By Kat Greene (November 12, 2013, 8:49 PM EST) -- Johnson & Johnson has agreed to pay at least $4 billion to settle thousands of lawsuits over its DePuy Inc. unit's hip replacements, according to a Tuesday news report.
The company will pay about $300,000 apiece for the removal of the metal-on-metal hips, which patients allege broke down quickly, causing pain and shedding metal into the wearers' bloodstreams, according to a report by Bloomberg News. The deal doesn't bar patients from making claims about their hips in the future, so the settlement is uncapped, according to the report.
DePuy is facing some 10,000 federal and state lawsuits over the ASR XL...
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