Legal-Bay Lawsuit Settlement Funding Reports Updated News on All Major Hip Litigations

Case Funding Firm reports no major news since the $1 billion Stryker settlement over their Rejuvenate and ABG II recalled hip products.

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Legal-Bay LLC

Jan 20, 2015, 05:00 ET

HOUSTON, Jan. 20, 2015 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that there has been no recent news in regards to the major hip litigations. Despite the fact that no further settlements have been reached since the $1 billion Stryker settlement in November of 2014, Legal-Bay remains consistent in their dedication to helping victims and their loved ones while they await their ultimate settlement checks. Legal-Bay continues to actively fund plaintiffs involved in Stryker, Biomet, DePuy, and Wright cases.

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Patty Kirby, COO and Head of Client Relations, commented on the company's unwavering dedication, "We continue to monitor all the hip litigations and believe 2015 will finally see settlement payments in some of the litigations. However, many of the cases, whether settled or not, will not see money until 2016. Nevertheless, we continue to fund all hip litigations for clients who need immediate funds."

To apply for lawsuit pre-settlement funding or settlement funding up to $50K on any of the pending hip litigations, feel free to apply online at: http://lawsuitssettlementfunding.com/stryker-wright-hip-recall-settlement-funding.php

Stryker Rejuvenate Hip Stem and the ABG II Modular-Neck Hip Stem Update: Stryker Corporation has agreed to pay $1.43 billion to settle thousands of hip implant lawsuits filed against them. The settlement was announced November 3^rd, 2014, both in the Bergen County courthouse before Superior Court Judge Brian Martinotti and in the U.S. District Court in St. Paul, Minnesota. The settlement is expected to deliver awards in the amounts of $10K to $600K for serious complications. Those who have received the devices in question, the Stryker Rejuvenate and ABG II hip replacement devices, and consequently had them removed, are eligible to participate in the settlement; however, those who sued prior to device failure without replacement surgery before November 3^rd are not qualified to participate in the settlement at this time. According to lawyers close to the situation, it is expected that individuals with revisions after November 3^rd, 2014 "could be covered in a future round of negotiations."
Wright Conserve/Profemur Update: According to an updated case list issued September 15^th, 2014, approximately 800 claims have been filed against Wright Medical Technology, Inc. in State and Federal courts throughout the U.S. in relation to their Conserve hips. The filings are growing, and the plaintiffs involved have had Wright Conserve hips as well as Wright Profemur hip replacements. The cases are underway in a multidistrict litigation in the U.S. District Court in the Northern District of Georgia, and the first bellwether trial could began as early as March 2015.
Biomet M2a Magnum Hip Implant Update: The multidistrict litigation in the U.S. District Court for the Northern District of Indiana began in 2012 and Biomet, Inc. reached a $56 million settlement in February of 2014 for an average of $200K per hip. Legal-Bay is providing settled case funding on these cases that are included in the first settlement wave, and pre-settlement funding on any claims still pending.
J&J/DePuy ASR and Pinnacle Hips: ASR Settlement was reached for approximately 7K claims, with another reported 1K cases about to be settled for a base award of $250K per case. However, this leaves 25% of the cases still pending, which means there is still time for ASR claims to be filed in many jurisdictions. Pinnacle hip cases remain unresolved, and DePuy has been victorious in its first trial, in which the plaintiff walked away with no award. More than 6,500 Pinnacle claims remain pending and, according to legal experts, they are expected to drag on for the foreseeable future.

Legal-Bay urges patients with any of the above hip implants, whether on recall or not, who are having pain symptoms or metallosis – which is cobalt or chromium poisoning of the blood from metal hip fragments – to seek immediate legal counsel. You could be entitled to compensation of $250K or more, however, the time to file a claim is limited with each passing day.

If you are in need of a hip law firm or lawyer in a hip lawsuit, Legal-Bay can assist you with their legal contacts in the DePuy, Stryker, Wright, and Biomet law firms. Simply contact Legal-Bay directly at: http://lawsuitssettlementfunding.com/contact-us.php

If you, or a loved one, have been injured by a hip implant and need lawsuit help, including finding a hip law firm, obtaining up to $50K in pre-settlement lawsuit funding (or settled hip case funding), or obtaining surgical funding, call right now to speak to a live agent at 877.571.0405. You may also fill out a quick application online at: http://www.lawsuitssettlementfunding.com and an agent will contact you shortly.

Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a settlement loan, settlement loans, lawsuit loan, lawsuit loans, pre-settlement loans, or a pre-settlement loan. To learn more about Legal Bay's lawsuit funding process, visit: http://www.lawsuitssettlementfunding.com/funding-process.php

Legal-Bay LLC (as well as their related companies) is not a law firm and cannot provide legal advice on your case; however, Legal-Bay works with lawyers involved in mass tort litigations who can provide possible victims with a free legal consultation at the consumer's direction.