DePuy Hip Recall Lawsuit Loans
DEPUY ASR HIP RECALL LAWSUIT
TriMark Legal Funding LLC, The Settlement Funding Company, is a leading provider of pre settlement funding for victims needing DePuy Hip Recall lawsuit loans. If you have a pending case and need cash now, TLF can help so call 1-877-932-2628 now.
J&J DEPUY HIP REPLACEMENT RECALL
In 2010 Johnson & Johnson (J&J) announced a recall of their defective DePuy ASR Hip Implant system. As a result of that lawsuit, nearly 8,000 lawsuits have been filed so far with thousands more expected over the next few years. The product liability lawsuits generally claim damages for “excruciating pain, swelling, inflammation, infection and damage to surrounding bone and tissue and movement or displacement of the hip joint itself”. Many victims are also claiming they have been poisoned due to heightened and potentially dangerous or deadly levels of cobalt and other minerals that have been released into their blood as a result of the implants.
More than 93,000 DePuy Hip Implants were sold worldwide, including more than 37,000 in the US and experts are expecting at least 15% to fail within the first 5 years. However, healthcare experts are now saying that the device could have up to a 50% failure rate within the first 6 years. Johnson & Johnson announced in January 2010 that they had set aside $912 million to settle pending DePuy lawsuits. Lawsuit Funding Industry experts believe that the wave of lawsuits sure to come out in years to come could make this number go up substantially.
In August 2012, J&J agreed to pay $600,000 to resolve 3 cases in the first settlements of the litigation . Many legal experts were expecting the settlements to be in the $200,000 to $500,000 range, but J&J seems to have been successful at negotiating settlements at the very low end of that range.
Based on the fact that there are nearly 8,000 suits to date and more being filed all the time, J&J’s exposure could easily reach several billion dollars ($200,000 x 8,000 = $2,800,000,000). 8,000 lawsuits represent nearly 22% of all US sales or just under 9% of worldwide sales. If the 15% to 50% failure estimates prove to be true, DePuy could surpass Vioxx and claim the dubious title of the largest pharmaceutical class action litigation in US history.
TriMark Legal Funding LLC offers plaintiffs the largest pre settlement cash advances in the legal funding industry on DePuy Hip Replacement recall cases – in many cases up to $50,000 per plaintiff. TLF also provides the best rates, fastest processing and turnaround and the friendliest and most courteous customer service in the business.
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