J&J to pay $1 billion for faulty hip implants

12/2, 2:19 AM (Source: TeleTrader.com)

A Texas federal jury ordered Johnson & Johnson’s DePuy Orthopedics unit to pay more than $1 billion to six patients on Friday.

The plaintiffs claimed the company hid flaws in its artificial hips that had to be surgically removed. The jury determined that the manufacturers knew the implants were defective, but had failed to warn doctors and patients about their risk of failure. The court awarded $1.09 billion in punitive charges and $32 million in compensatory charges to the plaintiffs.

The prosthetics maker stated that it would immediately appeal the verdict.

Teletrader Newsroom / RV