Johnson & Johnson Pays Millions for the DePuy ASR Hip Recall
After the worldwide recall of the DePuy ASR hip from Johnson & Johnson, studies have shown that these metal-on-metal hips had been failing in approximately 12-13% of patients. However, as more information has come out, the true premature failure rate could surpass 40% of all DePuy recipients. In fact, at least 93,000 artificial hips have been known to be involved in the recall, 37,000 of which were sold in the United States alone. This major recall has greatly affected the Johnson & Johnson Company. According to records from 2013, Johnson & Johnson’s fourth quarter profits were up 37% from the previous year. However, it was revealed that it also took an after-tax charge of $42 million for expenses such as litigation costs. In fact, after the recall in the fourth quarter of 2012, the company recorded $800 million in extra charges most which were due to the DePuy ASR hip implant recall. Thousands of lawsuits continue to pile up against J&J for their defective and dangerous device.
If you or a loved one have been negatively affected by the DePuy ASR hip implant please call the Fears | Nachawati Law Firm to set up your free consultation. Our firm has represented numerous families who are the victims of the dangerous or crippling effects of the DePuy ASR hip implant. If you or a loved one has experienced any of these problems because the implant, we encourage you to consult with one of our Hip Implant attorneys as soon as possible. Although no amount of money can compensate for permanent physical damage, a successful civil claim pursued against the responsible party will ensure the victims are not burdened with costly medical expenses, and will hopefully help compensate them for their pain, suffering, and lost wages for time missed from work. Further questions can be directed to the Fears | Nachawati Law Firm by emailing the lead hip implant lawyer, Majed Nachawati at email@example.com, or by calling our office at 1.866.705.7584.
About the Author
Majed Nachawati is a preeminent Pharmaceutical Products Liability Lawyer with a focus on representing hip implant victims and families harmed by dangerous implantations on a nationwide basis. Mr. Nachawati has resolved numerous cases through trials and settlements that have resulted in seven and eight figure confidential settlements. He is on the Grievance Committee for the State Bar of Texas. He is licensed to practice before the Supreme Court of Texas and Arkansas, and is in most federal courts in the nation and holds specific licenses in the Northern, Southern, and Eastern Districts of Texas. Mr. Nachawati is a member of the Board of Directors of the Texas Trial Lawyers Association, the Board of Directors for Public Justice, a Leaders’ Forum and PAC member of the American Association for Justice. Mr. Nachawati has been recognized as a Super Lawyer in Texas Monthly Magazine for the past four consecutive years for legal excellence, in connection with pharmaceutical injury cases. Mr. Nachawati is also a member of The Million Dollar Advocates Forum. Mr. Nachawati can be reached by email at firstname.lastname@example.org or by calling 1.866.705.7584.