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

Case Funding Firm reports updates on all major hip litigations, including companies such as Stryker Corporation, Johnson & Johnson, DePuy, Biomet, and Wright Medical Technology Inc.

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Legal-Bay LLC

Dec 11, 2014, 05:00 ET

LOS ANGELES, Dec. 11, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they've updated their news on all major hip litigations to date. Legal-Bay continues to assist plaintiffs with needed lawsuit cash advances while the various hip litigations move through the courts. Legal-Bay strives to help those who are waiting for settlement payment, and they also provide patients involved in hip litigations with up-to-date news involving each particular litigation.

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In recent news involving the Stryker hip cases, the company recently settled thousands of Stryker Rejuvenate and ABG II hips for a total of $1.43 Billion, which was a $300K base hip award for cases with revision surgery. Stryker also made headlines this month when a former head of a Stryker Corporation subsidiary pleaded guilty to fraud. According to NorthJersey.com, charges were placed against him alleging that he "sold unapproved surgical tools used for knee replacements to surgeons around the country." California-based OtisMed Corporation was bought by Stryker in 2009, after the fraudulent transactions occurred, but according to NorthJersey.com, "Stryker's OtisMed unit agreed to pay $80 million in criminal and civil penalties after pleading guilty to a felony charge." The former chief executive officer of OtisMed who was charged and pleaded guilty to three misdemeanor fraud counts, Charlie Chi, will be sentenced on March 18^th and faces up to three years in prison.

Patty Kirby, COO and Head of Client Relations, commented on the hip litigation updates, "We remain steadfast in our efforts to aid Hip Recall victims with pre-settlement funding and settlement funding on all of the manufacturers. We also continue to advise and ensure clients who need funding and have not contacted a lawyer to do so quickly if they want to claim up to $300K in possible settlement amounts on Stryker or other hip manufacturers."

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

Here is an update on the major hip litigations provided by Legal-Bay:

Stryker Rejuvenate Hip Stem and the ABG II Modular-Neck Hip Stem Update: Stryker Corporation agreed to pay $1.43 billion to settle thousands of hip implant lawsuits filed against them. The settlement is expected to deliver awards in amounts of $10K to $600K for serious complications. The settlement was announced Monday November 3^rd, both in the Bergen County courthouse before Superior Court Judge Brian Martinotti and in the U.S. District Court in St. Paul, Minnesota. 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; however, according to lawyers close to the situations, they "could be covered in a future round of negotiations." Legal-Bay expects the settlement to be approved within the upcoming months, however, disbursement of funds isn't probable until mid-2015 or later. Both the Rejuvenate hip stem and the ABG II have been recalled, but the Stryker Accolade hip has not; Legal-Bay continues to fund these cases regardless.
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. relating to their Conserve hips in state and federal courts throughout the U.S. 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. 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 new claims still pending.
J&J/DePuy ASR and Pinnacle Hips: ASR Settlement was reached for approximately 7K claims, and another reported 1K cases are about to be settled for a base award of $250K per case. However, this leaves 25% of the cases still pending, still with time for ASR claims to be filed in many jurisdictions. Pinnacle hip cases remain unresolved and DePuy has been victorious in its first bellwether trial, in which the plaintiff walked away with no award. The bellwether trial took place in the U.S. District Court for the Northern District of Texas under Judge Ed Kinkeade. There are still 6,500 cases pending relating to the company's Pinnacle hip implant device, and the next trial is scheduled for January.

Legal-Bay urges patients who have had any of the above hip implants, whether on recall or not, and are experiencing pain symptoms and/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.

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.

Contact: Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email: [email protected]

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SOURCE Legal-Bay LLC