Zimmer NexGen MDL Nears Finish With Confidential Deal

By Diana Novak Jones (June 12, 2018, 4:46 PM EDT) -- Counsel for a group of consumers who claim Zimmer Inc.'s NexGen knee implants failed as a result of flawed design told the Illinois federal judge overseeing their multidistrict litigation Tuesday that they have agreed on terms for a final confidential settlement.

Tobias Millrood of Pogust Braslow & Millrood LLC, co-lead counsel for the plaintiffs in the MDL, told U.S. District Judge Rebecca Pallmeyer in a conference-call status hearing that there are only minor administrative tasks left before the settlement resolving nearly 300 suits against the medical device maker can get rolling.

The drafting of the settlement's terms and attendant documents is...

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