MANASQUAN, N.J., March 18, 2016 /PRNewswire/ -- Fair Rate Funding, a lawsuit funding firm specializing in the lawsuit cash advance funding of defective hip implants has learned that a Dallas jury awarded a $497.5 million to five plaintiffs severely injured by Pinnacle metal-on-metal hip implants. The lawsuit was broken down as $142 million compensatory and $360 million punitive damages against Johnson & Johnson (J&J). The case was tried in the U.S. District Court for the Northern District of Texas.
The trial consolidated five separate plaintiffs asserting that the DePuy hip implants were defective in that they caused metallosis, a condition in which small metal particles enter into the patient's blood causing severe injuries.
The five cases that were decided: Aoki v. DePuy Orthopedics, et al., No. 3:13-cv-01071-K; Christopher v. DePuy Orthopedics, et al., No. 3:14-cv-01994-K; Greer v. DePuy Orthopedics, et al., No. 3:12-cv-01672-K; Klusmann v. DePuy Orthopedics, et al., No. 3:11-cv-02800-K; and Peterson v. DePuy Orthopedics, et al., No. 3:11-cv-01941-K.
At trial, Plaintiffs' attorneys produced evidence which suggested that doctors lied in the clinical testing of the implant products and forged other documents designed to misstate the results certain patients experienced when using the product.
"We are pleased with this victory for victims of these dangerous devices," said Paul Coppola, President of Fair Rate Funding, a lawsuit funding firm which has been helping hip implant defect plaintiffs for years. "The testimony gives the public the opportunity to hear how major medical products can be approved for use based upon false data and testing. If true, it shows how J&J prioritizes profit over people. We hope this outcome will help bring the remainder of the hip implant lawsuits to settlement quickly."
Since learning of the problems caused by defective hip implants, Fair Rate Funding has worked with thousands of plaintiffs in an effort to secure defective hip lawsuit funding. These funds are used to help clients pay for ordinary expenses or whatever financial matters arise. There are absolutely no restrictions on the use of the money and no upfront costs to apply.
For more information on how Fair Rate Funding helps victims of defective hips with defective hip lawsuit funding, visit http://professionalsettlementfunding.com/depuy-hip-replacement/.
By offering cash now to help pay for any type of expense such as car loans, rent and mortgage payments, utility payments, personal loans, and daily living expenses, Fair Rate Funding eases some of the financial stress these plaintiffs endure. There are no restrictions on the use of the funds.
Fair Rate Funding specializes in advancing cash now for plaintiffs who are involved in personal injury lawsuits including defective hips. Sometimes referred to as settlement loans or lawsuit loans, settlement funding is NOT a loan transaction but a purchase of a portion of a future recovery. If the lawsuit is unsuccessful for any reason and no money is recovered, the lawsuit funding is not repaid.
Fair Rate Funding works diligently to afford lawsuit funding to its applicants and has representatives standing by 24 hours a day, seven days a week to answer questions regarding the lawsuit funding process.
Fair Rate Funding lawsuit settlement funding programs are not a lawsuit loan or lawsuit loans although they are often referred to as such. A pre-settlement lawsuit cash advance is not a settlement loan or settlement loans because the advance is only repaid if the case is successful. Your attorney will repay your case funding or lawsuit advance ONLY if your case is won or settled.
Fair Rate Funding prides itself on providing the quickest approvals – as soon as 24 hours on most cases, the lowest monthly usage rates – as low as 2.5% per month, and the most attentive customer service in the lawsuit funding industry.
Fair Rate Funding also offers free case evaluations. If you are, at any time, not interested in pursuing lawsuit funding, there are no costs to you and absolutely no obligations.
For more information about lawsuit funding and other services from Fair Rate Funding, simply call a representative at 888-964-2224, operators are standing by.
SOURCE Fair Rate Funding