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Attorney Van O'Steen

Johnson & Johnson Reserves $992 Million for Settlement Costs

Van O'Steen

January 26, 2011

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Phoenix, Arizona—Johnson & Johnson released financial disclosure statements this week revealing it has reserved $992 million for a settlement fund and to cover litigation expenses related to its defective DePuy ASR™ XL Acetabular System. The DePuy ASR hip device was recalled last year amid reports that the medical device is failing at high rates.

Initial reports indicated that the revision rate among patients who received the DePuy ASR device was between 12 to 13 percent. We believe that number will be meaningfully higher as patients consult with their surgeons on the dangers of the defective device.

The U.S. Judicial Panel on Multidistrict Litigation has consolidated all pending federal cases before U.S. District Judge David A. Katz in the U.S. District Court for the Northern District of Ohio. Judge Katz will oversee pretrial proceedings in the consolidated federal cases.

The litigation fund established by Johnson & Johnson covers the legal costs associated with defending the cases and future liability for settlements or jury verdicts. Based on the severe injuries associated with these devices, and the number of people impacted by the defects, it is very likely that the company's liability will be substantially greater than the $992 million set aside for this litigation fund.

DePuy Lawsuit News

DePuy Pinnacle Lawsuits Consolidated in Texas

The U.S. Judicial Panel on Multidistrict Litigation announced that it would consolidate all federal cases alleging injuries from the DePuy Pinnacle hip device in the U.S. District Court for Northern Texas.

Johnson & Johnson Reserves $992 Million for Settlement Fund

Johnson & Johnson released financial disclosure statements this week revealing it has reserved $992 million for a settlement fund to cover litigation expenses related to its defective DePuy ASR XL Acetabular System.

Lawsuits Against DePuy Implant Manufacturer Grows

Jacqueline Chamberlain sued Johnson & Johnson and its subsidiary DePuy Orthopaedics in Superior Court in San Francisco, California. Hip Implant