has now agreed to settle out for $14.5 million. The settlement in this products liability lawsuit came about when a young boy was struck in the chest by a baseball. The injuries that the boy received ultimately led to extensive brain damage that will likely require a lifetime of treatment and care.
A number of extremely complicated defective products claims are currently going on that center around a New Jersey based surgical device manufacturer. While company Medline was making claims that it was selling surgical mesh manufactured by a local New Jersey company, what was instead reported as being sold was counterfeit surgical mesh that was manufactured in India.
Though ordered to discontinue selling a vaginal mesh device, Johnson & Johnson purportedly disobeyed the Federal Drug Administration (FDA) order and continued selling the product. The FDA promulgated such an order in August of 2007, and informed the company to stop manufacturing the product until the agency could make a determination as to whether such a product was "substantially equivalent" to other such products on the market.