Stryker To Pay $1B To Settle Hip Implant MDL Claims

By Emily Field (November 3, 2014, 7:46 PM EST) -- Stryker Corp. and its subsidiary Howmedica Osteonics Corp. said Monday that the company has agreed to pay at least $1 billion to settle thousands of claims in litigation in New Jersey and Minnesota related to its allegedly defective metal hip replacement parts.

The company recalled its Rejuvenate and ABG II modular-neck stems in June 2012, saying they could fret or corrode, harm body tissue, and cause pain or swelling. Litigation for the thousands of claims stemming from the recalled parts was centralized in multidistrict litigation in Minnesota federal court and multicounty litigation in New Jersey state court.

Under the terms of...

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