Legal-Bay Pre Settlement Funding Company Announces $247 Million Settlement For Faulty DePuy Pinnacle Hip Replacements

DALLAS, Nov. 20, 2017 /PRNewswire/ -- Legal-Bay LLC, The Pre Settlement Lawsuit Funding Company, reports today that a $247 million settlement was awarded to six plaintiffs who experienced numerous problems with their hip-replacement devices. The plaintiffs argued that the manufacturer—DePuy—rushed the Pinnacle hips to market with insufficient testing. DePuy was found guilty of misleading doctors about the device's safety, and did not warn patients of the risk of metal poisoning and tissue damage from the metal-on-metal product.

As the developers and marketers of the product, Johnson & Johnson ( J&J )was found negligible in regards to the Pinnacle brand device. The jury awarded a total of $79 million in actual damages and $168 million in punitive damages to a group of six New York residents whose hips had to be surgically removed. The settlement is the third such ruling in recent weeks, and Legal-Bay reports that there are over nine thousand more plaintiffs awaiting trial.

In light of the record $1 billion+ in active claims against the New Brunswick, New Jersey-based manufacturing giant, Legal-Bay has budgeted a large portion of their pre-settlement funds for plaintiffs waiting for their cases to settle.

Chris Janish, CEO of Legal-Bay, commented, "We have  been very active in all the metal-on-metal hip litigations and are perplexed at J&J's insistence to keep trying the Pinnacle cases in light of yet another huge jury award, and almost the exact design of the ASR model – which settled for a $200K base award. I believe the Pinnacle litigation should start to wind down with settlement ranges slightly less than the ASR model's for sheer sake of wrapping things up for all parties."

Legal-Bay reminds plaintiffs that there is no guarantee of a Pinnacle hip settlement amount and the defendant can choose to continue to fight the cases one by one. Regardless, Legal-Bay is committing more funding to Pinnacle hip cases at this time. If you are involved in a pending lawsuit and need lawsuit money now, you may apply at: http://lawsuitssettlementfunding.com. 

Legal-Bay is a lawsuit funding company that provides financial assistance to people who have recently retained a lawyer, and can provide cash advances (sometimes referred to as a lawsuit loan or lawsuit loans by plaintiffs) while cases are tied up in litigation. These pre-settlement funds can assist people dealing with lost pay, lost benefits, emotional stress, punitive damages, and legal fees. They are committed to helping victims of wrongful conviction or death, hospital or medical malpractice, pain and suffering, and specialize in lawsuit funding for plaintiffs in civil rights cases, personal injury or car accident cases, as well as wrongful termination, sexual harassment or discrimination in workplace, and any civil cases where the plaintiff has a lawyer.  Legal-Bay continues to fund many other hip litigations such as the DePuy ASR, Stryker Rejuvenate and ABG II, and Wright hip system cases.

Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding, which means you only repay the settlement advance if you win your case. None of the programs should be considered to be a lawsuit loan, lawsuit loans, settlement loans, settlement loan, pre settlement loans, pre-settlement loans, pre settlement loan or a pre-settlement loan.

Legal-Bay can assist you right now with a pre-settlement cash advance on your lawsuit while you are fighting your case. To apply now, go to the company's website at: http://lawsuitssettlementfunding.com

SOURCE Legal-Bay LLC