LAS VEGAS, Nov. 20, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, reported today that Stryker Corporation, a medical device maker, has agreed to pay $1.43 billion to settle thousands of hip implant lawsuits filed against them. The plaintiffs involved had implants which failed prematurely, often necessitating the need for revision surgery. The settlement is expected to deliver awards in the amounts of $10K to $600K for serious complications such as post-operative infections, requirement for further surgeries, hip dislocations, femur fractures, heart attacks, strokes, and lost wages. The settlement was announced Monday November 3rd, both in the Bergen County courthouse before Superior Court Judge Brian Martinotti and in the U.S. District Court in St. Paul, Minnesota. According to CBS News, a lawyer stated this settlement "represents one of the largest medical device settlements with an unlimited compensation fund."
The Stryker Rejuvenate and ABG II hip replacement devices were recalled in July of 2012 due to reports of corrosion, and release of metal particles into the blood and surrounding tissue which caused a range of problems. 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 3rd are not qualified to participate in the settlement at this time. According to lawyers close to the situations, it is expected that individuals with revisions after Nov. 3rd, 2014 "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.
Patty Kirby, COO and Head of Client Relations, commented on the recent unprecedented national settlement, "We have been keenly aware of the high failure rates of the Stryker recalled hips and have been actively funding them for the last two years. As we wait for the settlement to be officially approved, we will re-evaluate our funding amounts; however, plaintiffs in need of Stryker lawsuit funding can apply for amounts up to $50K at this time."
To apply for lawsuit funding today on your Stryker Hip case, apply online at:
Legal-Bay advises any patients who have suffered complications or metallosis from a Stryker hip implant to contact a law firm immediately as the time to file a complaint is limited. Legal-Bay can assist you with obtaining a free legal consultation with a Stryker Hip Lawyer or Stryker Hip Law firm. You can inquire directly with us at: http://lawsuitssettlementfunding.com/contact-us.php
If you, or a loved one, have been injured by a Stryker Hip implant and need lawsuit help, including finding a Stryker Hip law firm, obtaining up to $50K in pre-settlement lawsuit 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 you with a free legal consultation at the consumer's direction.
Patty Kirby, COO/Head of Client Relations
Ph. 877.571.0405 Email: [email protected]
SOURCE Legal-Bay LLC