Stryker Recall May Now Cost Company Between $700 Million and $1.13 Billion in Litigation Expenses, Related Charges, Bernstein Liebhard LLP Reports
New York, NY (PRWEB) October 25, 2013 -- A metal hip manufacturer now facing hundreds of Stryker recall (http://www.thestrykerhiprecall.com/) claims over its Rejuvenate and ABG II modular-neck hip stems disclosed this week that it may end up spending upwards of $1 billion to resolve litigation costs and other expenses associated with the devices, Bernstein Liebhard LLP reports.
According to a Wall Street Journal report published on October 23rd, Stryker Orthopaedics indicates that the cost of its hip replacement recall, which was issued on July 6, 2012 and affected some 20,000 Rejuvenate and ABG II modular-neck hip stems, could total anywhere from $700 million to $1.13 billion.*
Stryker’s previous estimations of its recall related expenses were between $400 million to $660 million, according to the WSJ report. As of October 2013, over 600 lawsuits alleging pain, swelling, metallosis and other complications stemming from the recalled metal hip replacements have been filed in federal and state courts throughout the U.S.
“As Stryker notes, the ultimate total cost to resolve these matters will depend on a number factors, including the number of patients seeking testing and treatment, the number of patients requiring revision surgeries and the amount of third-party insurance recoveries,” says Bernstein Liebhard LLP, a nationwide law firm representing victims of defective drugs and medical devices, including the Stryker Rejuvenate and ABG II hip replacement implants. The Firm is also offering free and confidential case evaluations to individuals who may have been injured as a result of these devices.
Stryker Recall
Recent court records indicate that some 380 claims stemming from the Stryker recall, which was announced on July 2012 after post-surveillance data indicated the potential for the Rejuvenate and ABG II hip stems to fret and corrode at the modular-neck junction, have been filed in a multicounty litigation established in New Jersey. Cases filed in the proceeding underway in Bergen County Superior Court similarly allege that Stryker failed to adequately warn about the potential for this complication to cause pain, swelling, metallosis and other complications in recipients. (In Re Stryker Rejuvenate Hip Stem and the ABG II Modular Hip Stem Litigation, No. 296)
Since its recall, the manufacturer has advised on its website that all individuals who received the Rejuvenate and ABG II hip devices undergo routine cross-sectional imaging and blood testing to monitor for elevated metal levels in the blood stream, whether or not they are experiencing symptoms associated with early device failure.**
At the federal court level, documents show approximately 290 similar actions against Stryker pending in a federal litigation established in the U.S. District Court, District of Minnesota. (In re: Stryker Rejuvenate and ABG II Hip Implant Products Liability Litigation, MDL No. 2441)
Individuals who received the Stryker Rejuvenate and/or ABG II modular-neck hip stems before their recall in July 2012 may be eligible to receive compensation for the out-of-pocket medical bills, lost wages, as well as pain and suffering they may have endured as a result of their injuries. Learn more about filing a Stryker hip recall lawsuit by visiting Bernstein Liebhard LLP’s website, or by calling one of the Firm’s attorneys directly at 800-511-5092.
*online.wsj.com/article/BT-CO-20131023-714444.html; Wall Street Journal, October 23, 2013
**literature.ortho.stryker.com/files/REJUV_COM_23.pdf
About Bernstein Liebhard LLP
Bernstein Liebhard LLP is a New York-based law firm exclusively representing injured persons in complex individual and class action lawsuits nationwide since 1993, including those who have been harmed by dangerous drugs, defective medical devices and consumer products. The firm has been named by The National Law Journal to the “Plaintiffs’ Hot List,” recognizing the top plaintiffs’ firms in the country, for the past 11 consecutive years.
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ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, 800-511-5092. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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Contact Information:
Felecia L. Stern, Esq.
Bernstein Liebhard LLP
info (at)consumerinjurylawyers(dot)com
http://www.thestrykerhiprecall.com/
Felecia L. Stern, Stryker Hip Recall Information Center, http://www.thestrykerhiprecall.com/, +1 800-511-5092, [email protected]
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