Bellwether DePuy Hip Lawsuits Settle for $200,000 Each, Nexus Legal Cash to Assist DePuy Victims
Lawsuit Funding Company, Nexus Legal Cash, Announces Increased Measures to Assist Depuy Hip Plaintiffs
New York ( Sharewellnewswire.com ) September 17, 2012 – The first three lawsuits over the failure of DePuy Orthopedic, Inc.'s ASR hip implants have been settled for $600,000, but the Johnson & Johnson subsidiary faces more than 8,000 additional suits. Plaintiffs in the litigation, facing huge medical bills to remedy the side effects of the devices' failure, are currently being offered pre-settlement lawsuit financing by Nexus Legal Cash and other post-settlement alternatives once as their settlement amounts are determined.
These bellwether trials are among first cases in the Depuy/ Johnson& Johnson MDL. Accordingly, they garner much attention as they tend set the benchmark for how the rest of the lawsuits will settle. To add insult to injury, this is on the low end of what Johnson & Johnson could have expected to pay out.
Health care giant Johnson & Johnson is facing more than 8,000 DePuy ASR claims in state and federal courts. In August 2010, DePuy recalled 93,000 ASR devices, including the ASR XL Acetabular System, a socket used in total hip replacement surgeries, and the ASR Hip Resurfacing System, a partial hip replacement used to preserve the bone. The all-metal parts rubbed against each other, causing the implants to fail after a few years. The average life of an artificial hip is 15 years.
“Most analysts had predicted Johnson & Johnson would pay out at $200,000,” observed Nexus Legal Cash CEO Karl A. Minner. “This is, however, a pyrrhic victory for all the thousands of victims of the Depuy Hip Replacement failure that have had to undergo a second painful surgery to remove and replace the defective hip. Many of victims may have to wait months if not years to receive compensation against their lawsuit. If a Depuy plaintiff needs money to pay for their expenses they can receive legal financing against their case. A pre-settlement loan can provide a person the money needed for surgery or any other expenses prior to a legal settlement.
Nexus Legal Cash, is a full service litigation financing firm that provides non-recourse cash advances to plaintiffs who are in immediate need of cash today before their case settles. Do bear in mind that it should be a means of last resort. If you are interested in receiving a non-recourse lawsuit loan against your DePuy Hip Replacement recall lawsuit, please feel free to call them toll free at 1-877-95-NEXUS or to fill out an online application at www.nexuslegalcash.com
Nexus Legal Cash