Stryker Agrees to Pay More Than $1 Billion To Settle Suits Over Recalled Hip Implants

Stryker Corp. agreed to pay more than $1 billion to resolve litigation over thousands of hip implants recalled in 2012 after patients complained of pain, swelling and metal debris from the devices (In re Stryker Rejuvenate and ABG II Modular Hip Implant Prod. Liability Litig., D. Minn., 13-2441, settlement announced 11/3/14).

Stryker will pay a base amount of $300,000 per case to patients who had the devices surgically removed, Kim Catullo of Gibbons PC in New York, one of the company’s lawyers, told a New Jersey judge Nov. 3.

The device maker faces more than 4,000 suits consolidated ...