HOUSTON, March 17, 2016 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company which operates lawsuitssettlementfunding.com, reported today that Johnson & Johnson and its DePuy unit were hit with a $500 million jury verdict over its Pinnacle metal-on-metal hip implants. After two months of trial, a Texas federal jury found that "the Pinnacle hips were defectively designed, and that the companies failed to warn the public about their risks," according to an article in Reuters.
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Now, J&J and its DePuy unit must pay $500 million to five plaintiffs who were injured by the Pinnacle metal-on-metal hip implants. There are still approximately 8,000 cases pending in federal court over the Pinnacle devices.
Chris Janish, CEO, commented on the recent jury verdict, "As we have previously mentioned, the Pinnacle litigation was a tough one that J&J has been defending aggressively, as opposed to settling like they did on their ASR product. However, the jury has spoken loud and clear and our experts close to the situation believe that a global settlement of remaining cases with revisions makes sense for all parties, even though the hip manufacturer believes the product is safe."
If you have been denied funding by another lawsuit funding company on your Pinnacle case, feel free to apply with Legal-Bay right now, at: http://lawsuitssettlementfunding.com/depuy-hip-recall-settlement-funding.php
The company is immediately agreeing to provide larger cash advances with today's news. Legal-Bay is also offering pre-settlement and settlement funding on similar hip cases such as Stryker, Biomet, and Wright hip cases, and they are providing free legal consultations as well for possible plaintiffs who have not yet retained a hip recall lawyer on any and all hip litigations. To learn more about Stryker, Biomet, or Wright hip cases including finding a hip law firm, visit: http://lawsuitssettlementfunding.com/stryker-wright-hip-recall-settlement-funding.php
If you, or a loved one, are in need of financial support or lawsuit money today or would like a free legal consultation on your potential hip lawsuit, feel free to call Legal-Bay on its toll-free hotline at: 877.571.0405.
You may also apply online at: http://lawsuitssettlementfunding.com and an agent will respond to your request shortly.
Disclaimer: 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, or a pre-settlement loan. To learn more about how Legal-Bay's funding process works, visit: http://lawsuitssettlementfunding.com/funding-process.php
Source: PrNewsWire All
Link: J&J's DePuy Pinnacle Hip in 0MM Jury Verdict